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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 - PowerPoint PPT Presentation
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Business opportunities in Poland
Sławomir MajmanPresidentPolish Information and Foreign Investment Agency (PAIiIZ)
Rome, 6th April 2011
POLISH INFORMATION ANDFOREIGN INVESTMENT AGENCY
Poland - Key Facts
Area: 312 700 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. EUR 494 billion (PPP, 2009)
GDP growth: 4.8% (2008), 1.7% (2009), 3.8% (2010)
Membership: EU, NATO, OECD, WTO, Schengen Zone
ES
-0,1% PT
1,4%
FR
1,6%
BE 2,1%
NL 1,8% DE
3,6%
EE 3,1%
LV -0,3%
LT 1,3%
IT
1,3%
TR
7,5%
HU 1,2%AT 2,0%
RO -1,3%
SK 4,0%
FI
3,1% SE
5,5%
UK
1,3%
GR
-4,5%
DK
2,1%
BG 0,2%
IR
-1,0%
CZ 2,4%
NO
0,4%
PLPL
+3,8%+3,8%
GDP changes in 2010
Źródło: Eurostat
The future seems to be bright - GDP forecasts for 2011 are very favorable
0,8 1,11,5 1,6 1,8 2
2,4
4,1
0
0,5
1
1,5
2
2,5
3
3,5
4
4,5
Spa
in
Italy
The
Net
herla
nds
Eur
o zo
ne
EU
27
UK
Ger
man
y
Pol
and
Per
cen
tag
e ch
ang
e y/
y
Source: European Commission, Interim Forecast, March 2011.
Competitive Advantages
Location & economic fundamentals
strategic location in continental Europe part of trans-European transportation corridor the only country of the EU with positive GDP growth in 2009 38 million consumers
Investment incentives 14 Special Economic Zones grants co financed from the EU (EUR 90 bn)
young, well-educated work force ca 11% of university students in the EU increasing labour productivity
1. Stricter banks’ credit policies before crisis compared to other countries
2. No dynamic growth of foreign debt as in other countries
3. Financial instruments far less sophisticated as in the other countries
4. Smaller influence of stock market on the economy than in the other countries
5. Falling natural resources’ prices
6. Huge internal market
Poland is much less affected by the crisisthan neighbouring countries
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
Leverages: Human resources (I)
Source: EIU, Eurostat
Main academic centers
Szczecin
Tricity
Warsaw
Poznan
Wroclaw
Krakow
Lodz
• 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
Students in CEE
0500
1000150020002500
Poland
Romani
a
Hungar
y
Czech
.Rep.
Bulgar
ia
Slove
nia
0%
10%
20%
30%
40%
50%
18-24 25-34 35-44 45-54
English German Russian
Foreign language capability by age groups
Source: CBOS Survey
Foreign language capability among students
0%
20%
40%
60%
80%
100%
English German Russian French Spanish
Learning of foreign languages is obligatory in the Polish education system
English is the most popular foreign language in Poland
Source: Randstad, October 2008
Children learn foreign languages from the age of 6
Language proficiency is one of the strongest points for Poland as a BPO center
Leverages: Human resources (II)
Leverages: Perception (I)
Source:UNCTAD, World Investment Prospects Survey 2009-2011
Poland’s main strengths against 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: AT Kearney, 2010
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.
top 15 differences16
11
5 5 42 2 1 0 0 0 -1 -3 -6 -9
-15
-10
-5
0
5
10
15
20
Pol
and
Mex
ico
Ger
man
y
Can
ada
Aus
tral
ia
Bra
zil
Oth
erP
ersi
an
US
A
Chi
na
Vie
tnam
Fra
nce
Indi
a
UE
A
UK
Hon
gK
ong
Country2010 rank
2007 rank
Difference
China 1 1 0
USA 2 3 1
India 3 2 -1
Brazil 4 6 2
Germany 5 10 5
Poland 6 22 16
Australia 7 11 4
Mexico 8 19 11
Canada 9 14 5
UK 10 4 -6
UEA 11 8 -3
Vietnam 12 12 0
France 13 13 0
Hong Kong 14 5 -9
Other Persian Gulf countries 15 17 2
Leverages: Perception (III)
Major strengths of Poland:
- Controlled inflation/CPI
- Competitive CIT levels
- Significant internal demand
3,5
3
2
6
3,7
4,2
0 2 4 6 8
Australia
USA
Germany
Chile
Poland
Mexico
Source: Harvard Business Review Polska.
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 (%)
I. CIT exemption in Special Economic Zoneonly 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 exemptionsubject 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 Fundssubject to negotiation with different managing institutions depending on the investment project key parameters
Leverages: State aid
All above presented instruments can be combined together however the total amount of state aid cannot exceed the maximum aid intensity
Leverages: EU funds
EU support for 2007-2013
Structural instruments
(EUR 67,3 bln)
Rural Development Programme
(EUR 13,2 bln)
European Fisheries Fund(EUR 0,6 bln)
Investment in food processing, wholesale,
training for farmers and foresters
Investment in fish processing and marketing
6 national operational programmes
and 16 regional – ESF, ERDF, CF
FDI Flow to Poland – a long term view
Source: NBP.
1.6 2
.8 3.6 4.3 5
.7 6.8
10
.3
6.4
4.4
4.1
10
.2
8.3
15
.7 17
.2
10
.1
10
.0
7.5
1.4
0
2
4
6
8
10
12
14
16
18
201
99
4
19
95
19
96
19
97
19
98
19
99
20
00
20
01
20
02
20
03
20
04
20
05
20
06
20
07
20
08
20
09
20
10
I 20
11
EU
R b
illi
on
s
Long term upward trend.In 2008 and 2009 FDI flow at the same level.
2010: estimates (will be changed).
EU accession
Source: PAIiIZ, 2011
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
AutomotiveAutomotiveWhite goodsWhite goodsElectronicsElectronicsAviationAviationBPOBPOR&DR&D
Services and Manufacturing Hub in Poland
Why Poland? Recap
Availability of skilled human resources
Economic and political stability
Effective incentives system including EU-Funds
Strategic location – gateway to the EU
00-585 Warszawa, ul. Bagatela 12
tel. (+48 22) 334 98 00, fax (+48 22) 334 99 99
e-mail: [email protected]
Thank you for your attention