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POLISH INVESTMENT AND TRADE AGENCY

POLISH INVESTMENT AND TRADE AGENCY. Bus i nes s oppo rt un iti e s in Po l an d. Iwona Chojnowska-Haponik Director Foreign Investment Department Hague, April, 2017. V alue p r oposition. M a tu re b i n ess e n v ir on me n t v a ri ety of m nufact u ri n g secto r s. u. s.

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POLISH INVESTMENT AND TRADE AGENCY

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  1. POLISH INVESTMENT AND TRADE AGENCY BusinessopportunitiesinPoland Iwona Chojnowska-Haponik Director Foreign Investment Department Hague, April, 2017

  2. Valueproposition • Matureb inessenvironment • variety ofm nufacturingsectors u s • Location & economic stabilit • strategic location in Europ • part of tran -European transportation corridor • stable economic situ tion • rapidly growing inter al market y a e • dense networ subcontractors • thriving business of suppliers and k s rvices sector se a • availability of clu ters, industrial and technology par • well developed R&D nfrastructure s n k s i • Investment support ecosystem • CIT exemptions in 14 Special Economic Zones • local tax reliefs • government grants • EU grants for R&D • Facilitators on central & local level Attractivelabor maket r • young, well-educat • ca 10% of universit the EU • language proficiency workforce e d students in y • increasinglaborproductivit • strongworkethics y

  3. Strategiclocationandeconomicfundamentals Poland–keyfacts Area,populationandeconomy 6thlargestcountryin theEU PolishZloty(1USD~3.9PLN,1EUR~4.3PLN, 4-yearstandarddeviation: 8%) Currency GDPgrowth CumulativeGDPgrowth2010/2016 19.4% vstheEU: 7.4% USD 1,045 billion (PPP, 2016) – IMF (25th in the world) USD 27,107 (PPP, 2016) – IMF GDP(PPP) GDPper capita exportEUR183.6bn(+2.3%) importEUR178.9bn(+0.9%) Foreigntradein2016 LargestEU fundsbeneficiary EUR100bnin years2014-2020 Lowpublicdebt(2015) 51.1%oftheGDP v.theEUaverage85.0% FDI stockas oftheendof 2015 EUR167.1bn Membership WTO(1995),OECD (1996),NATO(1999),EU (2004) Source:IMF,World Economic Outlook,March2017

  4. Stableeconomicsituation • GDPgrowthin2016: Poland2.8% vs.EU1.9% • QuarterlyGDPgrowth(y-o-y)inPolandvs.EU(in%) 5,0 4,0 3,0 2,0 1,0 0,0 4,3 3,8 3,8 3,3 3,3 3,2 3,1 3,1 3,1 2,9 2,8 2,1 1,92,31,9 2,0 2,2 1,9 1,8 1,8 1,8 1,7 1,6 1,3 1,3 1,2 1,3 1,0 0,7 0,2 • EU Poland • Inflation • Maindriversofeconomicgrowth • netexports • domesticdemand • investments Source:Eurostat,tec00115,namq_10_gdp,teicp000,March2017

  5. EuropeanCommissionForecast–Winter2017 Source:https://ec.europa.eu/info/publications/economy-finance/european-economic-forecast-winter-2017_en,March2017

  6. Unemploymentrate 01/2017:8.6% 1,397,000 Poland,Q42016 Pomorskie 7.3% Warmińsko- -Mazurskie 14.2% Zachodnio- -Pomorskie 11.0% 20 Podlaskie 10.4% Kujawsko- -Pomorskie 12.1% 10 Mazowieckie 7.2% Lubuskie 8.7% Wielkopolskie 5.0% 0 Łódzkie 8.6% Lubelskie 10.4% Dolnośląskie 7.3% Eurostat:Poland5.4%vsEU 8.1% (asof January2017) Świętokrzyskie 10.8% Opolskie 9.0% Śląskie 6.7% Podkarpackie 11.6% Małopolskie 6.7% 11%> 8–11% <8% Source:CentralStatistical Office, Eurostatteilm020,March2017

  7. Humanresourcesavailability PopulationofCEEcountries(%) PopulationbyageclassesinPoland(%) 65+ 15% 50-64 21% 100% 90% 80% 70% 60% 50% 25-49 37% 40% 30% • 15-24 • 12% • 0-14 • 15% • Polandisthe6thlargestcountryintheEUinterms • PolandisthebiggestcountryamongCEEmembers • 64%ofpopulationisyoungerthan49 years old • 10.4mPolesarelessthan25years old • Secondlowest medianagein CEE-39.6years old 20% Population by age classes CEE countries (m) 25 20 15 10 5 - 10% 0% 25-49 15-24 0-14 ofpopulation oftheEU Source:Eurostat demo_pjangroup,demo_pjanind,March2017

