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Eastern European family businesses

April 17, 2014

Entrepreneurship has blossomed in Poland since the fall of Communism, but it remains to be seen if these new businesses will become long-term family companies.

Family-run firms, at first glance, appear to be enormously important to the Polish economy accounting for around 75% of all businesses and 50% of employment, according to academics. But as the majority are still under first-generation ownership, they can’t be classed as family businesses in the strictest sense of the term.

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