Poland’s investment zone breaks record in 2021, drawing in €8.2bn, as Koreans step up

Poland’s special investment zone experienced a record year in 2021. The number of new projects increased by 92% relative to 2020 and the value of investments was up by 145%, reaching 37.1 billion zloty (€8.2 billion). That created more than 16,800 jobs, marking a 186% increase on the previous year.

“Last year, a total of 713 decisions were issued to support new investments in the Polish Investment Zone,” said deputy development and technology minister Grzegorz Piechowiak on Monday.

Piechowiak noted that, despite the pandemic, “Poland remains one of the most attractive directions for the inflow of foreign investments”, increasingly in the small and medium-sized enterprise (SME) sector.

The special zones, which offer tax relief to draw foreign capital into the country, were set up in 2018 and, later that year, extended to the territory of the entire country.

According to data for between January and November 2021, published in December by the ministry, the largest source of investment in Poland’s special zone was Germany, with a declared investment value of 2.9 billion zloty and guarantees of creating 970 jobs.

That was followed by investment from South Korea (2.8 billion zloty and 358 jobs) and the United States (828 million zloty and 514 jobs).

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