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POLISH INFORMATION
AND FOREIGN INVESTMENT AGENCY
Monika Gąsiorowska
Seattle, March 12th 2012
WHY POLAND
Poland - Key Facts
Area: 312 700 sq km – 6th in European Union
Population: 38,12 million – 6th in European Union
Currency: Polish Zloty (USD 1 ~ 3.10 PLN)
GDP volume: USD 721 bn (PPP, 2010 6th in the EU)
GDP growth: 1.6% (2009), 3.9% (2010), 4.3% (2011*)
Membership: EU, NATO, OECD, WTO, Schengen Zone
* Central Statistical Office of Poland, forecast 2012
ES
-3,7%
PT
-2,9%
FR
-2,7%
BE -2,8%
NL -3,9% DE
-5,1%
EE -14,3%
LV -17,7%
LT -14,8%
IT
-5,1%
TR
-4,8%
HU -6,8%AT -3,8%RO -6,6%
SK -4,9%
FIN -8,4% SE
-5,0%
UK
-4,4%
GR
-3,3%
DK
-5,2%
BG -5,5%
IR
-7,0%
CZ -4,7%
NO
-1,7%
PLPL
+1,6%+1,6%
Real GDP growth rate (2009)
Source: Real GDP growth rate, Eurostat 2012
EU27: - 4.3%
USA: - 3,5%
Japan: - 5.5%Poland was a green island in the red Europe
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
+3,9%+3,9%
GDP changes in 2010
Source: Eurostat.
2009:
Poland avoided recession & experienced the highest GDP growth in Europe
2010:
developed at one of the highest pace in Europe
2011:
Polish economy growths two times faster than all EU
-1,3-1,0
0,6
-0,3-0,9
0,0 0,6
2,5
-1,5
-1
-0,5
0
0,5
1
1,5
2
2,5
3
Italy
Spain UK
Euro
zone
(17)
The N
ethe
rland
s
EU 27
Germ
any
PolandP
erce
nta
ge
chan
ge
y/y
Source: Eurostat, February 2012
EC forecast of GDP change in 2012
Source: World Investment Report 2011.
According to UNCTAD, Poland is 6th most attractive country for foreign investors in the world.
Rank 2011 (2010)
Country
1 China
2 USA
3 India
4 Brazil
5 Russia
6 (12) Poland
7 Indonesia
8 Australia
9 Germany
Most attractive countriesfor FDI
Perception
Competitive AdvantagesLocation & economic fundamentals
strategic location in continental Europe part of trans-European transportation corridor stable economic growth - the only country of the EU with positive GDP growth in 2009 38 million consumers
Investment incentives tax exemptions in 14 Special Economic Zones grants co financed from the EU (USD 110 bn)
Labor force young, well-educated work force ca 11% of university students in the EU 455 universities & high education schools language proficiency increasing labour productivity
1000 km radius
250 mn people
2000 km radius
550 mn people
41%
15%
25%
13%
1%
1%
4%
Infrastructure and Environment
Human Capital
Innovative Economy
Development of Eastern Poland
Programme of the European Territorial Cooperation (Pr. Europejskiej WspółpracyTerytorialnej)Technical Assistance
Regional Operational Programmes
European Funds - over EUR 87 bn in 2007-2013Operational
Programmes financed from the EU Funds (ca EUR 67 bn) and
Polish contribution (ca EUR 20 bn)
100%= EUR 87 bn
EU 89,7%
Other countries
10,3%
Geographical sources of FDI
Major FDI investors in Poland (FDI stock at the end of 2010, bn EUR)
Source: National Bank of Poland 2011
Cumulative value of FDI
63,5 76,6895,41
121,11 116,38 128,83 135,54 145,24
0
50
100
150
200
2004 2005 2006 2007 2008 2009 2010 2011
5 2575 5625 6125 764
9 27110 528
13 132
18 68920 394
26 817
0
5 000
10 000
15 000
20 000
25 000
30 000
Net
her
lan
ds
Ger
man
y
Fra
nce
Lu
xe
mb
ou
rg
Ital
y
US
A
Sw
itze
rla
nd
Un
ite
dK
ing
do
m
Au
str
ia
Sw
ed
en
FDI inflow to Poland (EUR bn) and its sources
Services60.2%
Electricity, gas & water3.6%
Construction2.2%
Manufacturing31.1%
Other2.9%
Services and Manufacturing Hub in PolandAutomotiveAutomotive
White goodsWhite goods
ElectronicsElectronics
Services and Manufacturing Hub in PolandAviationAviation
BPOBPO
R&DR&D
Warsaw
Aviation companies in Poland
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
State aid (I)
All above presented instruments can be combined together however the total amount of state aid cannot exceed the maximum aid intensity
14 Special Economic Zones
A special economic zone (SEZ) is a designated area in which manufacturing or distribution activities can be conducted on preferential terms
The purpose of SEZs is to support regional development
Currently, there are 14 SEZs in Poland, each consisting of several subzones
Total area of all SEZ – 20 000 hectares SEZ will operate until 2020 Permits to conduct activities in SEZ are issued by the
authorities of each SEZ Minimum investment: EUR 100,000 Possibility of including the land selected by an investor
into SEZ
Benefits from obtaining a permit to conduct activities in SEZ :
eligibility for income tax exemption – a form of regional aidplot of land prepared for an investment project, available at a competitive pricefree assistance in dealing with formalities relating to the investment project
Regional Aid Map in Poland 2007-2013
50%
50%
50%50%
50%
50%
50%
50%
50%
50%
40%
40%
40%
40%
40%
30 %
Small enterprises can enjoy maximum intensity limits increased by 20 percentage point, medium-sized companies by 10%
• Direct service and assistance to investors
• Information on legal and economic environment
• Investment offers database
• Identification of suppliers and contractors
• Contacts with central & local authorities, experts and lawyers
• Exports promotion by EU financed Project (e.g Eastern Poland project)
• Creating of a positive image of Poland abroad
The Agency
Active projects serviced by PAIIIZ (as of the end of November 2011)
As of the end of November 2011, PAIIIZ had in the project pipeline 159potential investments
• Value of investment: EUR 6 476 m
• Number of new job places: 42 199
• Main sectors:
• automotive (31)
• modern services (29)
• machinery (11)
• electronics (9)
• Major countries-investors:
• USA (43)
• Great Britain (17)
• Germany (17)
• China, Japan (11)
Source: PAIiIZ, 2011.
Why Poland?
Availability of skilled human resources
Economic and political stability
Effective incentive system including EU-Funds
Strategic location – gateway to the EU
Eastern PolandMacroregion - Macrofuture
Polish Information & ForeignInvestment Agencyul. Bagatela 1200-585 Warszawatel. +48 22 334 98 00fax + 48 22 334 98 86e-mail: [email protected]
Thank you
