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The Warsaw Voice » Other » July 9, 2008
GREENFIELD INVESTMENT
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Investor Interest Runs High
July 9, 2008   
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Paweł Wojciechowski, president of the Polish Information and Foreign Investment Agency (PAIiIZ), talks to Michał Jeziorski.

What is Poland's position internationally in terms of investment appeal?
Poland's rating has improved in the latest league tables, as illustrated by Ernst & Young's report for 2007. Poland is ranked seventh in Europe in terms of the number of projects completed last year, behind Britain, France, Germany, Spain, Belgium, and Romania. At the same time, Poland is the runner-up in Europe, behind Britain, in terms of the number of jobs created by investors. But the best news is that Poland tops the list of planned investment destinations indicated by potential investors.

Have foreign investors become more interested in Poland recently?
Generally, foreign investors' interest in Poland remains steady and at a high level. Notably, the popularity of Poland among investors has grown considerably in some sectors of special importance to the development of the Polish economy, including business process outsourcing (PBO) and research and development (R&D). The number of new projects in the services sector and the number of companies recently talking with our agency about launching business in Poland give grounds for optimism as far as the prospects for creating new jobs are concerned, in particular when it comes to jobs for Polish university graduates.

How would you evaluate the level of foreign investment in Poland this year?
We expect that foreign direct investment (FDI) in Poland this year will continue to run at approximately the same level as last year, ranging from 13 to 15 billion euros. This would be an excellent result, not only because of the significant influence of FDI on the country's economic growth, but also in the context of the slowdown on international markets and the problems of the U.S. economy.

Companies from what countries and what sectors are the most eager to invest in Poland?
Considering the projects that the agency has handled this year, investors from the United States, Japan, China, India, and Germany have been the most active. So far the launch of a paper mill in ¦wiecie, in Kujawy-Pomerania province, by Britain's Mondi company has been the largest project this year, worth 280 million euros.

As I said, investment in the BPO sector has grown considerably. The FDI inflow in the automotive sector has also been high, and we have noted some major investment projects in the paper, textile, electronic and chemical sectors, in addition to the launch of a growing number of new R&D centers.
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