French investors speak highly of Poland

Eighty-eight per cent of companies from France investing in Poland over the last 20 years are satisfied with their investments and 64 per cent are planning further development of their companies, says the ’20 years of French investment in Poland’ report by KPMG and the French Chamber of Industry and Commerce in Poland.

One in four companies are looking to open a new office or subsidiary in the country, while another 25 per cent is considering other investments, such as extension of existing premises or e-commerce. Almost all investors (97 per cent) would recommend Poland as a foreign investment destination to companies not operating in the Polish market.

As the third biggest investor in Poland, after Germany and the Netherlands, France’s interest and investments have been growing significantly since Poland joined the EU in 2004. In 2012, the accumulated amount of foreign direct investment from France totalled €21.9 billion, constituting 12 per cent of all FDI in Poland. The country is also one of the largest employers, with nearly 1,400 companies operating with French capital and employing some 200,000 people. French investors are mostly present in the processing industry (a third of all investments), trade (17 per cent), IT and communication (13 per cent).

France is also the fourth biggest importer of products from Poland and its fifth biggest exporter, and the mutual trade is constantly growing. Increasing from a deficit in 2004 to a surplus in 2013, Poland’s exports were worth some €10 billion, with France buying electrical goods, machines and mechanical devices and selling vehicles, as well as mechanical devices.