September 1st, 2011,
Issue 242




Record high value of projects supported by PAIiIZ during holiday period

During the two summer months PAIiIZ managed to attract 9 investors who decided to locate their investment projects in Poland. The overall value of their projects is EUR 130 million and the number of new jobs which the projects will generate in the coming years reached 1667.

Despite the current uncertain economic situation which tends to hamstring development of companies around the world, Poland’s investment-connected attractiveness and professional investment care effectively contribute to the fact that PAIiIZ has currently more investment projects in the pipeline than in the same period of 2010.

The value of projects successfully closed by the Agency within the first 8 months of the year rose by 64% - from EUR 585.5 million in 2010 to EUR 961.8 million in 2011. Also an average value of a single closed project rose substantially - now it is EUR 27.5 million vs EUR 15.8 million in 2010. The number of jobs created by projects supported by PAIiIZ rose by 2% (from 8  158 in 2010 to 8 296 in 2011). The growth in the number of jobs may not be very impressive but one has to keep in mind that it has much to do with the change in the character of investment projects located in the country. Poland attracts more and more projects from the knowledge intensive sectors like - BPO, ICT and R&D where jobs tend to be less numerous but create job opportunities for highly-qualified specialists.

During the first 8 months of the year it was BPO and R&D that attracted the most numerous group of the closed projects. The sectors were followed by the automotive and the food industry. In 2010 projects were located mainly in BPO, R&D as well as in the machine and the aviation industry. This year projects came mainly from the USA, Japan and France (in 2010: the USA, Sweden, the UK and South Korea). Nearly 1/3 of all investors decided to invest within special economic zones (slightly fewer investors than last year).

As of August 16th, 2011 the Polish Information and Foreign Investment Agency is supporting 172 investment projects. The biggest number of investors comes from the USA. The 39 American projects currently served by the Agency are jointly worth EUR 1.21 billion and are expected to generate 8982 jobs. The other two most numerous groups are formed by the British (18 projects, EUR 355,6 mln, 6158 jobs) and the Chinese investors (14 projects, EUR 244,5 mln, 3031 jobs). Among the most active investors there are also Germans (12 projects) and South Koreans (11 projects). More information: PAIiIZ Press Office Krystyna.Olesinska@paiz.gov.pl, 022 334 99 49 (PAIiIZ)

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The Mayor of Shanghai visited Poland

The PAIiIZ President Sławomir Majman and the Chinese delegation which included the Deputy Mayor of Shanghai Yang Xiong and representatives of the Shanghai Electric Group held a meeting in Warsaw.

The lunch meeting took place on August 29th, 2011 and was a perfect opportunity to discuss development prospects of Polish-Chinese business relations and ways of intensifying investment cooperation between the countries. The meeting was attended by the Ambassador of the People's Republic of China to Poland Mr Sun Yuxi, representatives of the Economic Department of the Chinese Embassy in Poland and the Chinese delegation.

The Polish Information and Foreign Investment Agency, which perceives China as one of key investment sources, implements a number of measures to boost the presence of Chinese business in Poland. PAIiIZ organizes, among other initiatives, meetings with representatives of Chinese companies as well as with people active in the Chinese business environment and politics.

During the meeting the Deputy Mayor of Shangahi Yang Xiong expressed his deep interest in establishing closer cooperation with Poland and declared his openness and willingness to support initiatives designed to stimulate Polish-Chinese economic contacts and investment projects. (PAIiIZ)

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Sweet investment in Wałbrzych SEZ: Lotte in Świdnica

Lotte Group and the company E.Wedel have announced their decision regarding the localization of the new plants. The investor has bought the plot of 20 ha in Świdnica, in Wałbrzych Special Economic Zone.

In September 2010 Lotte Group has bought the oldest Polish chocolate brand - E.Wedel company. The Japanese investor always declared the expansion in the whole European market and that Poland with E.Wedel will be a foothold for Lotte development in Europe. -We are very glad that the negotiations were calm and friendly and our Japan partners got to know Poles us professionals concerned with their work who can present themselves from the best side. This is the perfect flagship of Poland and bodes well for the future - said Paweł Szczesniak, Managing Director of E.Wedel.At the moment the company works on formalization of the land purchase and on the profile of production and the directions of distribution of new plants’ products. The project was supported by Polish Information and Foreign Investment Agency. (E.Wedel)

* Wedel is the oldest chocolate brand in Poland and at the same time one of the most recognized Polish brands. The company was one of the first privatized enterprise in Poland. In 1991 it became the property of PepsiCo, and 8 years later of British Cadbury. In August 2010 it was bought by Japanese concern Lotte.

* Lotte Group is an international company engaged in such diverse industries as candy manufacturing, hotels, chemicals, construction and financial services. In the most powerful world companies from the candy industry Lotte is on the 6th position. The company is the largest chewing gum manufacturer in Asia and 3rd biggest in the world.

More information: Aleksandra Sikora, E. Wedel Sp. z o.o. e-mail: Aleksandra.sikora@wedel.pl, Magdalena Kołodziejska, Twenty Four/Seven PR, e-mail: magdalena.kolodziejska@247pr.pl

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New investments in the Krakow SEZ

FoodCare oraz Dortech II invest in Kraków.

