Poland attracts $746 million in FDI in H1 of 2007


Poland attracted 31 new foreign direct investment (FDI) projects in the H1 of 2007, primarily in the electronics sector, the Polish Information and Foreign Investment Agency (PAIiIZ) announced Wednesday.

The value of the projects totaled $746 million (€541 million) and will create up to 10,500 jobs, according to the PAIiIZ which also notes this year's half-year FDI total is a 319% increase over 2006. “The increased influx of investment in the first half of 2007 is a snowball effect of other (foreign) investment in Poland,” PAIiIZ official Iwona Chojnowska-Haponik said. She notes recent major investments by LG and Sharp in flat-screen TV and monitor factories in Poland have attracted other smaller companies specializing in related production. The list of investors includes six companies from the United States, five from Japan, three from China and three from Germany, predominantly in the electronics and research and development sectors.

PAIiIZ President Pawel Wojciechowski says attracting high tech FDI has become a top priority for Poland. The largest Central European country which joined the European Union in 2004, has attracted a total of near $90 billion (€65 billion) in FDI since shedding communism in 1989. Poland also recorded robust 7.4% growth in GDP in the Q1 of this year. (monstersandcritics.com)


Budapest Named 5th Best City in Europe for Bargain Lovers Analysis

Budapest Named 5th Best City in Europe for Bargain Lovers

Parl't approves 2023 budget Parliament

Parl't approves 2023 budget

Danubius Hotels Appoints Group Director of Development Appointments

Danubius Hotels Appoints Group Director of Development

Muni Council Organizing Meeting to Improve Air Quality City

Muni Council Organizing Meeting to Improve Air Quality


Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.