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The Warsaw Voice » Business » February 23, 2012
Business & Economy
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Poland Attractive to Foreign Investors
February 23, 2012   
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The Polish Information and Foreign Investment Agency (PAIiIZ) says the number of deals it signed with foreign investors in the first quarter will likely increase, or at least remain at the same level as in the first three months of last year.

Marek Łyżwa, PAIiIZ vice-president, said the agency may soon finalize several large projects. “Among them are projects worth more than zl.100 million,” he added. Germany, Japan, South Korea and India are the main sources of foreign direct investment (FDI) in Poland. “Investors will be the most active in the automotive sector, modern BPO services, and in the machine building industry,” Łyżwa said.

A survey by polling company TNS Pentor of investors who use PAIiIZ services found that Poland is still perceived as an attractive investment location, but faces strong competition from other European countries, especially the Czech Republic, Slovakia and Hungary. Other emerging markets such as Russia, Ukraine, China, India, Bulgaria, Romania, Turkey and Brazil are also competing with Poland for foreign investment.

“A well-educated and skilled work force is the main factor which makes investors choose Poland, but investors also point to employment costs, lower than in developed countries,” said Pentor vice-president Jerzy Głuszczyński.

Poland’s advantages also include its location, which provides access to the markets of the European Union and Russia, its stable economic and political situation, its special economic zones and government subsidies.

PAIiIZ projects that this year FDI inflow to Poland will remain at the same level as 2011 or slightly higher. Last year the agency finalized 53 projects with a combined value of almost 1.2 billion euros. Investment projects finalized by PAIiIZ usually account for 13-15 percent of all FDI flowing to Poland in a given year. This indicates that the total value of FDI for 2011 should exceed 10 billion euros.
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