Transcript Why Poland?

THE ECONOMIC SITUATION OF
POLAND
APRIL 2016
Poland - your business partner
Quality of goods and services
Well-educated and high skilled workforce
Large internal market
Why Poland?
Special Economic Zones
Improvement of infrastructure
Stable economy
Area: 312,679 km 2
Population: 38.5 mn
GDP total: EUR 413.1bn*
GDP per capita PPP: EUR 18.6thous.*
GDP per capita: EUR 10.7thous.*
Membership:
OECD,
WTO,
NATO,
EU
Diversified economy
Interesting opportunities in capital market
EU membership
Data: Poland’s CSO and Eurostat data; *2014.
Solid fundaments of economic growth
Industrial production (% yoy)
Employment rate (LFS, %)
CPI (% yoy)
Unemployment rate (registered, %)
70.0
68.0
66.0
64.0
62.0
60.0
58.0
56.0
54.0
52.0
50.0
2000 2002 2004 2006 2008 2010 2012 2014
Data: Poland’s CSO data; *2015 - estimates.
GDP and its decomposition
GDP growth (% yoy)
GDP demand decomposition
Value added sector decomposition
Data: Poland’s CSO data; 2015 – estimates, 2016 - forecast.
Poland – an attractive place for FDI
FDI stock in Poland (EUR bn)
Investment opportunites
Major foreign investors in Poland
stock (bn EUR) 2014
Automotive
Aerospace
Electronics
Business
Services Centres
R&D
IT
Domestic
appliance market
Renewable
energy
Biotechnology
Food sector
Yachting sector
Data: National Bank of Poland, PAIiIZ.
Special Economic Zones and
Industrial Parks
Data: DDS MoE.
Poland’s position in international rankings
• 25 • 36 • 39
Doing Business
2016
World
Competitiveness
Yearbook 2015
•7
Position in CEE
region in terms of
investment projects
Index of
Economic
Freedom 2016
•3
Position in CEE
region in terms of
number of new jobs
98%
of investors do not regret investing in Poland
8th position in Europe
20th in the world
In terms of the total value of FDI
World Investment Report
2015
Foreign trade
Poland’s foreign trade (EUR bn)
Poland’s foreign trade with Croatia (EUR mn)
Poland’s main export partners
(share in %, 2015*)
Poland’s main imports partners
(share in %, 2015*)
Data: Poland’s CSO data; *2015 - estimates.
Polish trade with Croatia
2014
Exports: EUR 399.1mn (+21.8%)
Imports: EUR 103.1mn (+5.9%)
Balance: EUR 296.1mn
2015*
Exports: EUR 544.1mn (+36.3%)
Imports: EUR 167.9mn (+62.9%)
Balance: EUR 376.2mn
I-II 2016*
Exports: EUR 80.8mn (+20.4%)
Imports: EUR 21.1mn (+23.7%)
Balance: EUR 59.7mn
In 2015 Croatia was on the 39th position on the list of Polish exports partners (0.3% of share) and
on the 64th position on the list of Polish imports partners (0.1% of share).
Data: Poland’s CSO data; *2015 - estimates.
Changes in the commodity structure
of foreign trade with Croatia
Exports
Imports
Data: Poland’ s CSO estimates.
Growth of Polish firms and capital fundamental
for strong and prosperous Poland
Growth of Polish firms
and capital
Quality of life
Strong Poland
Adequate salaries
International standing
Savings instead of debt
Stability of public finances
Family-friendly environment
Efficient military and security
Comprehensive education
Energy independence
Good healthcare
Efficiently governed state
Responsible Development Plan –
more Polish economy in the Polish economy
Poland must take full advantage of its own potential and include smaller cities and
rural areas in pursue of further development, to build strong economy in all
regions
1zł
Our strategic goal is to grow Polish capital in financial, social, technological and
educational capacity
Polish companies must receive a positive stimulus from the state, to spur further
growth and foster environment for creating highly paid jobs
Team playing is crucial – Poland must transcend institutional barriers, engage in
cooperation with social partners, job providers, trade unions. State administration
must serve the citizen, not the other way round.