  8. Humancapital Academic centers TRI-CITY OLSZTYN SZCZECIN BIALYSTOK BYDGOSZCZ/TORUN Intern 24mnpeopleaged49andless(64%)Almost1.41mstudents(2015/2016)Morethan395,000graduates(2015) WARSZAWA POZNAN Over57,000foreignstudentsfrom156countries(4%ofallstudents) ZIELONAGORA LODZ LUBLIN No.ofstudents (thousands) WROCLAW 201> 151– 200 101– 150 51 –100 50 < Morethan90%ofstudentsspeakforeignlanguages KIELCE OPOLE KRAKOW RZESZOW Populationwithhighereducation:25%insociety,37%ofworkingpopulation KATOWICE 438highereducationinstitutions19universities 25technicaluniversities72academiesofeconomics728differentmajorstaught ational recognition Growingnumberofsciencestudents Source:CentralStatistical Office,BDL, Ministryof Science&HigherEducation,March2017

  9. Foreignlanguagecapabilities Foreignlanguagecapabilitybyage groups Learningof foreignlanguages is obligatory in the education system Polish Children learn foreign languages from the age of 6 Foreignlanguageamongstudents English is the most popular foreign language in Poland Language proficiency is one of the strongest points for Poland as a BSS hub Source:EuropeanCommission’ssurvey,October 2013,Hays,2015

  10. AchievementsofPolishstudents ACN International Collegiate Programming Contest is an annual multi-tiered competitive programming competition among the universities of the world. The contest is sponsored by IBM. 2012 held in Poland, Team from University of Warsaw took 2nd place beating 110 teams Microsoft Imagine Cup is a global competition focused on finding IT solutions to real world issues In 2012 students from Technical University in Gdansk and Adam Mickiewicz University in Poznan took the 2nd and 3rd place respectively. Since then Polish teams always among World Finalists Every third student doing internship in Microsoft HQs in Redmond (USA) comes from Poland 2011: Polish team from University of Silesia is a special winner of Samsung Application Contest 2005 – 1st place ; 2011 - 3rd place; 2012 - 1st place ; 2013 – 10th place ; 2015 – 4th and 7th place Results of past editions give Poland 4th place in general classification of countries behind Russia, Belarus and Japan. Poland won 3x 2nd place and 1x 3rd place Source:www.microsoft.com,www.us.edu.pl

  11. Road&railinfrastructure Source:MinistryofTransport,Construction and MaritimeEconomy, March2017

  12. Airportinfrastructure Mapofairports GDAŃSK SZCZECIN BYDGOSZCZ MODLIN POZNAŃ WARSZAWA  ŁÓDŹ LUBLIN WROCŁAW KATOWICE KRAKÓWRZESZÓW Overseas flights European flights Numberof passengersservedbyPolishairports:34mn(+12%) 15 12,8 mn 10 5,0 4,0 5 3,2 2,9 2,4 1,7 0,7 0,5 0,40,3 0,2 0 Source:The CivilAviationOffice,airports’webpages,March2017

  13. FDIstockinPoland • The cumulative value of Foreign Direct Investments in Poland amounted to • 167.1 bn EUR as of the end of 2015 • In 2015 the flow of FDI into Poland Geographical sources of FDI as of the end of 2015 UE 94.6% exceeded12.1bn EUR (reinvested gainsconstituted60%oftheFDIflow) other countries 5.4% 35 30 25 20 15 10 5 0 30,3 Major FDI investors in Poland (FDI stock as of the end of 2015, in bn EUR) 27,4 19,317,9 10,2 9,2 8,5 6,3 5,8 5,1 4,9 4,2 3,8 3,2 2,9 1,8 1,5 1,1 1,0 0,8 0,7 0,6 0,6 Source:NationalBankof Poland, November2016

  14. FDIstockinPolandasoftheendof2015 FDI by manufacturing sectors (bn EUR) FDI preferred sectors (%) ICT Motor vehicles& other transport equipment Manufacturin g 29% Construction 5% 10,3 5% Professional, Scientific & Technical Activities 6% Other 11% Food & tobacco products; beverages and tobacco products 10,2 Real estate activities 7% Metal &machineryproducts 9,7 Financial and insurance activities 23% Wholesale and retail trade 14% Petroleum, chemicals, pharmaceutical products, rubber & plastic products 9,7 Wood, paper; printing and reproduction of recorded media 5,0 0 2 4 6 8 10 Source:NBP,November2016

  15. Dutchinvestors-keycharacteristics wavin.jpg Keyfacts Examplesof Dutchinvestors Dutch cumulative direct investment in Poland totalled EUR 30.3 bn as of the end of 2015 the Netherlands is 1st largest investor in Poland share of Dutch investment in the stock of FDI in Poland represents 18% 2,523 enterprises with Dutch shareholding (as of the end of 2015) operate on the Polish market of which 559 have invested over USD 1 m companies with Dutch shareholding employ directly over 120,000 people 54% of all Dutch capital was invested in Mazovian region, 13% in Wielkopolskie and 7% in Silesia Dutch companies have invested 41% in manufacturing type of operations, 10% in trade and 8% in BSS Dutch cumulative direct investment in Poland totalled EUR 30.3 bn as of the end of 2015 the Netherlands is 1st largest investor in Poland share of Dutch investment in the stock of FDI in Poland represents 18% 2,523 enterprises with Dutch shareholding (as of the end of 2015) operate on the Polish market of which 559 have invested over USD 1 m companies with Dutch shareholding employ directly over 120,000 people 54% of all Dutch capital was invested in Mazovian region, 13% in Wielkopolskie and 7% in Silesia Dutch companies have invested 41% in manufacturing type of operations, 10% in trade and 8% in BSS Source:CentralStatistical Office, NationalBank of Poland, March2017

