Polish companies are more inclined to invest abroad than they were a few years ago, venturing to markets that used to be perceived as challenging, like Belarus, as well as Asian countries, Iwona Chojnowska-Haponik, director at Polish Information and Foreign Investment Agency PAIiIZ, told Polish Radio. She also stated that Polish entrepreneurs are also looking favorably on Ukraine and Russia despite the ongoing crisis.
Kazakhstan and Azerbaijan are two examples of post-Soviet markets that Polish exporters are eyeing. Grupa Pol-Mot, a heavy machinery manufacturer, said it hopes to put its farming machines, tractors, as well as electric buses and trolleybuses on the Kazakh market. Meanwhile, Solaris Bus and Coach has recently visited Azerbaijan. Zbigniew Palenica from Solaris said that both Azeri as well as other post-Soviet markets are very interesting, albeit complicated markets, Polish Radio reported.
The largest part of Polish foreign investments are in the mining and exploration industry, with Polish mining giant KGHM in the lead. The holding launched its Sierra Gorda copper mine in Mexico in September 2014. The investment cost $4 billion. Other industries in which Polish producers are readily investing abroad are pharmaceuticals and ICT.
“We have interesting IT companies that are thinking of entering the British market,” Chojnowska-Haponik added.