The situation of support for research and development activities in Poland was so bad that it could only change for the better.
The Silk Road Economic Belt is mentioned at every conference about China today. Poland should make sure it is on the route.
The Polish Information and Foreign Investment Agency has just launched a project with CASS, one of China’s most important research institutes and advisory organization.
The Polish government is not the most lavish one as far as attracting FDI is concerned. According to the latest report by the Polish Foreign Investment Agency, Poland has less incentives than Bulgaria and the Czech Republic but more than Slovakia or Romania.
Our business is not to buy investments but to shape an economic map of Poland. CEFinancialObserver.eu talks to Sławomir Majman, President of the Polish Information and Foreign Investment Agency.
Special economic zones are beneficial for regions that are at intermediate stages of development. In most cases they have not added to the growth of local communities.
A stagnant European Union and growing geopolitical problems in Russia are forcing Poland to look further afield for export markets, with some success; the government’s two-year-old GoAfrica programme has boosted trade with Africa by 25%.
Reports of international experts warn of a slump in investments, but despite the sanctions, foreign companies in Russia are expanding or beginning new projects. It is true, the inflow of capital is lower, but it has not dried up.
Poland is once again changing the rules of operation of Special Economic Zones. After the recent proposals of the Ministry of Economy, some experts predict their revival. Especially after Prime Minister Donald Tusk recently declared support for investors. Permanent state aid may be criticised, but it is a path followed by almost all countries.
Even if the investment wonder of Budapest is only an aberration in statistics, Poland could learn a lot from its fellow state. Hungary has developed a number of solutions that encourage enterprises to invest capital in the country. It is worthwhile to follow in their footsteps.