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 » Business » August 26, 2010
Business & Economy
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.
FDI Rockets
August 26, 2010   
Article's tools:
Print

Foreign direct investment in Poland exceeded 5 billion euros in the first five months of the year, up by 75 percent compared to the same period last year, according to the National Bank of Poland.

The economy ministry is eyeing at least 10 billion euros in FDI this year, according to the deputy minister, Rafał Baniak.

Meanwhile, the Polish Information and Foreign Investment Agency (PAIiIZ) has announced that it enlisted 29 new investors for Poland in the first half of the year. Their planned spending is worth a combined zl.377 million and is expected to create more than 6,000 new jobs.

According to Iwona Chojnowska-Haponik, a department director at the agency, Poland is increasingly viewed as a low-risk country.

Experts caution, however, that Poland stands little chance of attracting as much FDI as it did in the prosperity years of 2006-2007. That will take another four to five years, according to economists.

The type of projects that foreign investors are launching in Poland is beginning to change. Direct investment in manufacturing is falling in favor of business services and projects based on knowledge and advanced technology requiring qualified staff. According to PAIiIZ head Sławomir Majman, “intellectual business” accounts for a quarter of the foreign investment projects that his agency is working on. “This is a new and probably lasting trend,” Majman says.

In manufacturing, most projects are now in the machine-building and aeronautical industries. Other leading sectors include the automotive industry, where the number of projects handled by the agency has grown to 25, and electronics, where the agency has midwived 13 projects. The largest investor countries are the United States, Britain, Germany and South Korea. In the future, though, the geography of FDI will change in favor of investment from Asia, especially China and India, the agency says.
© The Warsaw Voice 2010-2018
E-mail Marketing Powered by SARE