Wielkopolska Region is one of the most economically developed regions in Poland. It is characterized by a high concentration of engaged foreign capital in the region and high investment expenditure per capita. The economic situation in the region is a consequence of steady development with a significant degree of industrialization and a high technological level. High potential of local human capital, as well as good transport connections, an extensive business environment and traditions of industrial and commercial culture are factors conducive to rapid economic development.
There are more than 480,000 entities of the national economy operating in the Wielkopolska Region, excluding persons running private farms in agriculture. Natural persons conducting business activity are still the leading group of entities of the national economy (76%). Commercial companies account for nearly 12.5%, while civil law partnerships account for 5.5%. The remaining entities of the national economy are cooperatives, foundations, and state-owned enterprises. The number of employees in the entities of the national economy exceeded 850 thousand (main employment sectors: manufacturing, trade and services related to the repair of motor vehicles, transport and storage services, and construction). Wielkopolska Region is characterized by a significant share in domestic production in many types of industry, including 27% of the production of beverages, 23% of the production of textiles, 22% of the production of electrical devices, etc. Wielkopolska is also a major producer of furniture, clothing, and food products.
At present, Wielkopolska is facing the following economy challenges:
The need to concentrate economic development in the areas of smart specialization of the region:
Science plays an important role in the dynamic development of the region and the increase in its economic competitiveness, which together with business and local governments transforms Wielkopolska into an innovative region, developing its economy based on knowledge. Wielkopolska develops advanced technologies, including in the areas of IT, automotive industry, and highly specialized services. There are also proposals for new pillars of the region's development based on renewable energy sources (wind energy, photovoltaics, and zero-emission energy) and the use of hydrogen. The challenges resulting from climate change and their economic and social consequences are at the basis of the ongoing processes of restructuring the region's economic potential. Wielkopolska focuses on electromobility, greater independence from coal than before, with a simultaneous rational use of the available other energy sources. The hydrogen economy creates an environment for the region's sustainable economic growth, creating the basis for building a global competitive position. The term hydrogen economy refers to the vision of using hydrogen as a low-carbon energy carrier, for heating, seasonal energy storage and long-distance energy transport. Fuel cells and hydrogen can bring significant environmental benefits throughout the energy system.
Intensification of foreign investments in Wielkopolska:
Famous global and European companies are present in the economic landscape of the region. There are 6,148 commercial companies with foreign capital in the region (as of June 30, 2022). In terms of the number of entities with foreign capital, the region ranks third in the country. Due to the type of economic activity, the largest group consisted of units from the following sections: trade, repair of motor vehicles, industrial processing, professional, scientific, and technical activities, construction, and real estate services.
Wielkopolska Region is one of the leading regions with the highest investment attractiveness in Poland. The strengths of the region in this context are the size and quality of the labor market resources, market absorption, transport accessibility, developed economic infrastructure and the general level of economic development.
Steady increase in the dynamics of exports and decreasing imports:
The European Union countries remain the most important recipient countries for the region's exports. The most important recipients of goods exported by companies from Wielkopolska are the Federal Republic of Germany, France, the Netherlands, Great Britain, and Sweden. The export offer of Wielkopolska was assessed as competitive - products sold by companies located in the region successfully compete on foreign markets. The ability to compete does not appear to result from a temporary increase in demand or an economic recovery, but it is of a permanent nature.
The leading countries of origin of Wielkopolska imports are the Federal Republic of Germany (nearly 1/3 of all imports), the Czech Republic, Italy, France, Great Britain, and Belgium. The most important among the imported products are motor vehicles, parts and accessories for motor vehicles and their engines, drugs and pharmaceutical products, plastics in primary forms, plates, sheets, plastic pipes, and profiles, cast iron, steel and ferroalloys, lighting equipment and electric lamps, metal products, paper and cardboard, and aluminum and aluminum products.
Expansion of the subzones of Wielkopolska Special Economic Zones and business support centers
Every year, the largest amount of funds for investments goes to the industrial sector. The production of motor vehicles, machines, electrical equipment, and furniture also has a strong position. To fully use the region's potential, local governments have created economic zones and investment parks where investors find excellent logistic and technical facilities for their activities and receive tax reliefs.
Special Economic Zones (SEZ) were established primarily to accelerate the economic development of regions, develop post-industrial assets and infrastructure, create new jobs, and attract foreign investors to Poland. Thus, SEZs constitute an instrument of regional development, and their expansion of their potential takes place in close cooperation with regional boards and zone managers. There are currently sub-zones of six Special Economic Zones in the Wielkopolska Region: Kamiennogórska, Kostrzyńsko-Słubicka, Łódzka, Pomorska, Słupska and Wałbrzyska "Invest Park". The leading industries are household appliances, ceramic, wood, pharmaceutical, cosmetic, medical, metal, automotive, plastic packaging, paper, printing, production of PVC windows and doors, production of car and bus windows, transport and logistics services, rubber products and plastics.
Innovation centers and business incubators play an important role in supporting economic initiatives in the region, the network of them in the Wielkopolska Region includes 14 units (technology transfer centers, business incubators, technology incubators, academic business incubators and science and technology parks).
ECONOMY OF THE WIELKOPOLSKA REGION
Economic activity of the population in the Wielkopolska Region
Indicators of the general economic situation of the region
Impact of the COVID-19 pandemic on the operations of the corporate sector
Entities of the national economy in the REGON register
Average employment in the enterprise sector
General characteristics of registered unemployment
Foreigners in the labor market of the Wielkopolska Region
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