Firms invest EUR 400 mln in Industrial Development Agency’s economic zones

Domestic and foreign companies invested in 2019 over PLN 1.7 billion (EUR 400 million) in two special economic zones managed by the Industrial Development Agency (ARP). Companies declared some 900 new jobs.

Investment reliefs were granted to 53 companies, the biggest number coming from the furniture sector, ARP wrote in a Thursday press release. Nowy Styl, known for its chairs and furniture, declared investments worth 150 million (35.3 million).

Among leading investors are also companies from the automotive sector such as Varroc Lighting Systems, a global automotive manufacturer of innovative lighting and electronics systems for cars, which will open a factory in Niemce, near Lublin, in eastern Poland at the cost of PLN 230 million (EUR 54.2 million).

The ARP noted that out of the total sum of investments declared in 2019, over PLN 1 billion (EUR 240 million) will be spent in Poland's south-eastern Podkarpackie province.

The Industrial Development Agency is a state-owned company supervised by the PM's Office. The agency supports business enterprises in the operation and development of business activity, as well as in the implementation of restructuring processes, and plays a major role in increasing the competitiveness of Polish industry.