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The Warsaw Voice » Business » March 3, 2014
Business & Economy
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Poland Appeals to Investors
March 3, 2014   
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The Financial Times FDI Report 2013 ranks Poland sixth in Europe in terms of attractiveness to foreign direct investment. International business analysts emphasize the stability of the Polish economy. They say Poland’s greatest strengths are the size of its market and the availability of highly skilled workers. It is also significant that the Polish economy has proven to be relatively resilient to the global financial crisis—and that Poland is the biggest beneficiary of EU funds, which has a positive impact on its economy. Meanwhile, Poles are steadily becoming richer. In 2004, Poland’s per capita GDP was 50 percent of the EU average. By 2012 this had grown to 66 percent of the EU average.

With all these trumps, Poland continues to attract new investment. One recent example is a decision by General Motors manufacturing Poland to start engine production at its plant in Tychy in the southern Silesia region. GM has announced that it plans to spend nearly 250 million euros on this new project. The first diesel engines will roll off the assembly line in 2017. GM’s decision was evidently influenced by the fact that the Tychy plant is part of the Katowice Special Economic Zone, which makes investment in this area more cost-effective and profitable.

The automotive sector employs more than 150,000 workers in this country and the GM project is important for Poland: it offers an opportunity to create new jobs and orders for local suppliers. Besides, in recent years Poland has failed to attract several foreign automotive companies, which decided to invest in neighboring countries instead. Many hope the GM project will be followed by more foreign investment in Poland.
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