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Poland most attractive place to invest in CEE

Staff writer |
A February poll taken by Polish-German Chamber of Commerce (AHK) among foreign businesses in Poland confirmed the country is still considered the best place to invest in Central-East Europe.

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Half of all foreign firms plan to increase employment this year. This is 17 points more than last year. Thirty-four percent of firms plan to increase investment outlays, while forty percent of firms plan to increase exports.

Thirty-five percent of the polled say Poland's economic situation is good, 56 percent say it is satisfactory, and only 13 percent say it is bad. The figures last year were 23.5 percent, 64.4 percent and 9.9 percent, respectively.

The polled firms see EU membership as Poland's largest advantage. Other factors responsible for investment attractiveness are improving infrastructure (transport, IT, communications and energy), a skilled workforce, high productivity and motivation of workers.

By contrast, the predictability of economic policy and quality of vocational training are said to have deteriorated in comparison with last year. The lowest marks are still given to the tax system and tax offices, public administration and public orders.

Investment attractiveness has been measured by 21 different factors influencing the inflow of foreign capital. Similar polls were conducted by AHK in other East-central European states and Poland scored 4.76 points on a scale of 0 to 6, beating the Czech Republic (4.04 points) and Slovakia (3.84 points). The poll was conducted among international corporations based in Poland. Replies were forwarded by 142 firms.

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