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Polish 2006 foreign investment almost doubles to $14.7 bln

Poland attracted $14.7 billion in foreign direct investment last year, almost double the level of 2005 and in excess of the government's target of $10 billion, the state Foreign Investments Agency said.

Investments may be at the same level this year, Grazyna Sicko, deputy chairman of the agency, said at a press conference today in Warsaw. „The situation looks pretty optimistic,” Sicko said. Poland, the largest of the 10 mainly eastern European states that joined the European Union in 2004, attracted €7.7 billion ($10.2 billion) in foreign investment in 2005. (Bloomberg)