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New investments in SEZ up by 30% y-o-y in Q1


In the first quarter of 2012 investment activity in Poland’s 14 Special Economic Zones (SEZ) was considerably stronger than in Q1 2011, with marked improvement on all key measures, according to data collected by Rzeczpospolita.

In the three months to the end of March the zones secured 43 new investment projects worth nearly PLN 1.6bn (approx. €386m), compared with a little over PLN 1.2bn (€290m) in the same period a year ago. The investments are expected to bring 1,841 new jobs, up by nearly 600 versus January-March 2011. Just two zones have yet to attract a single project in 2012 (Lodz and Starachowice), while in seven zones the declared value of new projects is more than double its level in Q1 2011.

The Katowice zone tops the table with five large projects in Q1 worth a total of PLN 450m or €109m (i.e. more than a third of the figure for 2011 as a whole), and expected to create 530 jobs. Next comes the Pomeranian zone with two projects, PLN 298.8m or €72.1m (compared with PLN 45.5m or €11m a year earlier), and 192 jobs, followed by the Legnica zone (four projects, PLN 286m or €69m, 130 jobs) and the Walbrzych zone (four projects, PLN 133.5m or €32.2m, 116 jobs). Seventh-placed Kamienna Gora zone, with declared investments in Q1 of PLN 62.3m (€15m), has already matched (almost) its result in the entire 2011.

Whether the upward trend continues crucially depends on whether the government extends the zones’ lifetime beyond 2020, SEZ officials say.

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