Transcript Slajd 1

Agenda
I. Poland - The Place To Be
II. Foreign Direct Investment
III. Business Environment: Labor, Infrastructure
IV. Global Acknowledgement
V. Sectors of Opportunities
VI. Public Aid
Poland - Key Facts
Area:
312 700 sq km – 6th in European Union
Population:
38,12 million –
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
6th in European Union
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
1000 km radius
250 mn people
Labor force
 young, well-educated work force
 ca 2 million of university students
 455 universities & high education schools
 increasing labour productivity
Investment incentives
14 Special Economic Zones
 over 90 bn EUR from EU
2000 km radius
550 mn people
Poland: Encouraging Macro-economic Picture
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
GDP growth rate
EU27
Euro Zone
Poland
04
20
06
20
6
4
%
2
0
02
20
03
20
05
20
07
20
Inflation (CPI) and interest rates
10
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%
CPI
9
NBP reference rate
8
7
6
% 5
4
3
2
1
0
Source: Ministry of Finance, NBP, Eurostat 2008
02
20
03
20
04
20
05
20
06
20
07
20
08
20
Poland: Falling Unemployment
over 20%
20
11/2008
9.1%
10
Employment rate grew
since 2004
by over 5% up to 56.4%
0
2002
2003
2004
Source: Central Statistical Office 2008
2005
2006
2007
2008
Labor Cost in Poland and OECD Countries
(PPP adjusted, in thousands USD)
70
United States
60
United Kingdom
50
Germany
Euro area
40
30
Hungary
Czech Republic
20
Poland
Slovak Republic
10
Mexico
0
2000
2001
Source: OECD, 2006
2002
2003
2004
2005
2006
Labour costs in CEE Region in 2006-2008
Monthly labour cost per employee in EUR
2000
2006
1800
2007
2008QII
1600
1400
1200
1000
800
600
400
200
Bulg
aria
Cze
ch R
epu
blic
Esto
nia
Latv
ia
Lith
uan
ia
Pola
nd
Rom
ania
Slov
akia
Slov
enia
Hun
gary
0
Source: EUROSTAT
Agenda
I. Poland - The Place To Be
II. Foreign Direct Investment
III. Business Environment: Labor, Infrastructure
IV. Global Acknowledgement
V. Sectors of Opportunities
VI. Public Aid
FDI inflow (mln EUR) and sources
18
15,7
16,6
16
14
12
11,2
10,3
10,2
10
8,3
8
6,4
6
4,4
4,1
4
2
0
2000
2001
2002
2003
2004
2005
2006
2007
I-XI 2008*
* Estimated
Geographical sources of FDI inflow
Other
14,70%
Source: NBP 2008
EU
85,30%
Poland in World Investment Report 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.
According to UNCTAD the key factors
attracting FDI to Poland are:
• rapidly expanding domestic market
• flexible & skilled labour force
• solid banking system
Source: World Investment Report, UNCTAD 2008
Agenda
I. Poland - The Place To Be
II. Foreign Direct Investment
III. Business Environment: Labour, Infrastructure
IV. Global Acknowledgement
V. Sectors of Opportunities
VI. Public Aid
There are ca 1,9 mn university students in Poland
TRICITY
Main academic centers
SZCZECIN
POZNAN
800
BIALYSTOK
BYDGOSZCZ-TORUN
WARSAW
LODŹ
734
WROCLAW
LUBLIN
700
KATOWICE
600
497
KRAKOW
500
400
307
300
180
200
100
114
101
88
20
17
Students
50
Graduates
0
Humanities
and social
Sciences
ICT
Source: Polish Statistical Office 2008
Engineering
B&A and Law
RZESZOW
Knowledge of Foreign Languages
57% Poles is able to speak at least
one foreign language,
• 32% of Poles speak two,
• 4% - three languages.
Percentage of young Poles
speaking foreign languages
Similar situation in EU:
• 56% of EU citizens speak
one foreign language,
• 28% - two languages.
