Poland Forecasts Foreign Direct Investment Of $12.6 Billion

Oct. 4, 2006
Majority of investors are from the European Union.

Foreign direct investment (FDI) in Poland this year could reach 10 billion euros ($12.6 billion), up by more than two billion euros on 2005, a Polish central bank official said Oct. 4.

"According to preliminary data, foreign direct investment in Poland reached 4.74 billion euros in the first half of the year. Those who have predicted FDI will be at 10 billion euros by the end of the year will probably not be disappointed," bank board member Jozef Sobota said. Last year, FDI fell back to 7.67 billion euros after reaching 10 billion euros in 2004.

The large majority of foreign investors in Poland last year - 81% -- were from the EU, which Poland joined in 2004.

The head of Poland's government agency for foreign investment, Andrzej Kanthak, said there are currently 143 investment projects worth 1.9 billion euros in the pipeline, mainly in the service, electronics and automotive sectors. Japanese, U.S., British, Germany and French companies, mounted most of the projects he said.

Copyright Agence France-Presse, 2006

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