5 pillars of the economic development
of Poland
Strong Polish economy
1
2
Reindustrialization
3
Development of
innovative
companies
4
Capital for
development
Foreign expansion
Social and regional
development
• Partnership for
the strategic
branches of the
economy
• New „Business
Constitution”
• Growing savings
• Review of
research
institutes
• Polish
Development
Fund
• Financial offer
• National
Intelligent
Specializations
• Friendly legal
environment
• Strong Polish
brand
• Pact for rural
areas
• Juncker’s plan,
EBOR, EBI, AIIB
• Review of
business
diplomacy
• Education
• Clusters and
industrial
valleys
• Start In Poland
• European funds
• Export Support
Division at PDF
5
• Comprehensive
demographic
programme
• Effective
regional policy
• Foreign
investments
Efficient state
•e-Administration
•Intelligent public procurement
•End of „departmental Poland”
•Energy – security, availability, price
Strong Polish economy
1
2
Reindustrialization
3
Development of
innovative
companies
4
Capital for
development
5
Ekspansja
zagraniczna
•Partnership for
the strategic
branches of the
economy
• New „Business
Constitution”
• Growing savings
• Review of
research
institutes
• Polish
Development
Fund
• Financial offer
•National
Intelligent
Specializations
• Friendly legal
environment
• Strong Polish
brand
• Pact for rural
areas
• Juncker’s plan,
EBOR, EBI, AIIB
• Review of
business
diplomacy
• Education
•Clusters and
industrial valleys
• Start In Poland
• European funds
• Export Support
Division at PDF
Social and regional
development
• Comprehensive
demographic
programme
• Effective
regional policy
•Foreign
investments
Efficient state
•e-Administration
•Intelligent public procurement
•End of „departmental Poland”
•Energy – security, availability, price
Foreign investors are welcome to join!
We search for the best investments…
Examples of criteria
,
…and offer them our support
Examples of support
Creating R&D centres
Employment grants
New high-paid jobs
Investment grants
Staff employed under
contract employments
Income tax exemptions
Local cooperation and supply
network
Property tax exemptions
Know-how transfer
EU funds
Regional examples
R&D centre,
Wrocław
Polish Special Economic Zones
R&D centre
Praga
Investments in areas
threatened with exclusion
Grants for training of staff
R&D centre,
Rzeszów
R&D centre
Gyor
Strong Polish economy
1
2
Reindustrialization
3
Development of
innovative
companies
4
Capital for
development
Foreign expansion
Social and regional
development
• Partnership for
the strategic
branches of the
economy
• New „Business
Constitution”
• Growing savings
• Review of
research
institutes
• Polish
Development
Fund
• Financial offer
• National
Intelligent
Specializations
• Friendly legal
environment
• Strong Polish
brand
• Pact for rural
areas
• Juncker’s plan,
EBOR, EBI, AIIB
• Review of
business
diplomacy
• Education
• Clusters and
industrial valleys
• Start In Poland
• European funds
• Export Support
Division at PDF
5
• Comprehensive
demographic
programme
• Effective
regional policy
• Foreign
investments
Efficient state
•e-Administration
•Intelligent public procurement
•End of „departmental Poland”
•Energy – security, availability, price
Innovative business leads to high-paid jobs
and more profits to build Polish capital on
•
Goal
Business-science cooperation
Dual use innovations
Taking advantage of the existing infrastructure
(Technology Transfer centres, business
incubators)
R&D outcome for civillian use
•
Review of the existing research institutes to
make them useful to the economy
•
Introducing „fast lane” strategic programmes in
PARP and NCBiR with streamline decision
procedures
•
Bonding innovation support priorities with other
policies, eg. the industrial policy
Military
Use of most advanced technologies in military
Start in Poland
New Innovation Act
Amendment – June 2016
Imminent
changes
•
