A record-high number of foreign company registrations: daily

Poland registered 4,300 foreign companies in January-June 2019, 20 percent more than in the same period of last year, the Puls Biznesu daily wrote on Wednesday.

The daily wrote that "there are not many areas of commerce that have recorded such spectacular growth as in the establishment of companies with foreign capital in Poland." Poland's National Court register added 700 foreign companies more than in the same period of 2018, the daily reported.

If the current growth rate continues, around 8,700 foreign companies will be registered in 2019.

According to Jarosław Nowrotek of the Central Business Information Centre quoted by the daily, a third of the companies were set up by Ukrainians. The main sectors include building, retail and wholesale trade, and transportation. One of the benefits of setting up a business in Poland is that it eases the process of receiving residence permits in Poland.

Foreign interest in the Polish economy is not purely at the smaller end of the scale, however, as trading statistics from the Warsaw Stock Exchange indicate that over half of the market’s trading volumes was accounted for by foreign entities.

According to reports, 59 percent of trading on the main market of the Warsaw Stock Exchange (WSE) in the first half of 2019 was by foreign brokers. Foreign investors trading volumes were up by three percent on volumes for the first half of 2018.