agenda i. poland - the place to be ii. foreign direct investment iii. business environment: labor,...
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Agenda
I. Poland - The Place To Be
II. Foreign Direct Investment
III. Business Environment: Labor, Infrastructure
V. Sectors of Opportunities
VI. Public Aid
IV. Global Acknowledgement
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 ~ 4.4 PLN)
GDP total: USD 422 billion (2007)
GDP growth: 6.7% (2007), ca 5% (2008)
Membership: EU, NATO, OECD, WTO, Schengen Zone
Competitive Advantages
Location & economic fundamentals
strategic location in continental Europe part of trans-european transportation corridor GDP growth twice the EU average 38 million of consumers 10% growth of retail market
Investment incentives14 Special Economic Zones over 90 bn EUR from EU
Labor force young, well-educated work force ca 2 million of university students 455 universities & high education schools increasing labour productivity
1000 km radius
250 mn people
2000 km radius
550 mn people
GDP growth• 6.7% in 2007 vs 2.9% in EU• 4.8% in 3H 2008, 5%F vs 1% in EU• 2% forecasted in Poland vs -1,8%
in EU for 2009• domestic demand - the main factor
behind the growth
Inflation (CPI) and interest rates
Source: Ministry of Finance, NBP, Eurostat 2008
Poland: Encouraging Macro-economic Picture
0
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2
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4
5
6
7
8
9
10
%
CPI NBP reference rate
0
2
4
6
2002
2003
2004
2005
2006
2007
%
EU27 Euro Zone Poland
GDP growth rate
Inflation • 2.6% in 2007 vs 2.4% in EU• 4.2% forecasted in 2008 vs 3,7% in EU• direct inflation targeting since 1999 - target of 2.5% +/-1%
0
10
20
2002 2003 2004 2005 2006 2007 2008
Poland: Falling Unemployment
Source: Central Statistical Office 2008
over 20%
11/20089.1%
Employment rate grew since 2004
by over 5% up to 56.4%
Labor Cost in Poland and OECD Countries(PPP adjusted, in thousands USD)
Czech Republic
Germany
Hungary
Mexico
Poland Slovak Republic
United Kingdom
United States
Euro area
0
10
20
30
40
50
60
70
2000 2001 2002 2003 2004 2005 2006
Source: OECD, 2006
Labour costs in CEE Region in 2006-2008
Source: EUROSTAT
Monthly labour cost per employee in EUR
0
200
400
600
800
1000
1200
1400
1600
1800
2000 2006
2007
2008QII
Agenda
I. Poland - The Place To Be
II. Foreign Direct Investment
III. Business Environment: Labor, Infrastructure
V. Sectors of Opportunities
VI. Public Aid
IV. Global Acknowledgement
FDI inflow (mln EUR) and sources
Source: NBP 2008EU
85,30%
Other 14,70%
Geographical sources of FDI inflow
10,3
6,4
4,4 4,1
10,2
8,3
15,716,6
11,2
0
2
4
6
8
10
12
14
16
18
2000 2001 2002 2003 2004 2005 2006 2007 I-XI 2008*
* Estimated
Source: World Investment Report, UNCTAD 2008
Poland as a major FDI recipient in the region:
Poland attracted ca. EUR 16 billion in 2007, the highest amount among 12 new EU states.
Poland in World Investment Report 2008
According to UNCTAD the key factors attracting FDI to Poland are:
• rapidly expanding domestic market
• flexible & skilled labour force
• solid banking system
Agenda
I. Poland - The Place To Be
II. Foreign Direct Investment
III. Business Environment: Labour, Infrastructure
V. Sectors of Opportunities
VI. Public Aid
IV. Global Acknowledgement
There are ca 1,9 mn university students in Poland
734
180
88
20
101
17
307
50
497
114
0
100
200
300
400
500
600
700
800
Humanitiesand social
Sciences ICT Engineering B&A and Law
Students
Graduates
POZNAN
WROCLAW
WARSAW
KRAKOW
LODŹ
SZCZECIN
TRICITY
KATOWICE
BYDGOSZCZ-TORUN BIALYSTOK
LUBLIN
RZESZOW
Main academic centers
Source: Polish Statistical Office 2008
Knowledge of Foreign Languages
57% Poles is able to speak at least one foreign language,
• 32% of Poles speak two, • 4% - three languages.
Similar situation in EU:
• 56% of EU citizens speak one foreign language,
• 28% - two languages.
