The Republic of Poland or simply Poland is located in Central Europe and is part of European Union. While the establishment of Polish state dates back to year 966, Poland regained its independence and started its way to being the advanced economy it is now in 1989. Poland is the eight largest and considered to be one of the most dynamic economies in the EU, it also has a leading school educational system in Europe. Poland provides its citizens with a free university education, universal health care system and state-funded social security. It is also a member of the Schengen Area, NATO, OECD and the United Nations.

Poland is considered as one of the most successful countries to transition from communism to the market economy. The return of the democracy was followed by the liberalisation of the economy, privatisation of the small and medium-sized state-owned companies as well as a rapid growth of private sector. Poland is the leading producer and exporter of apple concentrate and is one of the leading producers of cabbage, berries and carrots. In addition to agriculture, Poland’s main industries are coal mining, machine and shipbuilding, glass, iron and steel manufacturing as well as food and beverage processing and textiles.

It is estimated that approximately 36% of the foreign investments go to manufacturing. Other attractive sectors for foreign investments in Poland are logistics and transports, financial services as well as IT and data transfer. Also, thanks to the growth of Polish economy, the real-estate market has caught the attention of both – local and foreign investors.

If you are considering to set up a business in Poland and are exploring the most beneficial and profit-generating ideas, below are some of the most attractive sectors along with the benefits they can provide.

Polish company for IT and software development
IT and software development sector in Poland is among the most vital and robust industries with good fundamentals as well as further growth prospects. Polish IT sector is considered to be a leader in the region with the demand for qualifying IT engineers constantly growing. The main reason and at the same time the benefit of setting up an IT business in Poland is its vast human capital – high quality IT engineers.

Poland tends to distinguish itself in terms of IT graduates – approximately 40 thousand young people each year receive a top quality higher education in IT and software development. The high quality of IT education is proven by numerous international programming competitions and rankings, such as Top Coder. Polish IT specialists are demanded not only locally but are also highly demanded abroad. Other benefits of setting up an IT business in Poland are high product quality and low production and workforce costs in comparison to other countries.

These are the main reasons, why such companies as Microsoft, Google, HP and IBM have opened their offices in Poland and other foreign companies are located in all biggest cities of Poland. Currently, two most popular cities for IT businesses are Warsaw and Wroclaw. Although some of the world’s biggest technology companies have entered Polish market, there are still plenty of opportunities and perspectives for the IT and software development in Poland. One of the reasons, why this sector is still highly encouraging is the rapid development and new products, such as mobile solutions, cloud computing and Blockchain technologies. Additionally, Poland offers certain state aid for investors and Special Economic Zones are developed to provide investors with the entire technology infrastructure.

Polish company for research & development
R&D sector in Poland is considered as one of the success stories among EU member states. The main actors of R&D sector are the Polish Academy of Sciences along with other higher education institutions and individual R&D businesses. The Polish government is also encouraging R&D activities by funding special programs through which numerous investment opportunities are available for R&D projects. Meanwhile, Polish universities prepare highly qualified workforce, which is relatively cheaper if compared with other EU countries.

Research and development activities are advancing in all major economic sectors, especially electronics, aviation, telecommunication and IT, biochemistry and biotechnology, pharmaceutical products and other innovative technologies. This sector is not only open to local entrepreneurs – national authorities welcome and support also foreign investments by opening numerous new science and technology parks which are specially designed to facilitate the establishment of R&D units.

Polish company for automotive
Automotive is one of the most important industries in Poland comprising machine tools, petrochemicals, electrical machinery, car manufacture and shipbuilding. There are several important factors why foreign entrepreneurs should be interested in this developed market. For example, Polish automotive sector is ranked second in the world in terms of manufacturing output. Similarly as with previously mentioned industries, also automotive sector is highly attractive due to a vast supply of highly qualified and relatively inexpensive workforce. There are numerous opportunities for you as a foreign entrepreneur to apply for funds from various EU programmes and certain conditions when you can be exempted from CIT (corporate income tax) or benefit from available state aid programs for foreign investors.

Membership in International Unions
Whether it is an alliance, incorporated union, federal union or supranational body here is the list of unions the country is a member of. Israel is a member of several unions. They are International Monetary Fund, Organisation for Economic Co-operation and Development, United Nations, World Bank, World Trade Organization.

International Monetary Fund
Israel is a member of International Monetary Fund. On 12 July 1954, it joined the IMF as a member. The IMF is an organization headquartered in Washington, D.C., of 189 countries working to foster global monetary cooperation, secure financial stability and facilitate international trade. The IMF now plays a central role in the management of balance of payments difficulties and international financial crises. The union is governed by and accountable to the all 189 member countries. As of 2010, the fund had SDR 476.8 billion (about US$ 755.7 billion).

Organisation for Economic Co-operation and Development
Israel is a member of Organisation for Economic Co-operation and Development. On 7 September 2010, it joined the OECD as a member. The Organisation for Economic Co-operation and Development (French: Organisation de coopération et de développement économiques, OCDE) is an international economic organisation of 34 countries, founded in 1961 to stimulate economic progress and world trade, and promote policies that will improve the economic and social well-being. It is a forum in which governments can work together to share experiences and seek solutions to common problems. OECD work with governments to understand what drives economic, social and environmental change. OECD measures productivity and global flows of trade and investment.

