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PAIiIZ reports strong FDI statistics, helped by ‘record summer’


2011-08-31



The Polish Information and Foreign Investment Agency (PAIiIZ) finalised new foreign direct investment (FDI) projects worth a total of €961.8m in the first eight months of 2011. This represents an increase of 64% compared with the same period a year earlier. The average deal value surged to €27.5m from €15.8m in January-August 2010, though the number of jobs to be created rose by just 2% y-o-y to 8,296, a reflection of a growing role of service and knowledge-based projects that are somewhat less labour intensive but require higher skills, the Agency said.

In July and August alone the PAIiIZ closed nine new projects with the combined value of nearly €130m and expected to create a total of 1,667 new jobs.

The strongest-represented sectors were BPO, R&D, automotive and food industry. In terms of country of origin, the biggest number of projects were from US, Japanese, and French investors. Nearly one in three companies decided to locate in a special economic zone, slightly less than a year earlier.

As of 16 August the Agency was piloting 172 FDI projects, including 39 from US investors worth €1.21bn and with the potential to create 8,982 jobs; 18 from UK companies with the total value of €355.6m and expected to bring 6,158 jobs; and 14 from Chinese firms (€244.5m, 3,031 jobs). There are also 12 German companies, 11 from South Korea and 10 from Japan that are in talks with the PAIiIZ about investing in Poland.



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