Despite Covid, Poland remains attractive to investors

by   CIJ News iDesk II
2020-10-23   10:27
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Despite the global economic turmoil linked to the Covid-19 pandemic, Poland has remained attractive to investors, according to Walter Herz. This is evidenced by, for example, large transactions concluded in recent months in the commercial real estate sector, as well as the uninterrupted, intense development of the country’s business services segment. Poland has attracted investments worth around $196bn over the last 20 years. In 2018 alone, the value of direct foreign investments amounted to $15.3bn, which accounted for 7 percent of all investments in Europe, according to Walter Herz. Grzegorz Slomkowski, executive vice president of Polish Investment & Trade Agency, believes that the main advantage Poland has in acquiring sector projects is primarily an educated and qualified workforce that speaks multiple foreign languages. “Another important factor is the strategic location of our country in Europe, in a time zone that allows for cooperation with companies from around the world, as well as the development of modern business-related infrastructure and an ecosystem supporting the activities of investors,’ said Slomkowski.