Foreign investments: Poland among the leaders

According to fDI Intelligence, last year, contribution of Poland in the total amount of foreign investment in Europe grew by 6% (compared to 3% in 2015), while the value of new investments in Poland in 2016 increased by 74%. That is the second best result, after Hungary (78%). The UK remains the European leader, with USD 34.8 bn invested by foreign companies but at the same time with the decline of the FDI value by 40% y/y. The decrease of value was also recorded in Germany (-26%), Spain (-23%) and Russia (-8%).

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PAIH president Tomasz Pisula believes, that the increasing activity of foreign investors in Poland is due to several factors: the own currency, large market and good quality of labour force in Poland. However, Pisula says, to maintain a high inflow of foreign investments, some changes in technical education should be considered. “As we wish to have more good jobs in high-tech companies, we need a better availability of talents. We should then promote professions that require technical knowledge and engineering studies. Therefore, we will be able to acquire further investments that will contribute to the innovativeness and competitiveness of the Polish economy”, Pisula explains.

PAIH data confirm a revival in investments. The Agency currently runs 185 investment projects worth EUR 4.9 bn, which lead to the creation of 56,727 new jobs in the future. In 2017, the Agency has already completed 30 investments worth a total of EUR 349 m, thanks to which 6,653 new jobs will be created in Poland. Both, in terms of the value and new jobs creation, current results are better than those achieved in the same period of last year. That might be a preview of a very successful year for investments.

fDi Intelligence is a specialist division from The Financial Times providing industry leading insight and analysis on crossborder expansion and investments. Rzeczpospolita daily is an unique Polish partner of the publication. (PAIH)