FDI likely to be significantly down from last year, according to PAIZ chief

Poland is expected to attract significantly less foreign direct investment (FDI) inflows in 2001, compared to last year's $10.6 billion, the head of the government's foreign investment agency has said. "According to our estimates, Poland's FDI inflows this year will likely fall to between $6 billion and $8 billion," head of the Polish Foreign Investment Agency (PAIZ), Adam Pawlowicz, told reporters yesterday. Pawlowicz said that more precise forecasts were likely to be presented during a news conference on September 29. Accumulated FDI inflows into Poland since the start of the market economy reforms in 1989 had reached $49.4 billion by the end of 2000. (Reuters)