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Polish Investment Zone: Excellent results at the end of the first quarter of 2021

09.04.2021

“In the first three months of 2021, 96 decisions were issued under the PIZ to support investments totalling over PLN 3.5 billion. This will result in nearly 4,000 new jobs,” emphasised Grzegorz Piechowiak, deputy head of the Ministry of Economic Development, Labour and Technology and government representative for foreign investment.

Polish Investment Zone logo

In the first quarter of this year, we recorded one third more projects that will be implemented in Poland and their total value is up to 89% larger compared to the same period of 2020. This also means that 3,938 new jobs will be created, which reflects a 139% (!) increase compared to declarations from the end of March last year. This means that despite the pandemic, investors do not resign from the implementation of new projects in the Polish Investment Zone. I am pleased that Poland remains for many entrepreneurs from all over the world one of the most attractive places in Europe in terms of location of investments,

- said Grzegorz Piechowiak, Deputy Minister of Economic Development, Labour and Technology.

According to data for the first quarter of 2021, the three Special Economic Zones with the highest number of support decisions received are:  Katowice SEZ, Lodz SEZ and Kostrzyn-Słubice SEZ. Between January and March this year, 40 new investments were contracted there, totalling about PLN 1.5 billion. They account for 32% of all projects initiated in the zones in the first quarter of 2021 that received support under the PIZ.

Polish Investment Zone – summary

From September 2018 to the end of March 2021, a total of 904 decisions were issued in the Polish Investment Zone, reflecting the financial support estimated at PLN 39.9 billion, At the same time, investors declared the creation of 18,700 new jobs.

Increasing participation of SMEs

The share of the Polish SMEs sector in the number of projects implemented in the Polish Investment Zone is increasing steadily. In 2020, it rose to 65% and in the first quarter of 2021, it reached 67%. The declared value of the investments for which micro, small and medium-sized companies are responsible amounted to 18% in the whole of 2020 and 27% in the first quarter of 2021, respectively

Origins of Polish Investment Zone

Polish Investment Zone was established under the Act of 10 May 2018 on supporting new investments – and Poland has thus become a uniform investment area. Since 5 September 2018, tax exemptions are available throughout the country and not only in areas (separated by regulations) belonging to special economic zones, as before. However, acting as companies, SEZs still play a key role in the PIZ system – they manage individual parts of it, advise investors and maintain an active policy of economic development of Poland.

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