Coronavirus may boost foreign investors' interest in Poland

Coronavirus may boost foreign investors' interest in Poland Leszek Szymański/PAP

The coronavirus pandemic may increase Poland's attractiveness in the eyes of foreign investors and strengthen the country's position as a regional leader in terms of foreign direct investment, the acting head of the Polish Investment and Trade Agency (PAIH) told PAP.

Grazyna Ciurzynska, who took part in the European Economic Congress in the southern city of Katowice on Wednesday, told PAP the COVID-19 crisis may "intensify nearshoring," that is, transferring business processes across the border, and increase the interest of investing in Poland in the long term.

"So Poland's position as a regional leader in attracting investment may grow even further," Ciurzynska said.

"In the coming weeks, we're going to conclude a few interesting projects, including in the e-mobility sector," she also said.

In the first half of 2020, PAIH handled investment projects worth PLN 4.9 bln (EUR 1.11 bln), nearly 60 percent more compared to the same period of 2019, Ciurzynska observed. "We have investments worth PLN 41 bln (EUR 9.28 bln) underway, the biggest sum in our history," she added.