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Foreign investment set to grow in Poland: PM in Davos

18.01.2023 14:00
Poland’s prime minister has said that his country will continue to attract many foreign companies this year, after a spike in foreign direct investment in 2022.
Mateusz Morawiecki.
Mateusz Morawiecki.PAP/Radek Pietruszka

Mateusz Morawiecki made the statement during the World Economic Forum in Davos, Switzerland, on Wednesday, Polish state news agency PAP reported.

Speaking to reporters at the Polish House venue in the centre of Davos, Morawiecki said: “Last year, we witnessed a sizable growth of foreign investment in Poland.”

He added: “All the evidence suggests that this growth will continue this year. Such are our forecasts for the year 2023.”

Poland’s 2022 FDI hit record EUR 3.7 bn: officials

The state-run Polish Investment and Trade Agency (PAIH) announced this week that foreign direct investment in Poland totalled EUR 3.7 billion in 2022, the PAP news agency reported.   

This represents an increase of EUR 200 million on the previous year, PAIH said, adding that Germany, Switzerland and Japan were the leading foreign investors in Poland last year.  

Investment projects from abroad created some 14,000 new jobs in the country in 2022, the agency reported. 

Deputy Development and Technology Minister Grzegorz Piechowiak told reporters that Poland "has now recorded the highest-ever levels of foreign investment for two years in a row."

Germany leads the way

He added: “Germany led the way, investing more than EUR 1.4 billion in our country.”

Piechowiak also said that the perception of Poland among foreign companies was changing. 

He stated: “Poland is no longer a country that offers a low-paid workforce. We are developing highly-qualified personnel, particularly among engineers and in the research and development sector.” 

According to Piechowiak, Poland is also becoming “a temporary hub" for companies that previously invested in Ukraine.

He added that some of these firms would likely stay in Poland until the end of the war in Ukraine, “but perhaps some of them will remain in Poland for longer, or for good.”

The 2023 World Economic Forum, attended by decision makers including Poland's President Andrzej Duda and Deputy Prime Minister Jacek Sasin, runs until Friday.

Wednesday is day 329 of Russia’s war against Ukraine. 


Source: PAP, propertynews.pl