Telecom companies lead the way as France becomes No. 1 investor in Poland
France has become the biggest international investor in Poland, with investm
ents that now total over $9 billion. According to figures from the Polish Fo
reign Investment Agency (PAIZ), by the end of June 2001, $8.53 billion of fo
reign capital brought into Poland had come from registered French companies.
There are currently 81 French firms officially registered here, and in addit
ion it is estimated that around 1,500 smaller companies from France have inv
ested between $500 and $550 million in Poland. According to the French Chamb
er of Commerce and Industry, Poland is now the main investment destination i
n Central and Eastern Europe. Chamber officials said they believe that the F
rench are poised for expansion on Poland's infrastructure market, mainly in
road and rail transport. However, potential targets might also include real
estate, the defense industry, and agriculture. For the time being, the bulk
of French investment is concentrated on telecommunications, trade, services
and industry. The leading French investors in Poland are France Telecom, Viv
endi, Saint Gobain, Casino, Lafarge, Alstom and Thomson Multimedia. (Rzeczpo
spolita, Oct. 13-14. p. B2) J.K.