Favourable taxing of intellectual and industrial
property contribution
•
Expanded list of tax deductible R+B expenses
•
Cash reimbursement for start-ups
•
•
•
•
New act – I half of 2017
Economy
New initiative aimed at breaking barriers in
commercialisation in Poland for innovative
solutions created by start-ups
Building a network of innovation liaisons in large
companies
New rules for EU fund financing – 1 bln zlotys
from Innovative Growth OP
Letting start-ups finding solutions for public
administration and local authorities (eg. Smart
City)
Strong Polish economy
1
2
Reindustrialization
3
Development of
innovative
companies
4
Capital for
development
Foreign expansion
Social and regional
development
• Partnership for
the strategic
branches of the
economy
• New „Business
Constitution”
• Growing savings
• Review of
research
institutes
• Polish
Development
Fund
• Financial offer
• National
Intelligent
Specializations
• Friendly legal
environment
• Strong Polish
brand
• Pact for rural
areas
• Juncker’s plan,
EBOR, EBI, AIIB
• Review of
business
diplomacy
• Education
• Clusters and
industrial valleys
• Start In Poland
• European funds
• Export Support
Division at PDF
5
• Comprehensive
demographic
programme
• Effective
regional policy
• Foreign
investments
Efficient state
•e-Administration
•Intelligent public procurement
•End of „departmental Poland”
•Energy – security, availability, price
Polish Development Fund as a comprehensive
tool for supporting development
Government
PDF Supervising Board, investment committees – Ministry of Development,
representatives of other ministries
Capital
markets
SMEs
Polish Development Fund
Investment
Exports
Innovation
Promotion
Infrastructure
Polish Development Fund
Project assumptions
Goal
•
•
•
Polish development bank of huge investment potential
Means of implementation of national economic policy
Professional ownership supervision
•
Achieving scale adequate for carrying out huge
projects, key for the development of the Polish
economy
•
Necessity to finance projects of crucial importance to
Poland’s development
Capital acquisition on world markets
Intended results
Market conditions
Potential for
further projects
Project reach
•
•
Taking advantage of the cooperation with state-owned
companies (ia. PZU, PKO BP)
Optimal operational model
Capital
markets
Financial sector
Development
fund
State
EU funds
SMEs
Export
support
Infrastructural
investments
Investments in
development
Strong Polish economy
1
2
Reindustrialization
3
Development of
innovative
companies
4
Capital for
development
Foreign expansion
Social and regional
development
• Partnership for
the strategic
branches of the
economy
• New „Business
Constitution”
• Growing savings
• Review of
research
institutes
• Polish
Development
Fund
• Financial offer
• National
Intelligent
Specializations
• Friendly legal
environment
• Strong Polish
brand
• Pact for rural
areas
• Juncker’s plan,
EBOR, EBI, AIIB
• Review of
business
diplomacy
• Education
• Clusters and
industrial valleys
• Start In Poland
• European funds
• Export Support
Division at PDF
5
• Comprehensive
demographic
programme
• Effective
regional policy
• Foreign
investments
Efficient state
•e-Administration
•Intelligent public procurement
•End of „departmental Poland”
•Energy – security, availability, price
Support for new directions in Polish companies
foreign expansion
Heavy
engineering,
furniture
Food, chemical and
timber
Natural
resources,
engineering
Business diplomacy
posts
new
current
to discontinue
• European markets remain crucial for Poland
• Increased activity on prospective markets – Asian, African and North-American
Keys at arrows indicate sectors/potential that Polish companies can take advantage of
Source: Ministry of Economy, GoChina commissioned by Invest in Poland, Ministry of Foreign Affairs
Professional support of exports
Project assumptions
•
Goal
Intended results
