Record year at Poland’s special investment zone
In 2021 the number of new projects in Poland's special investment zoneincreased by 92% y/y and the value of investments was up by 145%, reaching PLN 37.1 bln (EUR 8.2 bln). That created more than 16,800 jobs (186% increase y/y).
The special zones offer tax relief to draw foreign capital into the country, were set up in 2018 and, later that year, extended to the territory of the entire country.
The largest source of investment in Poland’s special zone was Germany, with a declared investment value of EUR 0.64 bln and guarantees of creating 970 jobs. That was followed by investment from South Korea (EUR 0.62 bln and 358 jobs) and the United States (EUR 183 mln and 514 jobs).
The greatest number of investments were directed to business service centres, as well as the automotive and electromobility industries.
The largest part of foreign direct investments came from reinvested profits.
Poland has become an attractive destination for investors with its sizable and resilient economy, the benefits of EU membership, competitive labour costs and quality of the workforce, as well as improving infrastructure.