For the second year running, Poland has been assessed as the most attractive country for investors among 16 Central and Eastern European states. Such are the results of a poll conducted by the Polish-German Industry and Trade Chamber and its counterparts in the remaining countries of the region among 1400 German entrepreneurs. Yet again, Poland managed to rank higher than the former leader of many years – Czech Republic.
Poland’s good economic condition and resistance to the downturn in European economy is a positively distinguishing characteristic. As much as 91 percent of respondents have assessed Poland economic condition ad good or satisfactory, with an average of 58 percent for all countries of the region in this regard. Poland’s advantages also include the availability of qualified and motivated employees, employment costs and a broad network of sub-suppliers.
94 percent of respondents would Invest in Poland again – only Estonia can toast such a good result. This is a good reason to be content, particularly considering the volume of foreign investment in world economy which is returning to level from before the economic crisis, albeit very slowly.
However, the results clearly show that Poland cannot rest on its laurels. In this year’s poll, the most criticized aspects of the situations in Poland were: the tax system and tax institutions, public administration and the unsatisfactory transparency of public procurement procedures. Employers of Poland have drawn attention to these issues many times and urged decision makers to restrict unnecessary administrative burdens on investors, so that more capital would flow to Poland and Polish companies would be more competitive.
International Affairs Specialist