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The Warsaw Voice » Business » April 8, 2009
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Investors Eyeing Poland
April 8, 2009 By L.¯.    
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A host of foreign businesses are preparing to invest in services, retail trade and food processing in Poland, according to the Polish Information and Foreign Investment Agency (PAIiIZ).

Greenfield projects, or projects that involve the construction of new production facilities from scratch, will continue to account for a large percentage of foreign investment projects this year, the agency said, adding that more than 60 percent of the projects it piloted in March involved the construction of new factories.

Despite the international economic crisis, investors will not withdraw from Poland, the agency said. Last year the number of greenfield projects worldwide increased despite a decrease in foreign direct investment.

Investment projects involving innovative services are expected to be the most resistant to the crisis. Such projects account for a fifth of foreign investors' plans in Poland for this year, the agency said. In all, more than half the projects the PAIiIZ is handling come from Germany, the United States, Britain, and France.

This year will also see further investment by companies already operating in Poland, especially those in the food processing and retail sectors, PAIiIZ said. For example, Swedish-Danish food corporation Arla Foods wants to invest more money in Poland to strengthen its market position here. The company, which reported almost zl.30 billion in sales last year, already has a factory in Go¶cino in the Western Pomerania region and a financial center in Gdañsk on the Baltic coast.

Food producer Nestlé wants to invest about zl.70 million in Poland this year, and Czech-Slovak group Penta Investments plans to invest about 200 million euros annually over the next few years. Portugal-based Jeronimo Martins, owner of the Biedronka retail chain, plans to invest 200-250 million euros in Poland this year. French chain Carrefour plans to open four new hypermarkets and about 50 supermarkets in this country. Two other French chains Auchan and E. Leclerc also plan to open new stores.
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