United Nations
Israel is a member of United Nations. On 11 May 1949, it joined the UN at its inception date as a full member state. Founded in 1945, the United Nations is an intergovernmental organization to promote international co-operation. The work of the United Nations are guided by the principles contained in its founding Charter. It is currently made up of 193 Member States. The headquarters of the United Nations is in Manhattan, New York City, further main offices are situated in Geneva, Nairobi and Vienna. Its objectives include maintaining international peace and security, promoting human rights, fostering social and economic development, protecting the environment, and providing aid.

World Bank
Israel is a member of World Bank. On 12 July 1954, it became a member of the World Bank Group. The World Bank is international financial institution that provides loans to developing countries. It's like a cooperative, made up of 189 member countries. These member countries are represented by a ministers of finance who are the ultimate policymakers at the World Bank. The World Bank's official goal is the reduction of poverty.

World Trade Organization
Israel is a member of World Trade Organization. On 21 April 1995, it joined the WTO as a member. The World Trade Organization is an intergovernmental organization which regulates international trade. At its core are the WTO agreements ratified in national parliaments. It is the only global international organization dealing with the rules of trade between nations. The goal is to help producers of goods and services, exporters, and importers conduct their business. The WTO deals with regulation of trade between participating countries by providing a framework for negotiating trade agreements and a dispute resolution process aimed at enforcing participants' adherence.

The logistics performance index of Cambodia is 2.74. It indicates satisfactory performance - in general, traffic is handled well, some shortcomings in certain areas are possible, but overall the logistics system is reliable and ready to handle predictable traffic volumes.

Inch performance is rated at 2.67. This indicates satisfactory performance - the customs clearance procedure is generally effective, although a long time can occasionally be a problem; the customs system certainly does not discourage international business activities; required documents and fees are generally publicly available.

The infrastructure quality in Cambodia is rated at 2.58. It indicates satisfactory quality - roads, railways, ports and other facilities are capable of handling significant traffic at all times, and are also suitable for various types of transport vehicles and ships.

The quality of international shipping is 2.83. It indicates satisfactory performance - the services are reasonable and the prices are not too high and usually correspond exactly to the quality, although there is still room for improvement.

The competence of logistics service providers is rated at 2.67. The providers are competent - they ensure a good quality of their services and almost always maintain this level; Deficiencies, while still possible, are usually minor and do not discourage further use by providers.

Tracking options for shipments are rated at 2.92. It indicates satisfactory performance - the tracking systems provide all the basic information, as well as additional data about shipments; Mostly it also has a well-established cooperation with foreign and international tracking systems and usually offers information in several languages.

Tracking options for shipments are rated at 2.75. This indicates satisfactory performance - most shipments arrive on time and within scheduled time frames; late arrivals are still possible, albeit uncommon.

In Cambodia, 31.1% of the population has access to electricity. Cambodia has 16 airports nationwide. There are 13,784 internet hosts in Cambodia. The number of road motor vehicles per 1000 population in Cambodia is 14.

Road network
The total road length in Cambodia is 55,000 km (34,183 miles). Of these, 0 km (0 miles) of roads are classified as freeways, dual carriageways, or freeways.

Gas price
On average, a liter of petrol costs USD 1.34 in Cambodia. A liter of diesel would cost $1.22.

While e-banking has been around for some time, mobile banking is a relatively new service offered by financial institutions. Due to the growing popularity of smartphones, more and more banks are developing their own mobile banking applications. In 2015, 90% of US bank customers had used mobile banking to check their balance or recent transactions in the last 12 months.

Some banks are hard at work developing new tools in addition to the traditional bank account management services available through their smartphone apps. For example, some banks in the UK now allow you to withdraw money from an ATM using their mobile app instead of your credit or debit card. A significant proportion of bank customers are now deciding against mobile banking due to concerns about trust and security.

Tablet with opened online bank
Advantages of online banking
Convenience is one of the great advantages of online banking. With it, you can do almost all banking transactions 24 hours a day, 7 days a week. As well as taking care of your day-to-day account management activities, you can communicate with your account manager or open new accounts including savings accounts and pension funds. Another great benefit is that you can do all of this while paying lower or no transaction fees, as the overhead and other costs for the bank are lower with fewer or no physical branches to maintain. Some banks have gone a step further and declared themselves branchless or internet-only institutions.

Disadvantages of online banking
While online banking is considered the most convenient way to manage your bank account, sometimes a customer prefers to have a face-to-face consultation with a bank teller for more complex banking matters. Not having this option could be a major disadvantage if you are considering opening an account with a branchless bank. Another downside of online banking is its complete reliance on internet access. Although internet connections at home or at work are commonplace these days, there may be times when you don't have internet access. This problem becomes even clearer with mobile banking. For example, when you go on vacation, you can choose not to pay for mobile internet, so the only internet connection available could be public WiFi. In addition, it is advisable not to log into your online banking when using a public WiFi connection, as your smartphone or other device is more vulnerable to hacking when connected to an unsecured network.

This brings us to another disadvantage of online and mobile banking. Security issues are seen as the biggest downside of online banking. Although financial institutions work hard to prevent data loss as it can jeopardize their entire business, bank account information is considered one of the prime targets for hackers and various computer viruses. Meanwhile, 48% of bank customers in the US do not use mobile banking for security reasons.