Market conditions
Potential for
further projects
New trade posts
•
•
Establishing a support for exports division within the
Polish Development Fund
Expanding the Polish economic diplomacy network
New operational model for trade posts
•
•
•
Rise in exports to EU markets
Opportunities for expansion towards new markets
Economic diplomacy push up towards Asia and Africa
•
Expanding to new markets essential for companies to
reach their „national champion” potential
Insufficient domestic demand for innovative products
•
•
Visas for entrepreneurs – incentives for founders who
could develop their ideas in Poland
Value of exports to countries where new trade posts are planned (mln PLN)
15,000
+209%
10,000
5,000
0
2008
2009
2010
2011
2012
2013
2014
Strong Polish economy
1
2
Reindustrialization
3
Development of
innovative
companies
4
Capital for
development
Foreign expansion
Social and regional
development
• Partnership for
the strategic
branches of the
economy
• New „Business
Constitution”
• Growing savings
• Review of
research
institutes
• Polish
Development
Fund
• Financial offer
• National
Intelligent
Specializations
• Friendly legal
environment
• Strong Polish
brand
• Pact for rural
areas
• Juncker’s plan,
EBOR, EBI, AIIB
• Review of
business
diplomacy
• Education
• Clusters and
industrial valleys
• Start In Poland
• European funds
• Export Support
Division at PDF
5
• Comprehensive
demographic
programme
• Effective
regional policy
• Foreign
investments
Efficient state
•e-Administration
•Intelligent public procurement
•End of „departmental Poland”
•Energy – security, availability, price
Specialisations of Eastern Poland
Assumptions
•
Goal
Intended results
Market conditions
Potential for
further projects
•
Project reach
Development of Eastern Poland regions through building
on their advantages by investing in crucial state projects
Building essential infrastructure, especially express
motorway S19 Białystok-Lublin-Rzeszów
•
Establishing companies with export potential, offering
high quality jobs
•
Additional EU financing within the Eastern Poland
Operational Programme
•
•
Wilno-Białystok-Lublin-Rzeszów railway
Coal 2.0 – development of Lublin coalfield
Illustrative initiatives
Lublin
Białystok
•
•
Eastern Construction Cluster –
further development and R+D
investment in passive
construction solutions and their
commercialisation
Advanced Business Services
Centre – establishing locations
competitive to bigger cities
•
•
Eco-Food Valley – further
development of the existing
cluster
Clean Coal Technologies –
building modern installations
for coal gasification
Rzeszów
•
•
Aviation Valley – drawing small
innovative firms and
establishing a chain of
cooperatives
AirIT – centre for aviation
software, especially for drones
Goals for 2020
Strong Polish economy
High Quality GDP
1
2
Reindustrialisation
3
Indicator
2020
> GDP increase
Capital for
development
Development of
innovative business
A• Large and
Increase in
industrial output
medium
companies
B• Share of R+D
in GDP
A
• More loans for
companies
•B Investments
(% GDP)
• > dynamics for
A
A• > 22 000
B• Increase from
0,8% to 2%
4
households
B• > 25%
Initiatives
5
Social and
territorial
development
Expanding abroad
A
• Increase in
export
•B Polish FDI
• > GDP increase
A
• Increase by
B
70%
• Ratio of
A
relative
poverty risk
B• GDP per capita
A
• Under 15,5%
B• 79% of average
Przyjazne otoczenie biznesu i sprawne państwo
Efficient state
e-Administration platform
EU
2020
✓
Procurement policy supporting economic growth
✓
•e-Administracja
•Edukacja
i kultura
Long-term
national
energy strategy •Przełamanie „Polski resortowej”
✓
•Inteligentne zamówienia publiczne
•Polityka Prorodzinna
•Energia – bezpieczeństwo, dostępność, cena
Thank you for your attention.
Ministry of Economic Development
Pl. Trzech Krzyzy 3/5
00-507 Warsaw
tel. +48 22 693 50 00
fax. +48 22 693 46
www.mr.gov.pl