Poland #2 Behind China

Foreign investors created more than 30,000 jobs in Poland last year, more than in any other country in Europe.

11% of executives surveyed by Ernst & Young mentioned Poland as the most attractive country to invest in 2007. Poland ranked second, only behind China, as the preferred location for manufacturing investments and fifth for call centers.

Poland’s poorer ranking in terms of where to locate R&D centers and company seats, where the U.S., Germany and the UK were the clear leaders may be turning around. Poland could attract even more Foreign Direct Investment according to Jan Rutkowski of the World Bank. He said, “France's FDI per capita is higher than in Poland so labor costs are not everything to investors". Rutkowski says that in order to attract more FDI, Poland needs to reform its tax regime and streamline regulation, as well as improve infrastructure and address the growing shortage of professionals. There are indications that Poland may improve its ranking even further: FDI will reach a record-breaking EUR 11 billion this year.

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