Europa Property | Small companies drive growth of Polish exports of construction services
24 Jan 2019
The latest report by research company Spectis, entitled “Construction companies in Poland 2018-2022 – Comparative analysis and profiles of 40 leading contractors”, finds that exports generated by domestic construction companies surged in 2016 and 2017 (up by 19 percent and 16 percent, year on year), topping PLN 6.5 billion (€1.55 billion) in 2017, after a spell of stable exports in 2011-2015.
Interestingly, the uptick in revenue from exports registered in both 2016 and 2017 was not due to the largest construction enterprises but rather to stepped-up foreign efforts by small contractors. Less than half of the 40 largest construction companies covered in the report conduct export activities on a regular basis. That so few companies are engaged in overseas operations is partly caused by the fact that a large portion of the leading contractors are Polish divisions of international firms which, it is often the case, conduct activities in the countries neighbouring Poland through separate companies managed by their headquarters.
Full article: www.europaproperty.com