97%
100%
90%
80%
59%
70%
60%
37%
50%
40%
22%
30%
Learning of foreign
languages is obligatory in the
Polish education system
20%
10%
0%
English
German
Source: Eurostat 2006, TNS Opinion & Social (UK) December 2006, Ranstadt 2008
Russian
French
Air Transport
25
Passengers served
by Polish airports (in millions)
19,1
20
22,3
15,4
15
10
20,3
11,5
7,07
7,55
5
0
2003
2004
2005
2006
2007
2008F 2009F
• Regional airports on constant rise
• Three new international airports may be
created within a short proximity to the
capital city of Warsaw
Source: Civil Aviation Office
Agenda
I. Poland - The Place To Be
II. Foreign Direct Investment
III. Business Environment: Labour, Infrastructure
IV. Global Acknowledgement
V. Sectors of Opportunities
VI. Public Aid
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
Lisbon
Top 10 Most Cost Effective
1
Warszawa
2
Kraków
28
3
Wrocław
3
2
4
South of Poland
Budapest
5
6
5
Prague
Bucarest
2
2
6
Budapest
Berlin
4
8
7
Sofia
12
19
8
Bratyslava
9
Amsterdam
Source: Cushman & Wakefield,
European Cities Monitor 2007
10
Top 10 Best Economic Potential
1
Luxemburg
2
Tallin
3
Paris
4
London
5
Region Pardubice
Tallin
6
Kraków
Bucarest
7
South of Poland
8
Villnius
9
Riga
10
Gorna Oryahovitsa
Source: Financial Times,
European Cities & Regions of the Future 2008/09
Poland vs economies in transition
from efficiency driven to innovation driven
Institutions
8
Innovation
7
Poland
Reference Group
Infrastructure
6
5
Business sophistication
4
Macroeconomic stability
3
2
Market size
1
0
Technological readiness
Health and primary education
Higher education and training
Financial market sophistication
Goods market efficiency
Labor market efficiency
Source: The Global Competitiveness Report 2008-2009 , World Economic Forum 2008
Reference Group
Bahrain
Barbados
Chile
Croatia
Estonia
Hungary
Latvia
Lithuania
Poland
Qatar
Russian
Federation
Slovak Republic
Taiwan, China
Trinidad and
Tobago
Turkey
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.
Thailand
India
Mexico
Czech
Republic
Poland
USA
Malaysia
Turkey
Sounth
Africa
Hungary
Source: Country Broad Index 2008
Poland - No.1 Location for FDI in Europe
Poland
18%
Germany
16%
Russia
12%
France
11%
Romania
10%
Hungary
9%
UK
9%
Spain
8%
Bulgaria
8%
Italy
Czech
Republic
Source: Ernst & Young, 2008;
7%
7%
Agenda
I. Poland - The Place To Be
II. Foreign Direct Investment
III. Business Environment: Labour, Infrastructure
IV. Global Acknowledgement
V. Sectors of Opportunities
VI. Public Aid
Services and Manufacturing Hub
Automotive
Metal
Machinery
Electronics
Services and Manufacturing Hub
Aviation
BPO
R&D
Agenda
I. Poland - The Place To Be
II. Foreign Direct Investment
III. Business Environment: Labour, Infrastructure
IV. Global Acknowledgement
V. Sectors of Opportunities
VI. Public Aid
Regional Aid Map in Poland 2007 -2013
40%
50%
40%
50%
40% till 2010
30% as of 2011
50%
50%
40%
Warszawa City
30 %
50%
40%
50%
50%
50%
40%
50%
50%
Due to relatively lower GDP level in Poland the levels of admissible state
aid are higher than in most other EU countries
Forms of regional aid
 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
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:
Automotive
Aviation
Biotechnology
BPO
R&D
IT & 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)
6 national operational
programmes
and 16 regional
– ESF, ERDF, CF
Investment in food processing,
wholesale,
training for farmers and foresters
Investment in fish processing
and marketing
Why Poland? Summary
Strategic location
Cost effectiveness
Great number of high potential human resources
EU-Funds (110 bn USD for the period of 2007 -2013)
About PAIiIZ
Agency’s offer
Considering of investment
Strategic corporate decision regarding new
investment, destination of investment
Long list of countries
Analysis of macroeconomic, social and
political conditions of the countries,
general legal and financial analysis
including investment incentives system,
fact finding missions
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
• Promotion of Poland through marketing
campaigns, investment seminars, workshops, study tours
• Investment marketing, company visits
• Co-operation with Polish Embassies abroad
• 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