Poland pulls in record 3.3 billion dollars FDI in Q1

WARSAW - Poland pulled in record foreign direct investment (FDI) worth 3.3 billion dollars (2.6 billion euros) in the first quarter of 2006, according to government figures published on Wednesday.

By (AFP)

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Published: Wed 21 Jun 2006, 7:52 PM

Last updated: Sat 4 Apr 2015, 3:25 PM

“It’s a record sum. Over the whole of 2006, we hope for 10 billion dollars,” said Adam Zolnowski, head of the government’s Information and Foreign Investment Agency.

FDI in Poland for the whole of 2005 was 7.7 billion dollars, down from 12.8 billion dollars in 2004.

Zolnowski said his agency was focusing on encouraging around 80 investment projects, mainly in electronics, the auto industry, accounting services and call centres.

American, Japanese and European companies are interested in investing in these sectors, he added.

Poland is the fifth most attractive country for investors behind the United States, China, Germany and India, according to a recent report by US accountancy firm Ernst and Young presented by the Polish foreign investment agency.

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