We use cookies to make sure our website better meets your expectations.
You can adjust your web browser's settings to stop accepting cookies. For further information, read our cookie policy.
SEARCH
IN Warsaw
Exchange Rates
Warsaw Stock Exchange - Indices
The Warsaw Voice » Other » December 12, 2007
The Chinese Connection
You have to be logged in to use the ReadSpeaker utility and listen to a text. It's free-of-charge. Just log in to the site or register if you are not registered user yet.
Magnet for Investors
December 12, 2007   
Article's tools:
Print

Pawe³ Wojciechowski, chairman of the Polish Information and Foreign Investment Agency (PAIiIZ):

Investment decisions are usually based on hard headed economic calculations driven by profit forecasts. By this criterion, Poland is doing very well. Poland's major strength over recent years has been a steady economic growth of between five and seven percent. A corporate tax rate of just 19 percent is an investor magnet, as are low labor costs. Poland, Bulgaria and Romania have the lowest per capita incomes in the European Union. Other pluses include a highly skilled workforce, a young and energetic society, and a lot of students. This sort of quality per cost is extremely hard to come by. We can safely assert then that investing in Poland really does pay.

Interest in Poland has shot up dramatically since the country joined the EU in 2004. Poland now attracts more foreign investment than any other country in the region. Since European investors have the entire EU to choose from, this is really saying something. Poland is bringing in around 1 billion euros of foreign investment every month. This is a staggering 50 percent of all foreign investment in the 10 new member states. These figures attest to the profitability of investing in Poland more eloquently than anything else.

Our agency deals with 10-15 percent of Poland's foreign investment projects. As many as 45 percent of these are reinvestments made by foreign companies already based here. We mainly support electronics, automotive, information and communications technologies, biofuels and biotechnology industries. Having signed the Energy Agreement, Poland is compelled to diversify its energy production and resources. Renewable energy is therefore of particular interest to us. As Poland will have to make considerable investments in this field, we're looking forward to seeing some new investors in the country.
© The Warsaw Voice 2010-2018
E-mail Marketing Powered by SARE