Reuters Insider - Want a yacht? Head for Poland, not the Riviera
23/07/2019 16:59
Click the following link to watch video: https://share.insider.thomsonreuters.com/link?entryId=1_hglsw5yq&referenceId=tag:reuters.com,2019:newsml_OVAP094SR_930&pageId=ReutersNews Source: Reuters Insider Description: EU figures show that Poland now accounts for more than half of the bloc's exports of luxury yachts. Julian Satterthwaite reports. Short Link: https://tmsnrt.rs/2SBkn7F Video Transcript: This is the heart of Europe's yacht-making industry, but it's not the French Riviera, it's Northern Poland. Somewhere more often associated with heavy industry and not always this sunny. Yet, towns like Gdynia and Gdansk can now account for 60% of EU yacht exports. Big industry players, like Brunswick Mercury Marine of the US, among those to move production there. The Polish industry association says it is clear why turnover is rising. The boats are growing. The bigger the boat, automatically, the more expensive it gets. This is reason number one. Number two is the number of boats, and number three is the equipment fitted on the boats. Tennis star Rafael Nadal among recent customers. He said to have bought one of these, a big catamaran made by Sunreef Yachts. British firm Parker says boat builders like Polish yachts for their good quality work. But for a country famous for exporting workers, that leaves one big problem. We're finding it more and more difficult to find people. So we're- a lot of the yards are forced to look to foreign labor. As a result, the industry is recruiting staff from Ukraine and Belarus. For workers with the right skills, this is one labor market that looks very buoyant