Warsaw, Poland – Poland is quickly rising to become one of the most attractive destinations for foreign investors in Europe.
According to EY’s 2019 Attractiveness Survey, Poland was the sixth largest European market for foreign direct investment (FDI) last year, moving up several spots compared to the previous ranking and representing 4% of market share. In total, 272 FDI projects were secured in 2018, a staggering 38% increase compared to 2017.
EY’s Attractiveness Survey cites in particular a strong growth of FDI projects in traditional industrial sectors such as transport, chemicals, logistics and machinery, which account for nearly half of total FDI.
Tellingly, Poland was recently ranked as the sixth best country in the world to invest in this year, according to a U.S. News Index.
You can also read our interview of Beesfund CEO Arkadiusz Regiec to understand why Warsaw is one of the best cities to launch your business and dive into the bustling entrepreneurial scene of Poland’s capital.
Central and Eastern Europe as a whole rose to be considered the second most attractive region for investment in Europe, compared to only fourth five years ago.
More than 6.300 FDI projects were secured in Europe in 2018, a 4% drop compared to the previous year.
The U.K. remained Europe’s most attractive destination for foreign direct investment projects with a market share of 17%, followed by France (16%), Germany (15%), Spain (5%) and Belgium (4%). Sixth largest in Europe, Poland is ahead of Turkey, the Netherlands, Russia and Ireland.
City-wise, Paris tops the ranking as the most attractive FDI destination in Europe, followed by London, Berlin, Frankfurt, Amsterdam, Munich, Madrid, Warsaw, Barcelona and Brussels.