The Polish government needs to fix the public procurement and tax law, bolster vocational training and improve relations between state and private investors in order to keep on attracting foreign investment, according to a report on FDI barriers by the FDI support agency PAIiIZ, prepared in cooperation with HSBC Bank Polska and Grant Thornton.
Special economic zones and governmental grants carrying a 2020 expiry date no longer suffice to attract investors. What foreign investors identify as Polish incentives are: new infrastructure, economic stability and access to qualified, efficient staff.
Meanwhile, the government wants to establish two new agencies: an export agency and a development agency, which would incorporate existing government institutions.
Namely, the new exports agency would incorporate PAIiIZ, a portion of the enterprise development agency PARP, as well as select departments of the Development and Foreign Affairs Ministries, the daily Rzeczpospolita wrote.
The Development agency would, in turn, coordinate the works of a number of institutions including PARP, special-purpose bank BGK, industry restructuring agency ARP as well as the R&D centre NCBiR.