Transcript Slajd 1

POLSKA AGENCJA INFORMACJI
I INWESTYCJI ZAGRANICZNYCH
Why Poland blossomed
Sławomir Majman
PAIiIZ President
Poland – key facts
Territory:
312 700 km2 – 6th place in the EU
Population:
38.1 mn. – 6th place in the EU
Currency:
Polski Złoty (1 EUR ~ 4.19 PLN)
GDP in 2010:
1 415 bln PLN (ca. 354 bln EUR ~3.99 EUR/PLN)
GDP growth:
1.6% (2009), 3.9% (2010), 4.3% (2011)
Membership:
EU, NATO, OECD, WTO, Schengen Zone
GDP changes in 2010 (Poland in 2011)
FI
2009
NO
0,4%
Poland was the only
economy in the EU
with growing
5,5%
EE 3,1%
LV -0,3%
DK
2010
LT 1,3%
2,1%
Poland was the third
fastest growing
economy in the EU
IR
-1,0%
PL
UK
1,3%
2011
NL 1,8%
BE 2,1%
DE
+4,3%*
3,6%
CZ 2,4%
SK 4,0%
Polish economy was
growing twice faster
than EU average
FR
AT 2,0%
1,6%
HU 1,2%
RO -1,3%
IT
2012
Poland is expected to
develop at the fastest
pace in Europe
(Europ. Commision)
3,1%
SE
1,3%
BG 0,2%
ES
PT
-0,1%
TR
1,4%
GR
-4,5%
Source: Eurostat.
*Data for 2011.
7,5%
Strenghts: Image (I)
Main advantages of Poland
• Stable economic situation
• Market growth
• Size of internal market
• Access to regional markets
• Cooperation with suppliers and
business
• System of investment
incentives
Poland is 6th most attractive investment location in the world
Source: UNCTAD, World Investment Prospects Survey 2009-2011.
Strenghts: Image (II)
World Investment Report 2011
Most attractive countries for FDI location
Position in 2011
ranking (2010)
Country
1
China
2
USA
3
India
4
Brazil
5
Russia
6 (12)
Poland
7
Indonesia
8
Australia
9
Germany
Poland is 6th most attractive investment location in the world
Source: World Investment Report 2011
Strengths: Image (III)
Poland in Financial Times
FDI quality in industrial processing sector
Poland– 3rd place in the World, 1st in Europe
600
500
400
300
200
100
China
USA
Poland
Slovakia
Brazil
India
Germany
Russia
France
Canada
UK
Indonesia
Czech Rep.
Spain
Hungary
Vietnam
Romania
Malesia
Thailand
Mexico
0
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
Source: Financial Times/ FDI Intelligence.
Strenghts: Image (IV)
45% of transnational
corporations that invest in
developing countries point
Poland as a location that
offers the biggest
opportunities of income
increase in 3-year perspective
Poland takes the 2nd place in Eastern Europe (after Russia)
It is expected that emerging markets in next 7 years will be
reposponsible for over 50% of global GDP
Soruce: Fortresses and Footholds: Emerging market growth strategies, practices and outlook, Deloitte, Styczeń 2012 r.
7
Strenghts: Image (V)
6th place globally in most
attractive FDI destinations ranking
UNCTAD
3rd place globally in quality of
processing industry
Financial
Times
3rd place in Europe in terms of
pace of growth jobs created due to
