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The Warsaw Voice » Business » June 17, 2009
Business
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Encouraging Investors
June 17, 2009 By A.R.    
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8.6 percent was the average unemployment rate in the 27 countries of the European Union at the end of April, according to the EU's statistics office, Eurostat.

Poland is increasingly seen as an excellent investment location thanks to the country's central location in Europe, its well-qualified labor force and relatively low labor costs.

"Asked about Poland's biggest pluses, investors point first of all to our membership of the European Union, the stability of Polish politics and high qualifications of our workers, who stand out with their enterprise and creativity. It's encouraging that we are not perceived exclusively as a cheap labor force," Sławomir Majman, member of the board of the Polish Information and Foreign Investment Agency (PAIiIZ), said during the Polish Investforum 2009 conference held in Warsaw in early June.

The forum was organized in conjunction with the PAIiIZ and the Polish Chamber of Commerce (KIG), and was intended mainly for foreign investors. It enabled them to find out about investment opportunities in Poland and prospects for the country's economy in the near future. Experts believe that the coming years will be the best time for investing in Poland. First, investors have an opportunity to benefit from high EU subsidies. Second, the crisis has forced suppliers to reduce their prices, which means that projects may be much cheaper to carry out than during an economic boom. Additionally, any investment made at a time of downturn will increase a company's competitiveness and help it get off to a better start once an economic revival begins.

"By organizing the forum we want to show how the situation on global financial markets will influence foreign direct investment in Poland and encourage investors to expand their existing investment projects. We would like to match investors with businesses and cities that can offer them something. The cities involved with the first Investment Forum are Bydgoszcz as the main partner, Cracow, Poznań and ŁódĽ," said Eva Krisztina Aboo, managing director at Roadshow Polska, one of the organizers of the forum.
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