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Polish Investment Zone: return to a path of stable economic growth

05.07.2021

218 investment support decisions were issued under the Polish Investment Zone in the 1st quarter of the current year for a total of PLN 7.9 billion. This will contribute to the creation of 5,941 new jobs – said Grzegorz Piechowiak, deputy head of the Ministry of Economic Development and Labour and the government plenipotentiary for foreign investments

Polish Investment Zone

Compared to the end of June 2020, the number of projects showed a year-to-year increase of 59% as well as an increase of 99% in investment value and an increase of 155% in the creation of workplaces.

Polish Investment Zone – operating balance sheet

The Polish Investment Zone issued a total of 1,026 decisions on support estimated at PLN 44.2 billion in declared investment value between September 2018 and the end of June this year. At the same time, investors have declared the creation of 20,703 new workplaces.

The Polish SME sector accounted for 65% of the total number of projects both in 2020 and at the end of June this year. The declared investment is 17% throughout 2020 and 22% at the end of June this year. There was an increase in the share of SMEs in job creation to 27% throughout 2020, but this has decreased to 12% by the end of June 2021.

In 2020, Eastern Polish voivodeships attracted together 106 (29%) investments for PLN 2.2 billion (14%). By the end of June this year, this amounted to 68 investments (31%) with a total value of PLN 1.9 billion (24%).

Polish Investment Zone

The PIZ is primarily an evolution in the concept of Special Economic Zones. Due to the changes introduced in 2018, the tax incentive scheme is now available nationwide. This makes it easier for entrepreneurs to attract investors to places that have previously suffered from a lack of investment capital inflows.

The amount of relief correlated, among others, with the level of unemployment in a given area, allows to facilitate sustainable development of the whole country.

 

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