Significant increase in foreign investments in Poland

Significant increase in foreign investments in Poland

According to data from the Polish Investment and Trade Agency, in 2023 foreign companies invested almost twice as much in Poland than a year earlier.

In 2023, foreign companies invested over EUR 7 billion in Poland with the support of the Polish Investment and Trade Agency, said Marcin Fabianowicz, director of the PAIH investment department. This is almost twice as much as in 2022, when the amount amounted to EUR 3.7 billion.

The majority of last year’s amount concerns the decision of American Intel to invest EUR 4.2 billion in the Semiconductor Integration and Testing Plant in Miękinia near Wrocław. As a result, it will be the largest foreign investor in Poland. Investments in the e-mobility industry were also of great importance in 2023 – both in terms of quantity and value.

One of the largest investments in this sector was the decision to build a €1.7 billion battery materials factory in Poland. The plant is to be built by the Ionway joint venture, founded by PowerCo (part of the Volkswagen Group) and Umicore. The factory will be located in Nysa (Opole Province) in the Wałbrzych Special Economic Zone

– said Marcin Fabianowicz.

In 2023, Poland continued to enjoy the interest of the modern business services (BSS) industry, because according to PAIH, there are currently over 1,300 BSS centers operating throughout the country, which is as much as 70%. all such centers in Central and Eastern Europe. Over 300,000 people find work in the BSS sector in Poland. employees, which constitutes almost 50 percent employment in the sector in this part of Europe.

As for the forecasts for 2024, Marcin Fabianowicz emphasized that the results depend on many factors, e.g. state policy and the international situation. He also added that the result may not be as impressive as in 2023, but PAIH will want to consolidate Poland’s position as a leader in many fields.