92% of foreign investors, respondents of the 11th “Investment climate in Poland” survey, are satisfied with the decision to invest in Poland and would start business in Poland again. The results show that their current assessment of conditions for investment in Poland has, basically, remained at a record, last year’s level (3.7 points out of 5).
Attractive investment climate appeals to foreign companies that develop technological advancements and create jobs for high qualified staff in Poland. Majority of the investors (92%) who took part in the research, say they would start business in Poland again, if they were to make the investing decision once more. In addition, they state they would like to develop their Poland-based companies in 2018: 70% of them expect a growth in revenues, 56% consider hiring more people, and 48% of the respondents plan to increase their CAPEX. The investors’ satisfaction is confirmed by this year’s rate which stands at 3.7 points (out of 5) and is one of the highest in the survey’s history. What is worth noting is that the score is nearly equal to the last year’s peak totalling 3.72 points.
Stable macroeconomic environment alongside strong domestic demand (rated at 3.94 pts out of 5) and favourable business environment (access to components was rated 3.89 points and cooperation with local government: 3.79 pts) is what, in particular, makes Poland attractive for foreign investors, the research read. As much as 64% respondents reckon that Poland offers good and very good environment for investing, and 30% argue it is average. More importantly, only 4% of surveyed firms expressed critical opinion about it. Economic stability was ranked the highest (4.01 pts) among 26 indicators which define the investment climate of Poland. The country has been developing steadily for years and remains to perform excellent. According to Eurostat, in Q3 2017, Poland’s economy grew by 5%, whereas the EU’s and the eurozone’s – by 2.5%.
Work effectiveness, organisational culture and loyalty made into the top highest ranked indicators and each of them scored 3.77 pts. Furthermore, the respondents appreciate the quality of Poland’s infrastructure (3.74 pts) which, in their opinion, has been improving quite fast.
The research was compiled by the Polish Investment and Trade Agency (PAIH) with the support of HSBC and Grant Thornton. The report is based on a survey conducted among 76 foreign investors.