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Rise in PAIiIZ-piloted FDI projects in 2010, no major upturn expected in 2011


In 2010 the Polish Information and Foreign Investment Agency (PAIiIZ) finalised 58 foreign direct investment (FDI) projects, worth a total of about €1bn and expected to bring 11,000 jobs. The number of secured projects and the number of pledged jobs both increased compared with 2009, by 30% and 5%, respectively.

The Agency estimates the total value of FDI inflows into Poland last year at €9-10bn. This is higher than the preliminary estimate of the National Bank of Poland (NBP), which puts the figure at €7.5bn, down by 24% versus 2009.

According to PAIiIZ director Slawomir Majman, it is very hard to make predictions about the level of FDI inflows into Poland in 2011, as global investment activity is still well below its pre-crisis levels. For example, foreign investment by countries that are the main sources of FDI inflows into Poland is approximately 30-40% lower than before the downturn. It is expected that global investment activity will not recover fully before 2014 or 2015. Hence it is unlikely that FDI figures for 2011 will be significantly higher than last year, the Agency reckons.

At present PAIiIZ is piloting 140 FDI projects, mainly from sectors such as automotive, IT, machinery, aviation and BPO.

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