  16. ServicesandManufacturingHubsinPoland AUTOMOTIVE AUTOMOTIVE HOUSEHOLDAPPLIANCES HOUSEHOLDAPPLIANCES ELECTRONICS ELECTRONICS

  17. ServicesandManufacturingHubsinPoland AEROSPACE AEROSPACE BUSINESS SERVICESSECTOR BUSINESS SERVICESSECTOR R & D R & D

  18. CorporateincometaxratesacrossEurope Bulgaria Ireland Latvia Lithuania Romania Slovenia Ukraine Poland Czech Rep. Hungary UK Estonia Finland Sweden Slovakia the Netherlands Spain Germany France Belgium 10,0% 12,5% 15,0% 15,0% 16,0% 17,0% 18,0% 19,0% 19,0% 19,0% 20,0% 20,0% 20,0% 22,0% 22,0% 25,0% 25,0% 29,7% 33,3% 33,99% Source:KPMG,2017

  19. RegionalstateaidinEU –formsofincentives • Cash support • Government grants • Cash grants - EU Funds for R&D projects Tax breaks • CIT exemption – SEZ/relief for R&D • Real estate tax exemption

  20. Governmentgrants–prioritysectors Programofsupportofinvestmentsof considerableimportanceforPolisheconomy Purpose ofsupport • development ofinnovativenessandcompetitivenessofPolisheconomy Result ofsupport • 77programmessupportinginvestmentsworth13.6bnPLNandcreating • 27.8thousand newjobplaces

  21. KeyfactsaboutEU fundsforR&D&I Operational Programs co- financed by structural funds (82.5 bn EUR + national contribution) • The main financial instrument supporting R&D&I is the Operational Programme Smart Growth (PO IR): the programme is nationwide and focuses on supporting key R&D&I projects enhancing cooperation between businesses and academic centers • Innovations are also supported through other regional programmes: • Regional Operational Programmes: each its own list of smart voivodship has specializations implementation defined (KIS) and will support of innovative projects in line withregionalKIS • Eastern Poland Operational Programme: funds will be distributed to innovative projects completed in the macroregion of Eastern Poland by cooperating companies 6OperationalPrograms(55.3%) 16RegionalOperationalPrograms(37.9%) Source:NCBR,Ministryof Economy,MinistryofInfrastructureandDevelopment,January2016

  22. RegionalLeaderinBusinessFriendliness 74 55 2017 45 41 39 36 33 32 27 25 24 24 „Every region has a leading champion in the scope of improvements made since 2005 — whether Poland for OECD high-income economies, China for East Asia and the Pacific or Colombia for Latin America and the Caribbean.” Source:DoingBusiness 2017,2016, 2015,2014,2013,2012,World Bank

  23. Poland–asafebet • Would you choose the country as a location for investment once more? • YES NO • 95% • 93% • 92% • 91% • 90% • 88% • 85% • 84% • 83% • 81% • 80% • 80% • 80% • 75% • 72% Poland Estonia Czech Rep. Romania Serbia Lithuania Slovakia Bulgaria CEE Slovenia B&H Croatia Hungary Macedonia Latvia 5% 7% 8% 9% 10% 12% 15% 16% 17% 19% 20% 20% 20% 25% 28% Source:Economictrendsin CEEin2016,AHK,n=1508

  24. WhyPoland–Summary Availabilityofskilledhumanresources Strategic location and strong economic fundamentals Mature businessenvironment Effective incentivessystem

  25. Howcanwehelpyou? Investmentprocess Agency’soffer • Pro-active approach: identifying the needs of the companies • investment seminars, work-shops, study tours • co-operation with Polish Embassies/Trade Offices Considering of investment Direct marketing • Professional services: dedicated Project Manager’s assistance • macroeconomic and sectoral data • business case building, site visits • real estate offers: the best possible location Long list of countries • One-stop-shop: implementation assistance • financing options from Polish Development Fund, investment incentives: grants, Special Economic Zone Short list • • database of suppliersand subcontractors • Antibureaucratic concierge: after-care services • spokesman for foreign investors, business climate improvement Investmentdecision

  26. ActiveprojectsservicedbyPAIiH • As ofMarch2017,PAIiIZ is assisting191potentialFDIprojects: • Totalvalueofinvestment:EUR5.1bn • Totalnumberofnew workplaces:55,100

  27. WelcometoPoland! 00-585 Warszawa, ul. Bagatela 12 tel. (+48) 22 334 98 75 e-mail: invest@paiz.gov.plwww.paiz.gov.pl

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