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The Warsaw Voice » Business » April 26, 2012
BUSINESS & ECONOMY
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Attracting Investors
April 26, 2012   
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The value of foreign direct investment reached 9.9 billion euros in Poland last year, a 47.4 jump over 2010, according to Poland’s central bank.

The National Bank of Poland cautions the figure is a preliminary estimate and may be revised, but it is already clear that 2011 produced a major investment revival and—barring an unexpected economic cataclysm—this year should bring a similar influx of FDI.

What attracts investors to Poland is primarily its rapidly expanding economy, which grew 4.3 percent in the fourth quarter of last year. It will be difficult to maintain this growth rate in 2012; most economists expect the Polish economy to slow. However, it is still expected to expand at a much faster pace than the economies of other European Union countries.

Another factor that appeals to foreign businesses is Poland’s increasingly favorable image as a country friendly to investors. Even the usual complaints about the poor state of the country’s transport infrastructure do not undermine this image. The recently published Seventh Business Conditions Survey conducted by the Polish-German Chamber of Industry and Trade show just how much investors value Poland. The results showed 95 percent of 186 foreign investors surveyed would choose Poland again as an investment location. And it is not only investors from Germany, Poland’s main trade partner, that hold this view. The survey was conducted in conjunction with six other chambers of commerce: British, Irish, Canadian, Portuguese, Scandinavian and Swiss. Significantly, an overwhelming majority of those polled also have a very favorable perception of their Polish workers.

Once again, Poland was ranked well ahead of other countries in Central and Eastern Europe in terms of investment attractiveness, scoring the most points for individual factors determining the inflow of foreign capital. The Czech Republic, Slovakia, Estonia and Slovenia are considered to be Poland’s strongest rivals in the region in competition for foreign investment. Membership in the European Union, qualifications of Polish workers, and their motivation and productivity were the four factors for which Poland received the highest number of points this year. Poland drew its lowest scores for its tax system and administration, fiscal burdens, infrastructure and the efficiency of public administration.
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