Wednesday, 3 August 2011

Invest in Poland

Poland is the sixth most attractive country in the world to invest in. It has climbed up from last year's 12th position. Among the Polish cities, Cracow is considered a perfect place for business.
Poland has made a great improvement in order to become an investor-friendly country, and as a result, it scores much higher in the rankings. The latest World Investment Report 2011 by UNCTAD (United Nations Conference on Trade and Development) placed Poland as the sixth most attractive country in the world to invest in 2011-2013. This is a significant promotion, given the 12th position in 2010. According to the Report, investors would benefit much more when investing in Poland than in Germany (9th position), United Kingdom (13th position) and even in Singapore (14th).

Such a great score should not come as a surprise. Currently, the risk level in Poland is much lower while savings and potential profit considerably higher than in other countries - says Adam Żołnowski, Director of PricewaterhouseCoopers Poland. This has been proved by the latest Polands ratings in the modern business services sector. In the top 10 emerging cities category, Cracow was second to none, scoring higher than Beijing, Buenos Aires, Cairo and São Paulo. This makes Cracow the best prospective city for business services.

What places Poland so high in the rankings? First of all, it is the highly educated and skilled staff and secondly, considerably low employment costs. Yet the most attractive asset that draws investors to Poland is its current political and economical stability. Until very recently, Poland had been considered equal to Hungary or Ukraine. Now these countries are not in the same pot any more, and investors have definitely noticed that. According to the Minister of Economy, after the first five months of 2011, investments reached EUR 4.2 billion. The Ministry of Economy expects that by the end of this year, this number will exceed EUR 10 billion.

The results of the UNCTAD rankings are based on the recommendations of three groups of respondents: heads of transnational corporations (non-financial), national investment promotion agencies and experts. The Report confirms the growing significance of the developing countries, which translates into smaller number of projects being performed in developed countries - in 2010, less than 50% of the world investments.

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