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PAIiIZ closes more projects, but overall FDI activity remains weak


In the first three quarters of 2010 the Polish Information and Foreign Investment Agency (PAIiIZ) finalised a total of 37 new foreign direct investment (FDI) projects worth approximately €588m. This represents an increase of 71% in value terms, and a near-trebling in the number of projects compared with the same period a year ago. The new projects are expected to produce more than 8,000 jobs, up by 53% versus Q1-Q3 2009.

The sectors with the highest number of new FDI projects concluded in the nine months to September were BPO (9), R&D (6), machinery (5), aviation (4) and automotive (3). In terms of country of origin, the United States were the clear leader, followed by Great Britain, Germany and China.

Despite the rise in PAIiIZ-handled projects, the Agency noted that FDI inflows into Poland remained way below their levels in 2006-2007.

Indeed, latest data from the National Bank of Poland (NBP) show that overall FDI activity continued to fall in the nine months to September, with the total value of new foreign direct investments down by 32% y-o-y in Q1-Q3, to just over €5.3bn.

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