Transcript Slajd 1 - CONFINDUSTRIA

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 – 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
GDP changes in 2010
FI
NO
SE
0,4%
5,5%
3,1%
EE 3,1%
LV -0,3%
DK
LT 1,3%
2,1%
IR
-1,0%
UK
PL
1,3%
NL 1,8%
BE 2,1%
DE
+3,8%
3,6%
CZ 2,4%
SK 4,0%
FR
AT 2,0%
1,6%
HU 1,2%
RO -1,3%
IT
1,3%
BG 0,2%
ES
PT
-0,1%
TR
1,4%
GR
-4,5%
Źródło: Eurostat
7,5%
4,5
4
3,5
3
2,5
Poland
UK
Source: European Commission, Interim Forecast, March 2011.
2,4
Germany
1,8
EU 27
1,1
1,6
Euro zone
0,8
1,5
2
The
Netherlands
4,1
Italy
2
1,5
1
0,5
0
Spain
Percentage change y/y
The future seems to be bright GDP forecasts for 2011 are very favorable
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
 young, well-educated work force
 ca 11% of university students in the EU
 increasing labour productivity
 Investment incentives
 14 Special Economic Zones
 grants co financed from the EU (EUR 90 bn)
Poland is much less affected by the crisis
than neighbouring countries
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
Leverages: Size of the market
Markets served:
• Internal market of 38 mn people
1000 km radius
250 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
2000 km radius
550 mn people
Leverages: Human resources (I)
Main academic centers
Students in CEE
Tricity
Sl
ov
en
ia
ul
ga
ria
B
un
ga
ry
C
Wroclaw
ze
ch
.R
ep
.
R
Lodz
H
Poznan
2500
2000
1500
1000
500
0
om
an
ia
Warsaw
Po
la
nd
Szczecin
Krakow
•
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
•
Source: EIU, Eurostat
Leverages: Human resources (II)
Foreign language capability by age groups
50%
Language proficiency is one of
the strongest points for Poland
as a BPO center
40%
30%
20%
Children
learn
foreign
languages from the age of 6
10%
0%
18-24
25-34
English
German
35-44
45-54
Russian
Source: CBOS Survey
Foreign language capability among students
100%
English is the most popular
foreign language in Poland
80%
60%
40%
Learning
of
foreign
languages is obligatory in the
Polish education system
20%
0%
English
German Russian
Source: Randstad, October 2008
French
Spanish
Leverages: Perception (I)
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:UNCTAD, World Investment Prospects Survey 2009-2011
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.
16
15
top 15 differences
11
5
4
2
2
1
0
0
0
-15
Source: AT Kearney, 2010
France
Vietnam
China
USA
Other
Persian
Brazil
Australia
Canada
Germany
-10
Mexico
-5
Poland
0
-1 -3 -6 -9
Hong
Kong
5
UK
5
UEA
10
India
20
Country
2010
rank
2007
rank
Differen
ce
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)
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 (%)
0
Major strengths of Poland:
- Controlled inflation/CPI
- Competitive CIT levels
- Significant internal demand
4
2
Chile
Mexico
8
3
USA
Germany
6
3,5
Australia
Poland
Source: Harvard Business Review Polska.
2
6
3,7
4,2
Leverages: State aid
I.
CIT exemption in Special Economic Zone
only available in Special Economic Zone (SEZ)
II.
Government grants through individual negotiations
individually approved and granted by the
Ministry of the Economy based on the
Council of Ministers’ Resolution
III.
Real estate tax exemption
subject 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 Funds
subject to negotiation with different managing
institutions depending on the investment project key parameters
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)
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
7.5
10.0
1.4
4.1
6.4
6.8
4.4
4.3
2009
2
2.8
4
1.6
6
3.6
8
5.7
10
10.1
12
10.2
10.3
14
8.3
16
2008
18
17.2
15.7
20
EU accession
Long term upward trend.
In 2008 and 2009 FDI flow at the same level.
2010: estimates (will be changed).
Source: NBP.
I 2011
2010
2007
2006
2005
2004
2003
2002
2001
2000
1999
1998
1997
1996
1995
0
1994
EUR billions
FDI Flow to Poland – a long term view
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
Source: PAIiIZ, 2011
Services and Manufacturing Hub in Poland
Automotive
White
R&D
BPO
Electronics
goods
Aviation
Why Poland? Recap
Strategic location – gateway to the EU
Economic and political stability
Availability of skilled human resources
Effective incentives system including EU-Funds
Thank you for your attention
00-585 Warszawa, ul. Bagatela 12
tel. (+48 22) 334 98 00, fax (+48 22) 334 99 99
e-mail: [email protected]