Foreign Direct Investment In Poland Hits Record $3.3 Billion

In the first quarter of 2006, Poland pulled in record foreign direct investment (FDI) worth $3.3 billion according to government figures published June 21. "Over the whole of 2006, we hope for $10 billion," said Adam Zolnowski, head of the government's Information and Foreign Investment Agency.

FDI in Poland for the all of 2005 was $7.7 billion, down from $12.8 billion in 2004.

Zolnowski said his agency was focusing on encouraging around 80 investment projects, mainly in electronics, the auto industry, accounting services and call centers. American, Japanese and European companies are interested in investing in these sectors, he added.

Poland is the fifth most attractive country for investors behind the U.S., China, Germany and India, according to a recent report by Ernst and Young presented by the Polish foreign investment agency.

Copyright Agence France-Presse, 2006

TAGS: Trade
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