Poland is the fifth best European FDI destination

26.05.2017 //

With 5,845 new projects in Europe in 2016 (up 15%), foreign direct investment hit a new record and created 259,673 jobs (up 19%): that’s twice as many as were being created in the wake of the financial crisis – reports EY in its “Attractiveness Survey. Europe”.
In 2016, EY experts explain, international investors launched more projects in Europe than ever before. The United Kingdom remained Europe’s champion. However, Germany, with 1,063 projects, up 12%, clearly strengthened its challenge to the UK’s longstanding European FDI leadership. The rapid growth of FDI into Germany puts it on course to overtake the UK, unless the UK regains its previous rate of growth. With ongoing uncertainty around the terms of any Brexit, that could be a tough challenge.

The report also shows that by joining the top five in the numer of FDI projects, Poland has been listed among the best investment destinations in Europe. Poland attracted 256 FDI (up 21%) that jointly will deliver 22,074 new jobs to the country. In both, new investment projects and new job creation, Poland again has proven to be the leader of Central Eastern Europe. When speaking of the region, CEE remained highly competitive and attractive. The region captured 23% of FDI projects and attracted more than half of new jobs that will be created due to FDI inflow in Europe last year.

Business services and software underpin Europe’s digital transformation. The software sector was the single biggest source of FDI in Europe in 2016, launching 780 projects, up 12%, and business services the next most active (702, +46% in 2016). Together they provide 25% of European FDI.

Regarding the origins of new FDI projects, European companies together are the biggest source of the continent’s cross-border flows (56%), with German, British and French companies in the vanguard. US companies remained Europe’s biggest foreign investors, while Chinese were the third. They launched 297 FDI projects in Europe in 2016 (up 25%).

The report is available on: www.ey.com/pl/pl/newsroom/news-releases/news-ey-20170523-rekordowa-liczba-inwestycji-zagranicznych-w-polsce-i-europie

Source: PAIiZ