Thursday, June 18, 2020

Poland Is Again a "Green Island"

Image: Puls Biznesu (Pulse of Business)
Investors' moods are the worst in history, foreign investments fall "head-over-heels" but, among the countries that have fought against COVID-19, Poland has the most investments.

Only a few countries managed to increase the inflow of foreign direct investment (FDI) projects in the first four months of this year. They include Poland, which is in the first place in terms of the number of announcing investments: from January to the end of April there were 165 (compared to 145 a year ago) - according to data from fDi Markets, an analytical company of the Financial Times group.

FDi Markets analysis also considers real estate projects. They constitute the main part of investments in Poland, but growth was ensured by projects from the renewable energy industry. From January to the end of April, 16 were announced, among others, by companies such as Danish Vestas and German Innogy SE and RWE Renewable.

- The crisis caused by the coronavirus may exacerbate the phenomenon of reshoring, i.e. the return of production to home countries close to target markets. Due to quite optimistic forecasts of a slight decrease in Polish GDP this year and a relatively quick rebound in the future, interest in investing in Poland will increase, '- believes Grażyna Ciurzyńska, President of the Polish Investment and Trade Agency (PAIH).

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