FDI
Ernst & Young
One organisation may be wrong, but a few of them must be right
Strenghts: Image (VI)
Poland is one of the fastest developing countries:
• 5th in the World,
• 1st in Europe.
Source: The Economist 2011.
Strenghts: Image (VII)
Source: CB Richard Ellis, Wrzesień 2011.
Strenghts: Image (VIII)
3rd location worldwide for business services
Poland is on the 3rd place worldwide on the shortlist
destinations of companies searching for the best location for
 financial,
 accounting
 advisory centers.
Source: The Hackett Group, April, 2012.
Strenghts: Image (IX)
Strenghts: EU funding (I)
Support areas
Ca. 90 thousand projects have received support of EUR 14,2 bn. Certified payment
application constituted 105% of allocations
Strenghts: European funding (II)
What have we reached? Examples
Transportation
• 779 km built/reconstructed expressways
• 4 236 km built/reconstructed national and local roads
• 635 km built/reconstructed railways
Ecology
• 13 000 km built/reconstructed sewerage,
• 5 700 km built/reconstructed water supply pipelines
• 275 built/reconstructed city water pipelines
• 1 729 built/reconstructed home wastewater treatment plants
Development of human capital
2,7 mln people (incl. 1,6 mln women) has received supprot from ESF
Entrepreneurship and innovations
2 799 of SME received support for new implemented investments
17 science parks have received support
Strenghts: European funding (III)
Absorption of europan funding (mln EUR)
Poland and EU member states
Strenghts: Human Resources (I)
Main university centres
Students in given EU countries
Tricity
Szczecin
Warsaw
Poznan
Lodz
Wroclaw
Cracow
•
20 million of talented young people, who speak foreign languages
•
2 mln students, over 400 000 graduates every year
•
87% of students speak foreign languages
•
50% of population is younger than 35 yrs.
(in the group between 20 and 29 y.o. 1/3 studies)
•
there is 460 of higher education institutions in Poland
Źródło: EIU, Eurostat.
Strenghts: 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
35-44
German
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
Source: Randstad.
German
Russian
French
Spanish
Strenghts: Human Resources (III)
Attractiveness in terms of number of students
Source: European Cities and Regions of the Future 2012/13, fDi Intelligence
Strenghts: Size of the market
Markets served:
• Internal market of 38 mn people
promień 1000 km
250 mln ludzi
• Unlimited access to the EU market
• Strong relations with CIS and Balkan
states
Stable economy:
•GDP growth in Poland 3.9% 4.3% in
2011
•Main growth factors: domestic
demand and foreign trade
promień 2000 km
550 mln ludzi
Leverages: State aid (I)
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: State aid (II)
Special Economic Zones

