Poland third best location in Europe for foreign investments - agency
Poland is the third most popular location in Europe for foreign investment, the Polish Investment and Trade Agency reported on Wednesday.
The agency reported that in 2020, it had serviced nearly 200 investment projects worth close to PLN 40 billion (EUR 8.8 billion).
"According to fDi Markets [a cross border investment monitor run by the Financial Times], Poland is the third most preferred location in Europe for foreign investments,” said PAIH CEO Grażyna Ciurzyńska. “In the first three quarters of 2020 alone, over 300 projects were announced in our country, more than in Spain and France.”
She added that only Great Britain and Germany were ahead of Poland.
According to a PAIH report, in 2020 the total value of projects supported by the agency had approached EUR 9 billion, with American and South Korean firms being especially active on the investment market.
The largest number of projects concerned the business services sector (44), e-mobility (18), the automotive industry (15), and research and development (15). It was also noted that when it comes to projects located in the Polish Investment Zone in the first half of 2020, Polish companies comprised 75 percent of their total number.
The report also said that in 2020, PAIH completed 58 projects (compared to 56 in 2019), and their value exceeded EUR 2.7 billion.
Citing United Nations Conference on Trade and Development data, PAIH stated that due to the Covid-19 pandemic, global flows of foreign direct investment fell by 49 percent in 2020 compared to the same period in 2019. A forecasted rebound is not expected to take place until 2022.