PUBLICATION

Global Business Reports

AUTHORS

Elouisa Dalli , Guillaume de Bassompierre

Poland Chemicals 2005

September 19, 2005

Since the fall of the Berlin wall, and the end of communist regimes in this part of Europe, Poland has been the darling of Central Eastern European Countries (CEEC) and a major recipient of foreign direct investment. Between 1989, date of the beginning of market reforms, and the end of 2003, Poland was the recipient of a total of $72.7 billion. In 2004, chemicals together with rubber and plastics totaled $868.3 million, or roughly 8.3% of total FDI received during the year. The reasons behind this interest are numerous but all quite straightforward and easy to understand. First of all factors is size. Poland is a big country with a large population (38.5 million), which, it is hoped, will soon turn into a sizeable consumer market once individual purchasing power grows to be at a par with Western economies. The second is location; Poland is blessed with a strategic geographical position in the center of Europe, with access to the sea and shared borders with a number of countries that include old EU members, new entrants into the EU and non-EU neighbors.

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