The inflow of foreign direct investments to Poland amounted to €4.72 billion in 2012 compared to €14.83 billion in 2011 – a drop of nearly 70 percent – the National Bank of Poland said in a report last week.
The drop in the total value was mostly the result of investors withdrawing from capital in transit (capital passing through Poland as part of financial transactions), the NBP said. Those withdrawals came to €4.6 billion.
The largest amounts of FDI came from Germany (€3.49 billion) and France (€3.13 billion). The largest withdrawals came from Luxembourg (€3.22 billion) and the Netherlands (€1.71 billion).
But it wasn’t only investments into Poland that nosedived. Investments from Poland into other countries also plummeted: to just €557 million in 2012 compared to €5.87 billion in 2011, the National Bank of Poland said in a separate report.
Some €529 million was invested in various debt instruments, reinvested profits amounted to €432 million and withdrawn capital stood at €404 million.
According to the NBP, if the €4.6 billion in capital in transit is excluded from the calculation, Polish foreign direct investments in 2012 would have amounted to €5.16 billion, 17 percent more than the corresponding value for 2011.
Polish investment in foreign countries mostly went to the Netherlands (€574 million) and France (€329 million). Investments were withdrawn from Switzerland (€647 million) and Luxembourg (€716 million).
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