Percentage of young Poles speaking foreign languages
Learning of foreign languages is obligatory in the Polish education system
Source: Eurostat 2006, TNS Opinion & Social (UK) December 2006, Ranstadt 2008
97%
59%
37%
22%
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
English German Russian French
7,07 7,55
11,5
22,320,319,1
15,4
0
5
10
15
20
25
2003 2004 2005 2006 2007 2008F 2009F
Passengers served by Polish airports (in millions)
Source: Civil Aviation Office
Air Transport
• Regional airports on constant rise
• Three new international airports may be created within a short proximity to the capital city of Warsaw
Agenda
I. Poland - The Place To Be
II. Foreign Direct Investment
III. Business Environment: Labour, Infrastructure
V. Sectors of Opportunities
VI. Public Aid
IV. Global Acknowledgement
Investment attractiveness of cities and regions
Best cities in terms of value for money
2007 2006
Warszawa 1 1
Prague 8 4
Paris 16 17
Madrid 10 12
London 18 28
Lisbon 3 2
Budapest 5 6
Bucarest 2 2
Berlin 4 8
Amsterdam 12 19
Source: Cushman & Wakefield, European Cities Monitor 2007
1 Warszawa
2 Kraków
3 Wrocław
4 South of Poland
5 Prague
6 Budapest
7 Sofia
8 Bratyslava
9 Tallin
10 Bucarest
Top 10 Most Cost Effective
1 Luxemburg
2 Tallin
3 Paris
4 London
5 Region Pardubice
6 Kraków
7 South of Poland
8 Villnius
9 Riga
10 Gorna Oryahovitsa
Top 10 Best Economic Potential
Source: Financial Times,European Cities & Regions of the Future 2008/09
Poland vs economies in transition from efficiency driven to innovation driven
Source: The Global Competitiveness Report 2008-2009 , World Economic Forum 2008
Reference GroupBahrainBarbadosChileCroatiaEstoniaHungaryLatviaLithuaniaPolandQatarRussian FederationSlovak RepublicTaiwan, ChinaTrinidad and TobagoTurkey
0
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4
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8Institutions
Infrastructure
Macroeconomic stability
Health and primary education
Higher education and training
Goods market eff iciency
Labor market eff iciency
Financial market sophistication
Technological readiness
Market size
Business sophistication
Innovation
Poland
Reference Group
Hungary
Sounth Africa
Turkey
Malaysia
USA
Poland
Czech Republic
Mexico
India
Thailand
Poland value for money
According to the 2008 edition of the Country Broad Index (CBI) Poland is on a high 5th ranking in group of countries value for money.
Source: Country Broad Index 2008
Poland - No.1 Location for FDI in Europe
Source: Ernst & Young, 2008;
7%
7%
8%
8%
9%
9%
10%
11%
12%
16%
18%
Czech Republic
Poland
7%
7%
8%
8%
9%
9%
10%
11%
12%
16%
18%
Italy
Bulgaria
Spain
UK
Hungary
Romania
France
Russia
Germany
Agenda
I. Poland - The Place To Be
II. Foreign Direct Investment
III. Business Environment: Labour, Infrastructure
V. Sectors of Opportunities
VI. Public Aid
IV. Global Acknowledgement
Services and Manufacturing Hub
Automotive
Metal
Machinery
Electronics
Agenda
I. Poland - The Place To Be
II. Foreign Direct Investment
III. Business Environment: Labour, Infrastructure
V. Sectors of Opportunities
VI. Public Aid
IV. Global Acknowledgement
Regional Aid Map in Poland 2007 -2013
50%
50%
50%50%
50%
50%
50%
50%
50%
50%
40%
40%
40%
40%
40%
40% till 201030% as of 2011
Warszawa City30 %
Due to relatively lower GDP level in Poland the levels of admissible state aid are higher than in most other EU countries
CIT exemption in Special Economic Zone
Real estate tax exemption
Government grants through individual negotiations
Grants available through EU Funds
All above presented instruments can be combined together however the total amount of public aid cannot exceed the maximum aid ceiling
Forms of regional aid
Special Economic Zones
• SEZ is a designated area in which manufacturing or distribution activities can be conducted on preferential terms to support regional development
• there are 14 SEZs in Poland, each consisting of several subzones
• Total area of all SEZ – 20 000 hectares • Permits to conduct activities in SEZ are
issued by the authorities of each SEZ• 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 aid• plot of land prepared for an investment project at a competitive price• free assistance in dealing with formalities relating to the investment
Governmental support system
SUPPORT FOR CO-FINANCING OF INVESTMENT COSTS
Eligible criteria: investment value of at least 160 mn PLN and at least 50 new jobs
SUPPORT FOR THE CREATION OF NEW JOBS
Eligible criteria: creation of at least 250 jobs (35 jobs in case of R&D sector and investment of at least 3 mn PLN)
Supported sectors:AutomotiveAviationBiotechnology BPOR&DIT & electronics
EU funds in Poland: 2007-2015
EU support
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
Why Poland? Summary
Great number of high potential human resources
Cost effectiveness
EU-Funds (110 bn USD for the period of 2007 -2013)
Strategic location
Short list Short list of countries, choice of
locations, detailed legal and financial analysis, investment incentives system’s analysis,
negotiations with central and local authorities, finding the potential
partners
Investment decision
Long list of countriesAnalysis of macroeconomic, social and
political conditions of the countries, general legal and financial analysis
including investment incentives system, fact finding missions
Considering of investmentStrategic corporate decision regarding new
investment, destination of investment
• Project Managers assistance• Site visits offered to investors • Providing macroeconomic and sectoral data,
information on financial incentives offered by central and local governments, Special Economic Zones and EU funds
• Assistance in obtaining financial support from the state government
• Co-operation with Special Economic Zones• Date base of suppliers and business partners• Network of Regional Investor Assistance
Centers• Real estate data base
• After-care services• Ombudsman for foreign investors
• Promotion of Poland through marketing campaigns, investment seminars, work-shops, study tours
• Investment marketing, company visits• Co-operation with Polish Embassies abroad
Agency’s offer
About PAIiIZ
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