Poland's Tricity – essentially a metropolitan area made up of Gdansk, Gdynia, Sopot and a few smaller communities – has a rich industrial industry and a strong message for investors, but gaining recognition as a single entity has proved problematic, as Courtney Fingar discovers.
Latest articles from Poland
Warsaw hosts many of Poland’s best universities, a central district with plenty of development potential, boasts a quality of life that matches some of Europe’s most prestigious cities, and possesses abundant levels of office space, says the city’s deputy mayor, Michal Olszewski.
A start-up scene is beginning to emerge in the Polish capital of Warsaw that is not only attracting involvement from big names such as Google and Samsung, but is also persuading many of the country's young expatriates to relocate to the city.
Companies such as Citibank, Goldman Sachs and Procter & Gamble have all relocated major operations to the Polish capital of Warsaw, drawn by its human capital, large local market, easy access to regional customers and improving infrastructure. And with steady national growth forecast, more are likely to follow. Jacopo Dettoni reports.
With completions approaching record levels, rents for office space in Warsaw are falling and vacancy rates are expected to rise. However, prestigious developments in the city are capable of attracting blue-chip tenants, such as Samsung and Goldman Sachs.
After a spell as one of Europe's standout performers, Poland's FDI figures have dropped over the past couple of years. However, it appears that 2015 is going to represent a return to form for the country, with its business services and R&D industries leading the way.
FDI into Poland’s software and IT services sector declined between 2012 and 2014.
Arkadiusz Bak of Poland’s ministry of economy explains why some of the country’s smaller cities should not be overlooked by foreign investors, but stresses that these locations also have to take a more proactive approach to FDI.
While the cities of eastern Poland appear to be well located – offering access to Russia, Ukraine, Belarus and Lithuania as well as links to Warsaw – the reality for many of them is one of infrastructural shortfall, as Courtney Fingar discovers.
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