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(last updated: 2004-09-13 14:06:24)
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Before 1989 few foreign companies operated in Poland. Today 91% of capital incoming to the country comes from OECD countries (more than $41 billion). According to the State Agency for Foreign Investment (PAIZ), 855 companies from 35 different countries had started economic activity in Poland by the end of 2000. The largest share of foreign finances is in manufacturing industry (42%). Next in line is the financial services sector (22.7%), followed by transport, logistics and data transfers (12.1%). Since the start of the 1990s enterprises from the EU have become increasingly interested in undertaking economic activity in Poland. In 1993 the value of investments from EU countries stood at about 47%, while by 2000 this had risen to 67% of all activity undertaken by foreign companies. This growth is the best advertisement for the development of the Polish economy and perfectly illustrates investors’ trust.
The list of the largest investments in Poland illustrates the scale of foreign capital engagement in the Polish economy. Further investments are also planned,for example by Flextronics (USA), Guardian (USA), Nastech (Japan) and Toyo Seal Industries (Japan). This is all the more interesting in the context of a period of global economic cooling. In 2001 in comparison to the previous year the number of investments in European countries grew by 0.5%, against about 25% in Poland in the same period (data from Ernst&Young). Poland is an attractive country for foreign investment due to its competitive labour costs, the size of its market, variety of industry and opportunities for the development of new economic entities. |
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