Lack of incentives holding back foreign investment?
According to unofficial sources, one will exceed the value of the EUR429 million LG Philips LCD production plant, which attracted six subcontractors and broke foreign investment records. The second project could turn out to be a service center of record breaking size, not just in Poland but the whole of Europe. There are a number of foreign companies interested in domestic investments, however, a lack of incentives seem to be holding them back. Since November 2005, the government has granted long term support programs to a mere five companies. Along with this, special economic zones are also lagging behind thanks to administrative issues. According to a 2006 Ernst & Young report, Poland ranked fifth in the world in terms of investment attractiveness. (Puls Biznesu, pp. 1, 6) A.K.