Special Economic Zone (SEZ) is an especially
dedicated area where investors receive special
benefits

Major purpose of SEZ is to support local
growth

There are 14 SEZ + many subzones

Cumulative area = 20 000 hectares


SEZ will operate at least 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 aid
plot of land prepared for an investment project, available at a competitive price
free assistance in dealing with formalities relating to the investment project
Tax rates
• Corporate Income Tax (CIT)
rate: 19%
• Personal Income Tax (PIT)
rates: 18% & 32%
• Value added tax (VAT)
basic rate : 23%
reduced rates : 8%, 5%
export rate : 0%
• Social Security Tax paid by employer
between 17.48% and 20.41%
FDI Flow to Poland
2011: EUR 10.2 bn
52% increase over 2010
Źródło: Narodowy Bank Polski, luty 2012 r.
PAIiIZ projects in 2011
• Number of completed projects: 53
• Estimated value: EUR 1 171 mn.
• New jobs: 10 284
• Key sectors:
• BPO
• automotive
• electronics
• Main source countries:
• USA
• Japan
• France
• China
In April, 2012 PAIiIZ cooperated with 150 investors
Source: PAIiIZ, 2011
Projects served by PAIiIZ in 2010 & 2011
2010
2011
% of 2010 reached
in 2011
Number of the positively closed
projects
50
53
106%
Value of the positively closed
projects (EUR m)
678.2
1 170.5
173%
Declared work places
9 526
10 284
108%
Source: PAIiIZ, February 2012.
Projects currently served by PAIiIZ
In April, 2012 PAIiIZ conducted 150 investment projects
Value: EUR 5.0 bn
New work places: 34 576
Key sectors:
• BPO, R&D
• Automotive
• Machine
• Elektronics
Major source countries of investors:
USA (34 projects, EUR 789 mn.)
UK (18 proj. EUR 575 m.)
Germany (15 proj. EUR 212 m.)
People’s Republic of China (9 proj. EUR203mn.)
Source: PAIiIZ, April, 2012
Strengths: Poland’s export growth
(bn EUR in 2011)
8.7 United Kingdom
6.1
35.4
8.3
Germany
France
8,3 Czech
Republic
7.3 Italy
Źródło: Narodowy Bank Polski, Gazeta Wyborcza, luty 2012 r.
Russia
Strength: FDI’s growth (I)
Flash estimates for 2011
• Despite turmoil in the global economy, global FDI inflows rose by 17%
in 2011, to $1.5 trillion, surpassing their pre-crisis average.
• UNCTAD estimates that FDI flows will rise moderately in 2012,
to around $1.6 trillion.
• Developing and transition economies continued to account for half of
global FDI in 2011 as their inflows reached a new record high.
2500
1500
Global FDI inflows (USD Billions)
1,969
2000
1,744
1,472
1,180
1,290
1,509
1000
500
0
pre-crisis
average
2005-2007
2007
2008
2009
2010*
2011*
Source: UNCTAD, January, 2012.
Strength: FDI’s growth (II)
Flash estimates for 2011
UNCTAD:
•FDI inflow to Poland increased to USD 14.2 bn in 2011,
•from USD 9.7 bn in 2010,
•that means 46.7% increase.
NBP:
•FDI inflow increased to EUR 10.2 bn in 2011,
•vs. EUR 6.7 bn in 2010,
•that means 52% increase.
Source: UNCTAD, January, 2012.
Strength: FDI’s growth (III)
Flash estimates for 2011
2500
World
1,969
2000
1500
1,744
1,472
1,180
1,290
1,509
1000
500
0
pre-crisis
average 20052007
2007
2008
2009
2010*
2011*
* Estimates
Poland
Source: UNCTAD, January, 2012.
* Estimates
Strength: localizations (I)
Warsaw is one of the most atractive localizations for FDI in
Europe
Place
City
Country
1
London
United Kingdom
2
Paris
France
3
Vienna
Austria
…
…
…
20
Prague
Czech Republic
21
Warsaw
Poland
22
Barcelona
Spain
23
Antverpia
Belgium
Warsaw third in the CEE region
• After Moscow (4th place) and Prague (20th place)
• Improvement by one position vs. former edition.
Source: European Cities and Regions of the Future 2012/13, fDi Intelligence
Strength: localizations (II)
Warsaw in the top of the European business
friendly institutions
Place
City
Country
1
London
United Kingdom
2
Moscow
Russia
3
Brussels
Belgium
4
Warsaw
Poland
5
Prague
Czech Republic
6
Paris
France
7
Copenhagen
Denmark
8
Stokholm
Sweden
Source: European Cities and Regions of the Future 2012/13, fDi Intelligence
Strength: localizations (III)
Top 10 region of the CEE region in terms of
investment attractiveness
Place
City
Country
1
Woj. Małopolskie
Poland
2
Woj. Opolskie
Poland
3
Kraj Środkowoczeski
Czech R.
4
Kraj Pilzneński
Czechy R.
5
Pardubice
Czechy R.
6
Aglomeracja Śląska
Poland
7
Zaporoże
Ukraine
8
Obwód Stara Zagora
Bulgaria
9
Region Tuapsiński
Russia
10
Woj. Wielkopolskie
Poland
Źródło: European Cities and Regions of the Future 2012/13, fDi Intelligence
Strength: localizations (IV)
Top 10 cities in the CEE region in terms of
attractiveness
Place
City
Country
1
Katowice
Poland
2
Kraków
Poland
3
Poland
Poland
4
Lwów
Ukraine
5
Brno
Czech Republic
6
Warszawa
Poland
7
Ostrawa
Czech Republic
8
Poznań
Poland
9
Cheb
Czech Republic
Moskwa
Russia
10
Źródło: European Cities and Regions of the Future 2012/13, fDi Intelligence
Why Poland?
Strategic location – gateway to the EU
Economic and political stability
Availability of skilled human resources
Effective incentive system including EU-Funding
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]