Skip to content

Poland extends credit to Ural for purchasing footwear, apparel, and home furnishings

Polish entrepreneurs anticipate boosting trade with Sverdlovsk Oblast. To entice Ural business owners, Poland's state-owned Bank Gospodarstwa Krajowego (BGK) is providing credit facilities for merchandise.

Poland extends credit to Ural for purchasing footwear, apparel, and furniture
Poland extends credit to Ural for purchasing footwear, apparel, and furniture

Poland extends credit to Ural for purchasing footwear, apparel, and home furnishings

In the heart of the Ural region, Sverdlovsk Oblast has been forging strong economic ties with Poland, particularly in sectors that align with its industrial strengths. The region, known for its mining, metallurgy, machine building, and chemicals, has found a reliable partner in Poland[1].

Key sectors of trade between the two regions include metallurgy and steel products, machinery and industrial equipment, and chemicals. Metallurgy remains central to the Russian economy and Oblast industry, with Sverdlovsk hosting significant steel and metallurgical plants[2][4]. Poland, with its developed manufacturing and machinery industries, can both export machinery parts and import Russian metals/metallurgy equipment for further manufacturing[3][4].

Major Russian companies, such as Severstal (an important steel producer), play a critical role in metallurgy. The industrial robotics sector is growing, with government support for expanding domestic production and robotization by 2030[2][3]. Although specific Polish companies involved with Sverdlovsk are not listed, Poland's well-known industrial firms in steel, chemicals, and machinery may directly or indirectly engage in trade with Russian enterprises.

The "Made in Poland" program, initiated in Russia in February 2014, simultaneously with China, is aimed at promoting Polish products within the Russian market. This program fosters brand recognition and trade presence in Russia, facilitating easier access and visibility for Polish exporters[5]. The program offers a wide range of products, including items for specific industries like banks and archives[5].

Notable Polish exports to Sverdlovsk Oblast include footwear, clothing, and furniture, as well as machinery, oil transformers, cosmetic packaging, and fruits[6]. LLC "Ural Locomotives" is a significant consumer of Polish products in Sverdlovsk Oblast[7].

The commercial relationship between Sverdlovsk Oblast and Poland is not affected by any current economic sanctions related to the Crimean campaign[8]. As of the report, Poland is the 21st out of 152 external trading partners for Sverdlovsk Oblast[9].

Currently, the "Made in Poland" program is being presented in Yekaterinburg, promoting Polish entrepreneurs as reliable partners[10]. The program seems to be successful, with a tram produced at "Uraltransmash" with the help of the Polish company PESA winning a tender in Moscow[11].

In summary, the economic relationship between Sverdlovsk Oblast and Poland is rooted in mutual industrial strengths, with key sectors including metallurgy, machine-building, and chemicals. The "Made in Poland" program is instrumental in fostering business relationships between Polish and Ural entrepreneurs, offering a wide range of products to meet diverse industrial needs.

| Aspect | Description | |----------------------------|-------------------------------------------------------------------------------------------------| | Key trade sectors | Metallurgy/steel, machine-building/robotics, chemicals | | Major Russian company | Severstal (steel and metallurgy), local industrial robotics firms | | Major Polish involvement | Industrial and machinery exporters promoted through "Made in Poland" program in Russia | | "Made in Poland" program | A Russian market program promoting Polish products to enhance trade visibility and access | | Key Polish exports | Footwear, clothing, furniture, machinery, oil transformers, cosmetic packaging, fruits | | Major Russian consumers | LLC "Ural Locomotives" | | Current economic sanctions | Not affecting the trade relationship between Sverdlovsk Oblast and Poland | | Poland's ranking | 21st out of 152 external trading partners for Sverdlovsk Oblast |

Finance plays a crucial role in the development and sustainability of the economic ties between Sverdlovsk Oblast and Poland, as businesses and industries seek funding for their ventures and projects. The growth of domestic production and robotization in the Russian industrial robotics sector, for instance, is supported by government finance[2][3].

In the “Made in Poland” program, both Polish exporters and local Russian enterprises benefit from the improved financial landscape, as Polish firms gain visibility and easier access to the Russian market, while Russian companies gain access to a wider range of products for diverse industrial needs[5][10].

Read also:

    Latest