The Institute for Market, Consumption and Business Cycles Research (IBRKK), Poland, and the Vale Columbia Center on Sustainable International Investment (VCC), a joint center of the Columbia Law School and the Earth Institute at Columbia University in New York, are releasing the results of a survey on outward investors today. The survey is part of the Emerging Market Global Players (EMGP) Project focused on the rapid global expansion of multinational enterprises (MNEs) from emerging markets. The present survey, conducted in 2011, covers the period 2008-2010.

The 25 leading non-financial Polish multinationals ranked by foreign assets (see table 1 below) show nearly USD 12 billion in foreign assets, USD 21 billion in foreign sales and more than 24,000 employees abroad. Slightly over half of foreign assets in table 1 belong to the top-ranked Polish multinational, PKN Orlen, which is also number one in foreign sales. In terms of foreign employment, it was overtaken by Asseco, which became the runner-up on the list of Polish investors abroad.

The ranking for 2010 shows changes from the 2009 ranking: 3 some of the firms improved their standings, whereas others slipped down. Moreover, seven new Polish multinationals were added to the list.

The level of internationalization varies among the top 25, but the value of the Transnationality Index (see column “TNI” in annex table 1) exceeded 50% only for three of them.

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