Fears that Poland, as a country directly bordering Ukraine, will become less attractive to foreign investors, have not been confirmed. Poland attracted 16 percent of projects more than last year.
According to a report by FDI Intelligence, in 2022 Poland ranked 5th in Europe in terms of the number of greenfield projects (FDI is an investment that involves the creation of a new enterprise from scratch).
493 foreign projects in Poland
In Poland, 493 projects were announced, which is 7.2 percent. of all projects of this type located on the continent (and 3% worldwide). Poland was second only to France (536), Spain (702), Germany (820) and Great Britain (1119). At the same time, it is 16 percent. more projects than in 2021, with growth across Europe of less than 1%. (15.7% in the world).
In Europe, higher growth than in Poland was observed in Turkey - 22.9 percent. and Portugal, 79.1 percent. In Germany, the number of projects decreased by 35.5 percent, and in China (by 24.3 percent), according to the latest report from the Polish Institute of Economics.
More projects but less money
Although Poland received more projects, they were less capital intensive than other top countries, Germany (21.67), Italy (24.07), Ireland (25.18), Spain (42.38) and the UK ( 101.2).
On the other hand, the importance of labor costs is clearly declining - 2.2 percent. against 7.1 percent in 2010-2014 The new trend in 2022 is the so-called megaprojects, that is, investments whose value exceeds 1 billion US dollars. An example in the Central European region is the construction of a battery plant in Hungary announced by China’s CATL. The cost of these investments is 7.48 billion US dollars. Globally, the most important sector is renewable energy, followed by energy resources - coal, oil and gas.
Source: Wprost
I am George Brown, author at Daily News Hack. I mostly cover economy news and I have been doing this for quite some time now. I have a lot of experience in this field and I’m always looking for new opportunities to learn more.
