Since the beginning of the year, the Polish Information and Foreign Investment Agency has accepted more than 60 delegations from China to visit Poland, a recently-made growth engine in the EU.
Eastern Europe is attracting new interest as labor costs have lowered and growth has been increasing steadily. According to Pawel Tynel, executive director of tax at Ernst & Young in Cracow, the company’s Chinese clientele has increased significantly in recent years.
“There will be more clients from China. We are seeing their great interest in investment in financial institutions, mining, manufacturing, and buying shares in existing companies,” he said.
Chinese foreign direct investment (FDI) to Poland has grown over the past few years. According to data from the National Bank of Poland, China invested $134.47 million in the country in 2008. Since then, investments have had stronger and weaker years, though Tynel said Poland’s strong economic growth, as well as financial support from the EU, have made the country even more attractive to investments.
