Polish companies invested a record PLN 31.8 billion (EUR 7.38 bn, USD 8.65 bn) abroad last year, more than in the previous three years combined, according to the country’s central bank.

Luxembourg, Cyprus, Switzerland and the Czech Republic were the most popular destinations for Polish direct investment abroad, the National Bank of Poland (NBP) said.

Meanwhile, foreign direct investment (FDI) in Poland totalled PLN 54.9 billion (EUR 12.73 billion, USD 14.95 billion) in 2016, down from PLN 57.6 billion (EUR 13.37 billion, USD 15.67 billion) a year earlier, the NBP reported.

The Netherlands and Germany ploughed the most FDI into Poland last year, the central bank said.

(gs/pk)

Source: money.pl, NBP