republic of poland ib
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Doing Business in Poland: An Overview. International Business Course Fall 2010TRANSCRIPT
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3 Reasons why you should do business with 3 Reasons why you should do business with Poland?Poland?
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Good Vodka…Good Vodka…
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Beautiful Women…Beautiful Women…
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And of course a good economy…And of course a good economy…
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Republic of PolandRepublic of PolandBy Tomasz Gliszewski
Vienna, Austria Fall 2010
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General InfoGeneral InfoArea: 312,683 sq. km.Population (2009): 38.1 million.
Gdansk (455,700)
Warsaw (pop. 1,706,600)
Lodz (753,200)
Krakow (756,600)
Wroclaw (632,900)
Poznan (560,900)
Russia
Czech Republic
Germany
Slovakia
Lithuania
Belarus
Ukraine
Baltic Sea
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DemographicsDemographicsEthnic groups: Polish 98%, German, Ukrainian, Belarusian, Lithuanian.Religions: Roman Catholic 94%, Eastern Orthodox, Uniate, Protestant, Judaism. Language: Polish.Education: Literacy 98%.
Info from www.state.gov
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GovernmentGovernmentType: Republic.Branches: Executive--head of state (president), head of government (prime minister).Legislative--bicameral National Assembly (lower house--Sejm, upper
house--Senate).Judicial--Supreme Court, provincial and local courts, constitutional tribunal.
Info from www.state.gov
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EconomyEconomy
GDP (2009): $430 billion. Compare to 16.24 Trillion EU or 14.26 Trillion USPer capita GDP (2009): $17,900.Rate of inflation (2009, average): 3.5%. EU .8%
Info from www.state.gov and www.cia.gov
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Info from www.cia.gov
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Info from www.worldbank.org
Real GDP growth (2009): 1.7%. Compare to -2.6 US or -3.8 Austria
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UnemploymentUnemploymentInfo from www.indexmundi.com
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InfastructureInfastructureThe percentage of roads in good condition has increased from below 37 percent in 2003 to about 62 percent in 2008
Info from www.worldbank.org
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Info from www.cia.gov
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Trading PartnersTrading PartnersMain import partners for Poland as of 2008 are Germany, Italy,
Hungary, Russia, France, Turkey, Austria, Kazakhstan and China.Major export partners as of 2008 are Germany, Italy, France,
Turkey, Hungary and Bulgaria.Germany accounts for around 25% both imports and exports80% of total trade is within EU
Info from www.state.gov
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Info from www.cia.gov
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International CompaniesInternational CompaniesPKN Orlen- Wloclawek: Total Investment Cost $1.16bn
◦ Over 2600 locations. 574 in Germany, recently aquiring 56 stations from OMV
Opel Astra- Gliwice: Total Investment €11bn Toyota- Walbrzych: Total investment €400 million. Laskowice:
Total Investment €200 million. Diesel engine plant
Transmissions plant
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More Foreign CompaniesMore Foreign CompaniesCitiGroup- WarszawaGoldman Sachs- WarszawaJP Morgan- WarszawaING Bank- SlaskNordea Bank- Gdynia
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FDI OpportunitiesFDI OpportunitiesBanksConstructionInfastructure
In 2009 the FDI in Poland amounted to €8.6 billion
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Import OpportunitiesImport OpportunitiesCrude OilConsumer Goods
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Why Oil?Why Oil?
Oil Production34,140 bbl/day (2009 est.)Oil Consumption545,400 bbl/day (2009 est.)
Proved Oil Reserves 96.38 million bbl (1 January 2010 est.)
•Oil Imports553,900 bbl/day (2008 est.)•Oil Exports65,280 bbl/day (2008 est.)
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Export OpportunitiesExport OpportunitiesCoalAutomotive
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RecentRecent NewsNewsPoland to receive €67 bln between 2007-2013Organization of the EURO 2012 football
championships to be held in Poland and UkrainePolish government plans to sell stakes this year in its
energy, insurance, chemical and phone companies to raise $10 billion to finance the widening budget deficit
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Short-term AssessmentShort-term AssessmentIncrease in GDP growth. OECD estimates GDP growth 2.5% in 2010
Increase in FDIHigh spending on infastructureSteady recoveryIncrease in public debt
and deficit
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Long-term AssessmentLong-term AssessmentBetter ease of business rankingMore stable politicsIntroduction of Euro
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Holistic AssessmentHolistic AssessmentOverall attractiveness is fairly goodPoor infastructure but working on itPublic Debt (2009): 46.5% of GDPGov‘t support of FDIHighly skilled and educated labor force- lower wagesCentral Location to major trading partners