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The Warsaw Voice » Business » September 30, 2011
Business & Economy
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September 30, 2011   
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During two months over the summer holidays, the Polish Information and Foreign Investment Agency (PAIiIZ) says it managed to attract nine new investors who decided to locate their investment projects in Poland. The overall value of their projects is 130 million euros and the number of new jobs which the projects are expected to generate in the coming years totals 1,667.

Despite the current uncertainty in the global economy, which is hampering the development of companies around the world, the agency says it currently has more investment projects in the pipeline than in the same period last year. This is largely due to Poland’s investment appeal, the agency says. The value of projects successfully “closed” by the agency in the first eight months of the year rose by 64 percent, from 585.5 million euros in 2010 to 961.8 million euros in 2011. Also the average value of a single closed project rose substantially, the agency says. It now stands at 27.5 million euros vs. 15.8 million euros in 2010. The number of jobs created by projects supported by PAIiIZ rose by 2 percent, from 8,158 in 2010 to 8,296 in 2011. The growth in the number of jobs may not be particularly impressive, but it has a lot to do with a change in the nature of investment projects located in this country. Today Poland attracts more projects from knowledge-intensive sectors such as business process outsourcing (BPO) and research and development (R&D), where jobs tend to be less numerous but create employment opportunities for highly-qualified specialists.

In the first eight months of this year, it was BPO, R&D as well as the automotive and food industries that accounted for the largest number of closed projects, the agency says. In 2010, projects were located mainly in BPO, R&D as well as the machine and aviation industries. This year projects have come mainly from the United States, Japan and France (compared with the United States, Sweden, Britain and South Korea last year). Nearly a third of all investors, slightly less than last year, decided to invest within special economic zones.

As of mid-August, the Polish Information and Foreign Investment Agency said it was busy supporting 172 investment projects, including 39—the highest number—by investors from the United States. The American projects being served by the agency are worth a combined 1.21 billion euros and are expected to generate a total of 8,982 jobs. The runner-up is Britain with 18 projects (355.6 million euros and 6,158 jobs), followed by China (14 projects, 244.5 million euros, 3,031 jobs), Germany (12 projects), South Korea (11 projects), and Japan (10 projects).
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