Transcript Poland

Business opportunities in Poland
Dawid Tomaszewski
Political-Economic Section
Embassy of the Republic of Poland
Jelgava, December 01, 2010
Poland - Key Facts
Area:
322 575 sq km – 6th in European Union
Population:
38,12 million – 6th in European Union
Currency:
Polish Zloty (1 EUR ~ 4.00 PLN)
1 LVL ~ 5.55 PLN)
GDP growth: 6.7% (2007), 4.8% (2008), 1.7% (2009)
Membership: EU, NATO, OECD, WTO, Schengen Zone
Stable and fast economic growth (GDP in bn USD)
Schengen
Poland joins
the EU
500
Entry into
the NATO
400
300
200
OECD
WTO
Beginning of
transformation
100
19
89
19
90
19
91
19
92
19
93
19
94
19
95
19
96
19
97
19
98
19
99
20
00
20
01
20
02
20
03
20
04
20
05
20
06
20
07
*
20
08
*
0
Source: International Monetary Found, World Economic Outlook Database, Oct 2007
Competitive Advantages
Location & economic fundamentals
 strategic location in continental Europe
 part of trans-european transportation
corridor
 the only country with the positive GDP
growth in 2009 in EU (1.7%)
 38 million of consumers
1000 km radius
250 mn people
Labor force
 young, well-educated work force
 ca 11% of university students in the EU
 456 universities & high education schools
Investment incentives
14 Special Economic Zones
 over 110 bn USD from EU
2000 km radius
550 mn people
Poland: Encouraging Macro-economic Picture
GDP growth
• 4.8% in 2008 vs 0.8% in the EU
• 1.7% in 2009 vs -4.2% in the EU
• 2.2% forecasted in Poland vs
0.7% in the EU for 2010 (IMF)
• domestic demand - the main factor
behind the growth
GDP growth rate
EU27
7
Euro Zone
Poland
5
3
%
1
-1
02
20
03
20
04
20
05
20
06
20
07
20
08
20
09
20
-3
Inflation (CPI) and interest rates
-5
12
CPI
NBP reference rate
10
8
%
Inflation
• 4.0% in 2009 vs 1.0% in EU
• direct inflation targeting since
1999 - target of 2.5% +/-1%
6
4
2
Source: Ministry of Finance, NBP, Eurostat 2010
0
2002
2003
2004
2005
2006
2007
2008
2009
2010
„Velvet crisis” in Poland
Poland is much less affected by the crisis
than neighbouring countries
Reasons according to
Prof. Leszek Balcerowicz:
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 USA
4. Smaller influence of stock market on the
economy than in the USA
5. Falling natural resources prices
Poland: Falling Unemployment
Over 20%
20
%
10/2010
11.5%
10
Source: GUS 2010
20
10
20
09
20
08
20
07
20
06
20
05
20
04
0
Study in Poland
TRICITY
Main academic centers
SZCZECIN
BYDGOSZCZ-TORUN
POZNAN
500
450
BIALYSTOK
WARSAW
453
443
LODŹ
WROCLAW
400
LUBLIN
thousands
350
KATOWICE
300
250
200
171
132
150
100
88
65
58
28
50
9
21
Students
Graduates
0
Humanities &
social
sciences
Science
Source: Polish Statistical Office 2009
ICT
Engineering
B&A and Law
KRAKOW
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
Source: Eurostat 2006, TNS Opinion & Social (UK) December 2006, Ranstadt 2008
German
Russian
French
Special Economic Zones







•
•
•
A special economic zone (SEZ) is a designated area in which
manufacturing or distribution activities can be conducted on
preferential terms
The purpose of SEZs is to support regional development
Currently, there are 14 SEZs in Poland, each consisting of several
subzones
Total area of all SEZ – 20 000 hectares
SEZ will operate until 2015-2017 and more
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, available at a competitive price
free assistance in dealing with formalities relating to the investment project
Road network in Poland, 2006
Under
construction
ready
EURO 2012 in Poland
Gdansk
Poznan
Wroclaw
Warszawa
Road network, 2012.
Under
construction
ready
Cooperation
Polish export to Latvia in 2009 was 551,81 ml EUR
Polish import from Latvia in 2009 was 125,10 ml EUR
(balance 426,71 ml EUR – 4,4x)
Export to Latvia in January-June 2010 was 304,26 ml EUR
Import from Latvia January-June 2010 was 79,12 ml EUR
(balance 225,14 ml EUR – 3,8x)
Dynamics in January-June 2010 was 114%
(import and export)
Polish export to Latvia (January-August 2010)
Poland – 4 on the list of Latvian import partners
Export (%)
18,44
53,8
15,76
11,99
machines, machine devices
chemical products
food-stuffs
others
Polish import from Latvia
(January-August 2010)
Poland – 6 on the list of Latvian export partners
Import (%)
47,9
19,09
16,45
16.55
metallurgical products
wood and wooden products
mineral products
others
Investment
• Polish FDI stock to Latvia in the end of IIQ of 2010 was 5,83 ml
EUR (3,41 ml EUR in wholesale and retail trade, 1,99 ml EUR in
manufacturing and 0,43 ml EUR in real estate)
• Latvian FDI stock to Poland in the end of IIQ 2010 was 32,73
ml EUR (all in wholesale and retail trade)
Source: Bank of Latvia
Who we are?
How to get information?
Thank you for your attention
Embassy of the Republic of Poland
Political-Economic Section
Riga, Mednieku iela 6b, 1010 LV
tel. (371) 6703 15 24, fax (371) 6703 15 49
e-mail: [email protected]
www.poltrade.lv