Poland in top ten best countries for FDI in Europe

FDI in Europe has hit a new record, the latest report by EY says, with Poland ranking among the top ten countries for job creation.

“The EU should take bolder action to reverse the declining role of industry and to promote investments in advanced manufacturing, so as to drive the use of digital technologies and help European companies seize the huge opportunities these technologies offer for innovation and increased output,” Alessandro Cenderello, Managing Partner for EU Institutions at EY, wrote in a statement.

Investment appeal has been maintained in Poland and Turkey, “even if the average Polish project created 117.3 jobs, down from 130 in 2013”, EY said.

Source: EY

“Poland has become a hefty contender, benefiting from its size, gaining weight in Europe’s economy and large public infrastructure projects. Poland has become a leader in back-office activities for big corporations: shared-service and contact centres provided nine percent of FDI projects and almost a quarter of jobs created.”

The international consulting firm said that FDI inflows into Europe rose by 36 percent in 2014, the biggest increase among major regions. (rg)