47th World Economic Forum in Davos – a prelude to new investment in Poland

During the 47th World Economic Forum in Davos numerous talks with much prospects for Polish business took place. On this occasion, Polish Deputy Prime Minister and Minister of Development and Finance noted how fruitful the talks that took place during the last year’s event proved to be, as only a few months later a big investment connected with a GE and Lufthansa factory near Wrocław was launched in Poland.

Deputy Prime Minister Morawiecki announced he expects a similar effect after this year’s talks. He didn’t want to reveal the details to the public at this stage, but he stressed there were talks with representatives of various sectors – e.g. motor and financial industry. He also noted that, in his opinion, very important talks on the political and economic level took place, mentioning a fruitful discussion with the main economist of the S&P rating agency.

Deputy Prime Minister Morawiecki also took part in an informal, elite meeting of European economic leaders, such as Christine Lagarde from IMF, and EU commissaries, ministers of finance and heads of financial institutions.

During the 47th World Economic Forum in Davos development challenges that lay before Polish economy were widely discussed – both those regarding future foreign investment in Poland and the potential for creating corporate chains through inviting Polish companies for cooperation within the scope of e.g. R&D and new technologies.

Speeding technology changes obviously shape Polish business environment in a very positive way. As this year a lot of time was dedicated to the topics related to the fourth industrial revolution the effects of which will be seen not only with regard to IT in the industry but also, more generally, the entire economy. Terms such as automatization, robotization, biotechnology or nanotechnology become more familiar in Poland.

Poland is still a leader when it comes to investment attractiveness in Central and Easter Europe. For years, in the region there have been reported the biggest flow of foreign capital. Our country constitutes an ideal base for coordinating business activity in the area – the ideal location on the map of Europe allows investors for e.g. effective transport of the manufactured goods to other countries, not only European.