"But I don't think investors will pull the plug on Poland unless Russia does something really unpredictable."
For Poland the euro zone slowdown was more of a worry. "For the Polish economy it's much more important what happens in the west, if there is no growth, stagnation and recession in the west it will take us down with the situation. Russia and Ukraine together are only about 7.5 percent of Polish exports – that's significant but not as much as (our exports to) Germany."
Sanctions in Russia and the conflict in Ukraine, coupled with sluggish growth in the euro zone have had a "chilling" effect on Central Eastern Europe, with Poland no exception.
Read MoreEastern Europe fights off sanctions 'chill'
Despite credit rating agency Moody's saying that Poland's economy had shown "resilience in times of stress" the country's gross domestic product has declined. The economy grew by 2.0 percent in 2012, but grew 1.6 percent last year, according to EU statistics service Eurostat.
Rybinski said there had been some positive effects of the sanctions on Russia, however.
"We have many Ukrainian young people flowing through the border to Polish universities, this is a positive effect of sanctions. Other positive effects are that the zloty (the Polish currency) is not very strong which is helping Polish exporters," he said.
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"We don't see any dramatic outflows of any type of investment. On the contrary, we have many companies opening new investments here. Investors are starting to perceive Poland as a stable country judged by the level of interest rates on Polish debt which is very, very low -- despite the fact that the Russian/Ukrainian situation is worsening."