Interview with Mr. H.E. Rüdiger Freiherr von Fritsch, German Ambassador to Poland 

Germany for many years was the world’s biggest exporter. How does such a strong economy find Poland as an economic partner?

German companies regard Poland with its dynamic economic development as a premier location for their investments and as a first class trading partner. It’s not by chance that Poland is Germany’s largest trading partner throughout Central and eastern Europe including Russia. Trade exchange added up to 66,5 billion euro in 2010. German companies have invested more than 20 billion euro in Poland since 1990. There are many reasons for the fact that almost every leading German company has a representation in Poland. In addition to a stable political environment they appreciate the highly qualified and motivated workforce, the presence of reliable sub-contractors and a very competitive productivity.

Mr. H.E. Rüdiger Freiherr von Fritsch, German Ambassador to Poland

What opportunities do you find to invest in Poland?

a comprehensive survey of the Polish-German Chamber of Commerce has recently shown that Poland is the most attractive business location in Central and eastern Europe. German companies find a plethora of opportunities for investments in Poland. Two thirds of German exports to Poland are from those industries that are traditionally strong in Germany – machinery and equipment, electronic products, cars, various commodities and chemical products.

In terms of the value of foreign direct investment in Poland, German companies are in the first place. are you planning further development on our market? If so, in what areas?

Investment decisions of course are being made by companies ‒ not by governments. Nevertheless ‒ in consideration of the constant and healthy growth rates of Poland’s economy ‒ I expect a further increase of investments.

How do political relations support economic cooperation between our countries?

Politics can provide for a stable political framework. Besides the numerous actions undertaken by the EU to foster the common market, the two governments of Poland and Germany work closely together in order to create the best conditions for trade and investment. a big challenge is the improvement of trans border – infrastructure such as railway-tracks and roads. Do you find the EU Financial Pact as a necessary mean to prevent recession?

I would like to stress that there is no crises of the euro as a currency, but it is the lack of competitiveness in certain member countries that the euro zone is struggling with. Our united Europe must be able to successfully face global competition. The aim of the fiscal pact therefore is to enhance competitiveness and thus create economic growth. By the way: Let’s not forget that the EU – together with the fiscal pact – agreed on measures for “growth-friendly consolidation and job-friendly growth”. all this and prior action combined are important steps towards a stability union. They are certainly apt to restore the confidence of markets and the stability of the common currency.

About the author: Amarendra Bhushan

A journalist, author and serial entrepreneur- Founder and CEO of CEOWORLD Magazine and Lucentbyte Media Technologies LTD. (amar@ceoworld.biz)