February 28 2024
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Cracow has a permanent population of around 779,000, but each year the city becomes a temporary home for many students. It is the second largest city in Poland, the administrative centre of the Lesser Poland province and a supra-regional academic and economic centre. It is ranked among the top five most attractive areas for foreign investors. The city is the seat of international banks, chambers of commerce and business support associations.
The city's investment assets are its past investments, skilled workforce and numerous research and development units working on the needs of industry. Cooperation is encouraged by the city's development strategy, which supports promotional activities, pro-investment initiatives and cooperation between local institutions and communities.
Cracow is synonymous with an attractive place to live, work and do business. It is a place that offers opportunities for growth, fuelled by the potential of graduates from the best universities, with a good population growth rate and rich educational and cultural facilities.
Deputy Mayor of the City of Krakow
Cracow is the European leader in attracting modern business services and, more recently, research and development centres. Financial institutions and high-tech companies are investing here, and start-ups are flourishing. The BSS sector in Cracow consists of more than 260 companies employing around 100,000 people, there are more than 500 technology companies with almost 50,000 IT employees, and we have 9,000 IT students out of a total of more than 130,000. Cracow's advantage is its universities, which provide a human resource base that is highly valued by foreign investors.
In addition, the stock of modern office space has quadrupled over the years and now stands at 1.75 million square metres. Cracow also offers friendly and functional public spaces, high-quality municipal services and access to a wide range of cultural, sporting and recreational activities. All of this makes Cracow a good city to live and work in, and the best confirmation of this is the high ranking in the prestigious "fDI" magazine, where Cracow scored highly as one of the top ten European cities of the future in the categories of business friendliness, human capital and lifestyle, economic potential, overall ranking and strategies for attracting foreign direct investment.
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