Last year, more than half of the companies recorded a decrease in revenues compared to 2019 by at least 25 percent – results from the EY study. Due to the pandemic, many of them have abandoned planned investments and are approaching new ones with caution. Paradoxically, however, investments are often an opportunity to deal with a crisis faster and for dynamic development of the company. They also bring benefits to the entire economy, incl. increasing exports. The support of state institutions is of great importance for the company's decision to expand abroad. The development of Polish companies is attended by, among others, Foreign Expansion Fund managed by PFR TFI. Recently, its offer has been used by, inter alia, Polish developers, and the company Rainbow Tours.

"By drawing conclusions from the economic phenomena accompanying the pandemic, Polish companies can start looking for new directions for their investments and more and more often use business opportunities abroad. By shortening or diversifying global supply chains, you can reduce the risk of their break. Foreign investments in various destinations may also minimize the risk. related to investing funds in only one country," Piotr Kuba, member of the management board of PFR TFI SA, which manages the Foreign Expansion Fund, indicated.

The current uncertain economic situation forces companies to make more cautious investment decisions. As a result, according to UNCTAD data, in 2020 the value of global foreign investments fell by 42 percent y/y, reaching the level of $859 billion. This result is 30 percent lower from the level of investments in 2008-2009, that is, from the time of the economic crisis. Despite this, according to analysts from the consulting company PwC, foreign direct investments will play an important role in the recovery of the Polish economy after the crisis caused by the Covid-19 pandemic.

(Newseria)