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Business opportunities in Poland

POLISH INFORMATION AND FOREIGN INVESTMENT AGENCY. Business opportunities in Poland. Sławomir Majman President Polish Information and Foreign Investment Agency (PAIiIZ) Rome, 6th April 2011. Poland - Key Facts. Area: 312 700 sq km – 6 th in European Union

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Business opportunities in Poland

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  1. POLISH INFORMATION ANDFOREIGN INVESTMENT AGENCY Business opportunities in Poland Sławomir Majman President Polish Information and Foreign Investment Agency (PAIiIZ) Rome, 6th April 2011

  2. Poland - Key Facts Area: 312700 sq km – 6th in European Union Population: 38,12 million – 6th in European Union Currency: Polish Zloty (EUR 1 ~4.00 PLN) GDP total: ca. EUR494billion (PPP, 2009) GDP growth: 4.8% (2008), 1.7% (2009), 3.8% (2010) Membership: EU, NATO, OECD, WTO, Schengen Zone

  3. GDP changes in 2010 FI 3,1% NO 0,4% SE 5,5% EE 3,1% LV -0,3% DK 2,1% LT 1,3% IR -1,0% UK 1,3% PL +3,8% NL 1,8% DE 3,6% BE 2,1% CZ 2,4% SK 4,0% FR 1,6% AT 2,0% HU 1,2% RO -1,3% IT 1,3% BG 0,2% ES -0,1% PT 1,4% TR 7,5% GR -4,5% Źródło: Eurostat

  4. The future seems to be bright - GDP forecasts for 2011 are very favorable Source: European Commission, Interim Forecast, March 2011.

  5. Competitive Advantages Location & economic fundamentals • strategic location in continental Europe • part of trans-European transportation corridor • the only country of the EU with positiveGDPgrowth in 2009 • 38 million consumers • young, well-educated work force • ca 11% of university students in the EU • increasing labour productivity • Investment incentives • 14 Special Economic Zones • grants co financed from the EU (EUR90 bn)

  6. Poland is much less affected by the crisisthan neighbouring countries • Stricter banks’ credit policies before crisis compared to other countries • No dynamic growth of foreign debt as in other countries • Financial instruments far less sophisticated as in the other countries • Smaller influence of stock market on the economy than in the other countries • Falling natural resources’ prices • Huge internal market

  7. Leverages: Size of the market • Markets served: • Internal market of 38 mn people • Unlimited access to the EU market • Strong relations with CIS and Balkan states • Stable economy: • GDP growth in Poland 1.7% vs -4.2% in the EU in 2009 • Current GDP: 3.8% in 2010, 4% in 2011 • Main growth factors: domestic demand and foreign trade 1000 km radius 250 mn people 2000 km radius 550 mn people

  8. Leverages: Human resources (I) Main academic centers Students in CEE Tricity Szczecin Warsaw Poznan Lodz Wroclaw Krakow • 20 M enterprising and multilingual young people • about 2 M students, over 400 K graduates each year • 87% of students can communicate in a foreign language • 50% of the population is less than 35 years old, 35% under 25 • (every 3rd has higher education in the 20 – 29 age group) • a nationwide network of 448 universities and technical universities Source: EIU, Eurostat

  9. Leverages: Human resources (II) Foreign language capability by age groups Language proficiency is one of the strongest points for Poland as a BPO center Children learn foreign languages from the age of 6 Source: CBOS Survey Foreign language capability among students • English is the most popular foreign language in Poland Learning of foreign languages is obligatory in the Polish education system Source: Randstad, October 2008

  10. Leverages: Perception (I) • Poland’s main strengthsagainst global competitors: • Growth of the market • Size of the local market • Access to regional markets • Cooperation with suppliers and business partners • Investment incentives system • Stable investment environment Poland is 11th most attractive investment location in the world Source:UNCTAD,World Investment Prospects Survey 2009-2011

  11. Leverages: Perception (II) • Poland – the biggest rise in comparison to the previous edition (2007); 2. place in Europe, 6. place in the world. • 50% companies postpone investment projects due to the crisis. Source:AT Kearney, 2010

  12. Leverages: Perception (III) Poland is in a group of the most attractive countries for investments –having the most favorable economic and polical environment Forecasted GDP changes in 2011 (%) • Major strengths of Poland: • Controlled inflation/CPI • Competitive CIT levels • Significant internal demand Source:Harvard Business Review Polska.

  13. Leverages: State aid • CIT exemption in Special Economic Zone • only available in Special Economic Zone (SEZ) II. Government grants through individual negotiationsindividually approved and granted by the Ministry of the Economy based on the Council of Ministers’ Resolution III. Real estate tax exemption subject to negotiation with the local authorities only in case if the investor is the owner of the building (provided by the Commune Council) IV. Cash grants available through EU Funds subject to negotiation with different managing institutions depending on the investment project key parameters All above presented instruments can be combined together however the total amount of state aid cannot exceed the maximum aid intensity

  14. Leverages: EU funds

  15. EU accession FDI Flow to Poland – a long term view Long term upward trend. In 2008 and 2009 FDI flow at the same level. 2010: estimates (will be changed). Source: NBP.

  16. PAIiIZ projects in 2010 • Number of completed projects:58 • Estimated value:EUR 973,2 mn • New jobs:10 711 • Key sectors: • BPO • machinery • electronics • Main source countries: • USA • Sweden • France In April 2011 PAIiIZ cooperates with 154 investors willing to invest EUR 6.4 bn and to employ 38 000 people Source: PAIiIZ, 2011

  17. Services and Manufacturing Hub in Poland Automotive White goods Electronics BPO R&D Aviation

  18. Why Poland? Recap Strategic location – gateway to the EU Economic and political stability Availability of skilled human resources Effective incentives system including EU-Funds

  19. Thank you for your attention 00-585 Warszawa, ul. Bagatela 12 tel. (+48 22) 334 98 00, fax (+48 22) 334 99 99 e-mail: post@paiz.gov.pl

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