Poland - a more and more Investable Country

The name of a press conference held in Warsaw last month and organized by the Polish Information and Foreign Investment Agency was ‘Poland as an Attractive Economic Partner. The greatest successes of 2006’. During the meeting the Polish Minister of Economy, Piotr G. Woźniak, not only presented major achievements and investment projects for 2006 but also concluded that the country attracts more and more investors due to significant improvements of Polish economic situation. Thus, what are the signs of such improvements and what are the proofs of recovering of Polish financial health?

As the Minister suggests, foreign investments are strictly connected with the increasing economic growth, which is predicted at 5.4% for the current year. Chances are that the value of this year’s foreign investments in Poland will exceed $10 billion. In his view, those figures support the country’s good image worldwide and its promising chances for the development. The clearest consequence of the economic growth is the decrease in unemployment rate and emergence of new workplaces. By the end of October 2006, 147 000 new workplaces had been formed, which, as the Minister observes, is the sign of the economy positively generating itself.

The growing inflow of foreign investment contributes to the increasing status of Poland as the center of audiovisual production, bordering even on leadership. Due to world leaders in electronic manufacturing, such as Sharp or LG, whose factories have already been present in the country, new technologies are being widespread and begin to be commonly used, which is extremely important for modernization of the country’s industry sectors. Andrzej Kanthak, a chairman of the Polish Information and Foreign Investment Agency, confirms that the character of the investments helps the country to obtain new useful technologies. However, new technological solutions are being introduced also owing to the increasing production of cars in the country, whose value may amount to 14 billion dollars this year, according to Financial Times.

More and more foreign investors decide on Poland as the policy of Polish government is oriented towards the assistance for the projects of those companies, who introduce new technologies, employ Polish workers and are willing to stay on the Polish market for a longer period of time. As Minister Woźniak states, they can count on the support from administration and the preservation by market.

Consequently, a great majority of the investors already present on the Polish market decide to stay and expand their activities. The reports of two major world consulting agencies confirm the high rating Poland gets, says Andrzej Kanthak and gives the instance of the ranking by KPMG, which states that 80% of investors present in Poland decide to reinvest there again and the report by A.T. Kearney, according to which Poland occupies the fifth position among the countries which enjoy the greatest trust with the investors.

There are other factors which make Poland attractive to prospective investors in Poland. The stable economic situation, the high level of education among the Polish youth and convenient location within the excellent communication net gives the country good opportunities for development and equally promising future. After years of economic regression Poland has finally got back on its feet.

Aleksandra

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Poland is still too risky to invest reasonable money without too much risk. It may change when it adapts Euro currency (but then it will be no point investing there).

love to know your explanation in making such a statement?

Fear of taking a risk?

The problem with Poland is that people who have money think it's a "golden opportunity" to invest in Poland or other countries that have recently or are going to join the EU. As the result Poland is now infected with hoards of speculators who don't care about anything but for short-term gains. They jack up the property prices in Poland. One day they move out to Romania, Bulgaria, Latvia, Estonia, even Belarus and once they do, the market in Poland crashes (since they will be willing to sell what they have and run).

TRUE Don, very true. Speculations are runing our market. Ppl have no money to buy a flat so have to move abroad, is this normal? I think not. In a normal market m2 price is 1,5 of average wage. In Poland it would be about 3,5k zloty but currently its 8k for m2. Prices will go down, maybe not soon but they will or all Poland will emigrate because of lack of place to live in.

I've been saying this from day 1, but nobody wants to listen.
I'm not saying that poles who are in for the long haul its good to get your property port folio started. I believe that property prices will bottom out in the near future, but strongly believe sought after properties in sought after locations will do pretty well. Very few people have talked about the stock exchange and in buying shops as a form of investment. (thats were the money will be)
People need to be aware of the collapse in the Japanese economy in I think the 70's as a warning.
Interesting to observe what is happening now in Romania and Bulgaria, just go to there property web sites and you will see the spin doctors at work, or are they cowboys just wanting to make a clean swap and then move on and let somebody else carry the baby ..hmmmmmmm

Its called capitalism......without it you're 1.5 million countrymen would still be at home, jobless, no prospects, no future ......in sight, miserable.........loosing money instead of making it....speculators make up a very small number of people in the market, and most of those are actually Polish...........

