Ofer Nimrodi: Poland is good for business

• Published date: 22 March 2023

Israel Land Development Co. is the country's oldest real estate company founded in 1909, the year in which Tel Aviv was established. At the end of the 1980s businessman Yaakov Nimrodi bought the company and his son Ofer Nimrodi (65) has been CEO for many years. The Nimrodi family has a 54% stake in the company

Because of the judicial reform in Israel, Poland has been mentioned frequently recently as a less democratic country. How much does this influence your business activities there?

"I am not involved in the political situation in Poland and certainly not an expert on the subject. The business system in the country works and is developed. The capital market there is active. In terms of a state of law, it is a very orderly country, with a low level of corruption. We manage to do a lot of business there. I cannot give marks to the system of government there."

Why have you focused on Poland

"Poland is a bridge and connection between Western and Eastern Europe. Not only in the physical sense, but also in doing business and culture. It is a country of law with Western education and it is very convenient to do business there. On the other hand, the cost of living and wages are significantly lower than the prices in Western Europe.

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