The profits of three German automotive companies — Volkswagen, BMW and Mercedes-Benz — are higher than the profits of the entire Polish processing industry. So, the idea that Poland could quickly catch up with Germany and the German wages does not seem realistic.
When it comes to advanced technologies, Europe has been lagging behind the US and China for many years. This has an effect on the growth rate and the competitiveness of the European economy, as well as the level of employment.
Polish universities want to regain 107 Polish scientists working abroad as part of the first edition of the Polish Returns Program. The research teams they will build aim to create a new quality in the Polish science.
Economists from the Warsaw School of Economics warn that the economic recovery after the last recession in the Central and Southeast Europe (CSE) had already lasted 20 quarters, and that the important leading indicators had gone down.
The latest Global Innovation Index (GII) has classified the Baltic States highly. The Index ranks 126 countries and their innovative aspects within political environment, education, and infrastructure and business culture.
According to the latest OECD report Poland is making progress in modernization of the economy, but still lacks innovation. Not only state-level support is needed, but also a greater activity of the enterprises.