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Is Poland – the best kept secret! Boasting a growing economy despite a world economic crisis?

Growth Opportunities in Emerging Markets: US-Polish IT Forum: On Thursday, May 17th the Consulate General of the Republic of Poland in New York,partnering with the Manhattan Chamber of Commerce organized and jointly hosted an international US-Polish IT Forum.

The Forum objectives included identifying current global market trends, opportunities that stem from highly advanced Polish IT companies potentially partnering with similar American companies and specific changes worldwide,which occurred during past few years in the technology sector. Poland, recognized as one of the leading emerging economies,continues its growth as a business partner and investment destination for companies from the United States and many other parts of the world.

Consul General of the Republic of Poland in New York, Ewa Junczyk-Ziomecka opened the Forum welcoming all participants and guests. She was followed by the President of the Manhattan Chamber of Commerce, Nancy Ploeger expressing her satisfaction for co hosting this Polish-US event. She welcomed the opportunity of exploring mutually beneficial opportunities for American and Polish business partnering.  The European American Chamber of Commerce was a co-sponsor of the event, attended by approximately 130 guests .  They were from various business sectors predominately IT, finance, consulting, BPO and media.

Polish IT Forum
Recognized and respected experts in the field of technology and BPO, explored and discussed the importance of the IT sector for economic development.

Importantly, recent information was presented demonstrating how Poland is outpacing its neighbors as the fastest growing economy across the region and one of the fastest in European Union.

Next, Frank J. Casale, Founder and CEO of the Outsourcing Institute, described the significant increase and growing demand for cooperation with emerging markets. Mr. Casale underlined the need for further diversification of BPO/ITO services in global policies of multinationals along with the increasing importance of Central Europe on the global economic map.

Jacek S. Levernes, Vice President of Global Business Services in Europe, Middle East and Africa,  Europe Executive Board Member of HP, presented the keynote speech about the Polish market,the condition of the Polish BPO sector and general strengths of Poland in competition for foreign investments. Mr. Levernes highlighted significant indicators that demonstrated permanent development of the Polish economy including a rapid growth of the BPO sector.

Today, the business services sector in Poland is valued at over $3.6 billion. It is expected to grow to $4.5 billion, with increased employment from 80,000 to 100,000 in business services centers. According to the Association of Business Service Leaders (ABSL), Poland, a mecca for American and Western European investors, is now a leading destination in Europe for outsourcing and offshore investments. This status is affirmed by the Group Location Heat map (2011), which includes Poland in the elite group of five countries that are “mature locations” for outsourcing and offshore investments.  The other countries are India, the Philippines, China, and Brazil.

Matt Domogala, a moderator for this event and an energetic public speaker represented Netizens on of Polish emerging IT companies. Mr Domogala demonstrated a novel, Social Media-type model of inter-connectivity. The system he presented combined reality with the virtual world, making it possible to expand and interconnect both worlds.

The Forum was concluded with a panel discussion and an opened general question / answer session with the attendees.  The panelists were: Ph.D Margo Stys from the IBM Research Division; Chief Technology Officer Gregory Bebenek from LGBS Software and Principal & CEO Ann Kayman from New York Grant Company. The discussion encompassed current events that occur in the technology world, the growing role of New York in the technology world and opportunities related to investments in the Polish IT sector. Ann Kaymanns howed a lot of enthusiasm expressing her views about the offerings of New York City and also Poland. She expressed her delight with the progress that Poland has been able to achieve, sustain and able to grow for the last few years.

In closing, Henryk Sanecki, the Consul and Head of Trade & Investment Section of the Polish Consulate in New York, expressed his gratitude to all participants and guests for attending. He invited all participants and guests for a reception immediately following the conference. The reception offered an excellent opportunity for personal discussion with panelists and experts about growing opportunities, practical challenges and solutions related to potential US Polish partnerships.

The US-Polish Forum was an excellent opportunity for the business community to become familiar with Poland, its customs, assets and potential benefits of US-Polish partnering.


This report prepared by:
Michal Urbankowski
Trade & Investment Section, Consul
Consulate General of the Republic of Poland in New York