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The Warsaw Voice » Business » December 16, 2009
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Investor interest on the rise
December 16, 2009   
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Poland has grown more popular with foreign investors, who are attracted by the prospect of the country being one of the few economies in the world with positive growth this year.

In recent years, Poland has become a leading producer of television displays and LCDs, thanks to major investment projects carried out here by Asian companies. Poland is also a leading manufacturer of household appliances representing most major brands. Foreign aviation corporations have also invested in Poland. The automotive sector is also well developed in the country, which especially applies to small and medium-sized cars.

Poland increasingly attracts projects from sectors that generate the highest value added, such as electronics and aviation. The rapid development of modern IT-based services over the past several years has enhanced the competitive edge of the Polish economy.

The World Investment Prospects Survey 2009-2011 published by the United Nations Conference on Trade and Development (UNCTAD) shows that Poland is one of the most attractive destinations for foreign investment. Poland is the only Central and Eastern European country among the top 15 economies in terms of factors conducive to an inflow of foreign direct investment. Germany, France and Britain won the highest marks among Western European countries.

The overall investment attractiveness of each country was evaluated across 13 categories. In several categories, Poland achieved a high score, far above the global average. Poland won the highest marks for the size of its market and the pace of market expansion. Respondent companies also gave high ratings to the Polish system of investment incentives and access to foreign markets.

Poland and the Czech Republic were the only new EU member states among the top 30 in the league table of the most attractive investment locations. Poland was ranked 11th.

Foreign investors active on the Polish market agree that Poland is an attractive investment location. A poll conducted by the Polish-German Chamber of Industry and Trade shows that 82 percent of foreign investors are satisfied they have chosen Poland as a location for their investment and only 8 percent are dissatisfied.

Although foreign investors are aware that Poland has not managed to avoid the crisis completely, most of them are happy they have chosen Poland rather than Latvia or Ukraine whose economies are in dire straits.

For the first time, foreign companies with operations in Poland have said that Poland is the most attractive country in the world. Among its strengths, those surveyed listed Poland's European Union membership, its qualified and committed work force, strong domestic demand, and stable economy.

The Polish Information and Foreign Investment Agency (PAIiIZ) projected at the beginning of 2009 that Poland would attract 7-10 billion euros in foreign direct investment this year. The projection was later revised to 7 billion euros, down from 10.97 billion euros in 2008.
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