The best way to judge the growth of a country is through its economic growth. Over the years, economic growth has been a big factor in a country’s growth strategy, and some of the countries have stood out in this aspect. Poland is one such special with a record for its steady economic growth in the past 26 years and the top companies in Poland play a big role in this.
A total of 1.5% growth rate was observed in a mere span of seven years from 2010-2017, which is a fete in itself. Let’s look at some of the top companies in Poland, which have been a major component in this global growth storm, which Poland has observed over the years.
Metallic resources are the foundation of machinery in any country and are the prime source of physical development for a country and knowing this KGHM finalized their goal to make judicial use of their resources.
Although the plan for the company was laid out in 1949, 1991 saw the establishment of a company which turned out to become one of their best over the years. 1997 marked the year of the stock exchange in Warsaw and London, and the company since never looked back.
What do they do?
By Producing Lead, Copper, Sulphuric acid, Nickle Sulphate and so much more for their clients, the company got its place in top companies in Poland cannot be denied. The main work of the company is to extract metals ( for three predetermined sources), process them and provide them in use for to their customers with the help of latest technical solutions.
Electricity, since its discovery has come a long way and has become a major role in everyday life. The little discovery has made such a significant impact on human life that even one of the top companies in Poland is all about electricity. Covering over 57.000 square kilometers of distribution area, Touron is crowned as the largest electricity distributor over there.
Founded in 2006 by none other than Ministry of State Treasury of Poland, the focus of the company was kept to providing energy to Polish citizens. A major producer of electric power and heat, it even sponsored Poland’s national basketball team at 2015 EuroBasket games.
The company has grown leaps and bounds, taking its stand in the society today as it was envisioned to do.
What do they do?
The main focus of the company is kept to supply of electricity to Poland public and spreading the power voltage line across the nation to empower it.
Covering over 57.000 square kilometers of distribution area, Touron is crowned as the largest electricity distributor over there.
The little discovery of electricity has made such a big impact on human life that even one of the top companies in Poland is all about electricity. Covering over 57.000 square kilometers of distribution area, Touron is crowned as the largest electricity distributor over there.
PKO Bank Polski
Every single country needs a financially stable currency, and along with it a structure which can keep track of the money exchange. In short, every country needs a bank for the proper function, and inevitably one will stand at the top. PKO Bank is that inevitable in Poland.
By Head of State, Józef Piłsudski’s order, on 7 February 1919 PKO came into existence. On December 28, 1919, Hubert Linde made history by being appointed as its first director. Henryk Gruber became its director during the second polish Republic. During the German rule, the bank fell under German hands and since then operated under different hands until November 1, 1987, when it became an independent bank again.
Keeping track of money exchange in the country, this bank is no doubt a major contributor to the development and economic growth of the country as a whole and is growing with the nation as a whole.
What do they do?
Keeping track of money exchange in the country, maintaining stocks, foreign exchange, this bank does everything a typical bank does. All in all, this bank functions as your typical top currency bank where every national and international facility is available to you, be it depositing money or buying of stocks.
The company is a backbone of the economy of Poland. As an insurance company, PZU has made a global name for itself with its services in the sector. With nearly 200 insurance products in the market, they snatched the top spot for their category before long.
Its traces can be traced all the way back to 1803, the time of establishment of a first Insurance company in Poland. From 1952-1990, it was given monopoly by the state where it attained its powerful form of today. Over the course of one year, it saw an increase of over 50.6% in 2008. In 2016, they owned the stakes of the second largest bank in Poland.
What do they do?
As an insurance company, this group of 88 companies has become a superpower and a force to be reckoned with, not only in Poland but also in the international market. With nearly 200 insurance products in the market, group is integrated into various sectors of everyday life, ensuring goods and services ranging from property to electronics and then some more
Companies play a very important role in a country’s economic growth. Poland’s growth was not magical or out of nowhere. It was a result of all the top companies in Poland, which made it rank 23rd on global GDP, and if the trend continues, then this is just a beginning.