Wake up and smell the coffee.....or do you want to go back to pre 1989 days?

PS So posters now are tea cup readers/palmists...?

With it half of the populaton will leave.



Foreign speculations are at some areas from 30% to 70% of all buyers, including foreign pension funds and foreign investements funds.Its unfair for Polish ppl who earn 5 less money than foreigners. Try too look at it from our perspective. It was not possible to live here 20 years ago, 10 years ago and it is not possible to live now too but because of completely different reason. I sometimes wonder if Poland will ever be normal country or I just should pack my back. There are millions ppl like me who are losing hope, we want only to live, make normal living, nothing more.

ola........no one knows...

So english want to sell us again?

Don't understand...but this about

Poland...yes?...not England...

Pre 1989 happened because England sold us to Russia. I wrote about it million times here, Yawn.

Oh...that old bone............double yawn...........


Its the Russians/Germans who shafted you.....not the English, or the Americans or the French or the rest of Europe......

If the Polish so objected to the Russians........why did you never rise up against them as you did the Germans.....huh?

You logic is flawed due to your lack of historical understanding

Triple yawn..........

eh? we did, thats why we are free country now.

Plus way off topic........not commenting endlessly on the War on this thread.......ta...look to the possiblities of the future......stop whinging on the sidelines, blaming everyone else!

Lol....well lets say...for 50 years.....a bit of a hiatus wouldn't you think....ie you had accepted them......as the rest of Europe did, because the Russian bear was all powerful.

bye

Its not only our fault that ppl are running away from this country.

LOl....lol.......that goes for Greg too.....

How Bubba> Ppl run away more and more since 2004. And the most ppl moved in 2006, I predict that in 2007 even more will go.

if people dont have money to buy... rent... duh...

you think we all have money to buy in england...?

people leave their contry for many reasons...

you think that no british people leave britain...?

What is average wage in England and average price for m2 in average location?

Median earnings of full-time male employees was £487 per week in April 2006; for women the median was £387

http://www.statistics.gov.uk/cci/nugget.asp?id=285

The average house price increased by 4.60 per cent from £182,920 in 2004 to £191,327 in 2005.

http://www.landreg.gov.uk/about_us/pressoffice/notices/default.asp?art icle_id=8262

average annual wage calculated on figures above is £23244

lets say average mortgage is 4 X income then the average brit cant afford to buy property...

Don't want to stretch the friendship BubbaWoo but I suspect that ola123 will have the last laugh, your the one who claims everything is rosy in poland and when it comes to real estate the sky is the limit, I'm sorry, take off your rose colored glasses and live in the real word!~...most polish people earn a meager amount of money and this so called property boom will further make impossible for the them to enter the property market.
Or are you suggesting people from the UK will take over poland?

Well ola......its there for all to see......did tens of thousands of your countrymen take up arms to defeat the occupiers( Russians...1944-1989)...........?.....eeemmm....no...and I am not for one second blaming them...........the Russians would have killed the remains Polish population...without a second thought....

Even your religious leaders were collaborators/spies, on their own people......is that bollox too...plus another 25 were named......

So keep your offensive remarks to yourself.

Frank please settle down, what you need to understand is that Britain and the US sold out poland in the Yalta conference, also Britain did not defend Poland(physically) after it was invaded in sep, 1939.
As documents released recently, the british government knew of the horrors of the concentration camps and did nothing about it.

Lef...."settle down"...are you a teacher........lol.....

Possession is 9/10s of the law, who occupied Poland, who had 2 million troops in it, who had killed 80% of the total number of germans during the war....eeemmm...not the USA..nor the UK...but your great neighbours..the Russians.....

So wave all the bits of paper you like...........UK was broke.........the USA glad that SOMEBODY had beaten the Germans....because as sure as hell they didn't.....

So its all the UK/USA fault.........NO...

Well Well its true that russia knocked us out sometimes, but now they have them self to blaim why no country like russia.

I blame Uk/US/RU/GE/UA for everything bad in Poland.

Oh how many troops?? How long have they been out there??

Hmmm how many British troops?? How long have we been out there??