Poland ranked second only to global Goliath China in 2006 in terms of attracting foreign direct investments in production and manufacturing facilities, according to a the “European Attractiveness Survey 2007” published by global consultant firm Ernst&Young.
Thanks to a highly-qualified work force and relatively low labor cost, 38 million-strong Poland also maintained its position among the globe's top ten foreign direct investments (FDI) destinations.
China was number one followed by the United States, India, Germany, Russia and Britain. A considerably smaller country than the rest, Poland ranked number seven on the list, followed by Japan, Brazil and the Czech Republic. Poland took top spot in terms of the number of jobs created by FDI in 2006 in Europe, with a total 31,115 new workplaces. Great Britain ranked second with 27,481 new jobs created by FDI in 2006. Overall the Ernst&Young study found Western Europe remained the world-leading destination for FDI in 2006, followed by China, Eastern and Central Europe, the USA-Canada and India in the top five.
Britain led the pack in Europe in terms of the number of FDI projects in 2006. It scored 686 new foreign investments, followed by France, Germany, Spain, Belgium and Poland with 152 new FDI projects. Poor transport and logistics infrastructure and a brain and muscle drain, due to the labor outflow to Western Europe since its 2004 EU entry, pose the greatest challenges to FDI growth in Poland.