Another good year

Reinvestment reached E4.5 (zł.17) billion, 61 percent higher than in 2005. "The fact that people want to reinvest here means we are a trustworthy country," commented Anna Kamińska, vice president of the Polish Information and Foreign Investment Agency (PAIiIZ). Some 43 projects completed last year was and new investments are expected to create 15.5 workplaces.

Although it seems difficult to speculate on the exact figure for FDI in 2007, experts say it will not change dramatically. "There is no reason to expect any changes in economic conditions," opines Józef Sobota, the director of the department of statistics at the NBP.

The effects that the Euro 2012 soccer championship will have are as yet unclear "The impact may be enormous or none," said Sobota. Still, the event may ensure the complete absorption of EU funds and attract further investments.

Poland accounts for as much as 43 percent of the foreign investment in the 10 countries that joined the EU in 2004.

Some 83 percent of FDI in 2006 came from EU countries. The largest investments came from Japanese firms. The most popular sectors were electronics and the car industry, while the most attractive regions were the Lower Silesia, Mazowieckie and Kujawsko-Pomorskie voivodships.