FoodCare LLC, a food producing company, plans to invest over PLN 21 million and to employ at least 15 persons. The project will be implemented in Niepołomice. This is already the second investment permission for FoodCare issued by the Kraków SEZ. DORTECH II is a company that manufactures high temperature resistant sealings, based on glass fibre. Although still not widely used, this technology is lately gaining a substantial significance. The investor declared to invest over PLN 550 000 and to employ at least 2 persons. The project will be realized in the Tarnów Industrial Cluster. Since the beginning of 2011 171 persons were employed in the Krakow SEZ while the investments outlays reached PLN 74.5 million. (KPT)

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  • Polish economy grows

    The second quarter of the year saw the Polish GDP grow 4.3%. The growth is higher than expected by economists.

    In the second quarter of 2011, seasonally adjusted GDP grew by 1.1% in real terms (in constant prices with reference year 2000) compared with the previous quarter and was 4.5% higher than the previous year - announced the Central Statistical Office (GUS).

    Non-seasonally adjusted GDP (constant average prices of the previous year) was 4.3 % higher than in the same quarter of the previous year. In the second quarter of 2011 the economic growth was supported by domestic demand. The impact of total consumption expenditure amounted to 1.9 percentage points.

    Also other indicators examined in the second quarter by GUS recorded increases: gross value added in national economy in the second quarter of 2011 was 1.2 % higher, in industry 1.4 % higher, in construction was 4.7 % higher and in market services sector was 0.9 % higher.

    Domestic demand in the second quarter of 2011 was 1.4 %higher  and total consumption expenditure was 0.8 % higher, while individual consumption expenditure grew for 0.9%. Gross fixed capital formation in the second quarter increased by 1.9 %. (Central Statistical Office)

  • Exchange rates (as of 01.09.2011):









Source: www.nbp.pl

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Conference: Employers’ plans: prognoses for 4th quarter of 2011 and 1st quarter of 2011

The conference will take place on September 5th at 10.30 at the PAIiIZ Information Centre, 12 Bagatela Str. in Warsaw.

During the meeting panelists will present the latest results of a survey conducted by the Randstad Research Institute and TNS OBOP in August 2011 among employers in Poland:

  • What measures were employers taking during the last 6 months?
  • What will be the employers reaction to the expiry of the anti-crisis act?
  • Were Poles more interested in the German and Austrian labour market this summer?
  • What will be the condition of the Polish labour market in winter 2011?

Discussion organised after the presentation of the survey will be attended by:

  • Robert Seges, Deputy Director, Regional Development Department, PAIiIZ
  • Agnieszka Bulik, Member of the Randstad Management Board
  • Katarzyna Herman, Director of the Finance & B2B Department, TNS OBOP

R.S.V.P. aleksandra.bigda@paiz.gov.pl

Participation is free of charge.

If you have any questions or concerns please contact us at: 00 48 22 334 98 40.   

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PAIiIZ on the 21st Economic Forum in Krynica

PAIiIZ organizes a panel discussion dedicated to relations with China. The Forum takes place on Sep. 7th in Krynica Zdrój.

The Krynica Economic Forum works as a consultation platform for politicians, businessmen, scientists and journalists from European countries, especially from Central-Eastern Europe. The aim of the Forum is to promote the development of a friendly atmosphere for the development of co-operation among European states.

In the framework of the Forum, on September 7th, the Polish Information and Foreign Investment Agency organizes a discussion panel “China- Central-Eastern Europe”. The panel enjoys the patronage of the Foundation Institute for Eastern Studies.

The aim of the panel is to present the region’s investment climate in the context of the economic cooperation with China.

  • Is Asia becoming the major world power?
  • What does it mean for the CEE countries?
  • Have they already lost their chance?
  • Should we be afraid of China?
  • Is it possible to take advantage of the emergence of the new player on the business world map?

Experts invited to the discussion panel will try to answer these questions: chairman of the panel Mr Sławomir Majman and panelists Mr Sławomir Nowak, Secretary of State at the Chancellery of the President of Poland; Mr Rafał Baniak, Undersecretary of State in the Ministry of Economy; Vice Secretary General of  China Industrial Overseas Development&Planning Association-National Development and Reform Commission and Deputy President of MOFCOM China International Economic Cooperation Society Mr Hongtao Wang, Director of the European Office of World Expo 2010 in Shanghai Ivy Yu Yang and professor Dariusz Rosati. (PAIiIZ)

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Discussion panel on social security on the Economic Forum in Krynica

The panel Social security as a development drive? Employee share ownership plans, retirement pensions, health insurance. will take place on September 7th, 2011 at 4 p.m. during the Krynica Economic Forum. PAIiIZ extends its patronage over the meeting.

The end of the period of high uncertainty in global economy and the end of employment reduction, salary cuts and other benefit restrictions which resulted from the situation, mark the start of employers mobilisation. Companies which want to recruit adequate staff and keep the experienced specialists, need effective staff management programmes.

Can pension programmes, health insurance and employee share ownership plans become a more effective way to get employees engaged and loyal to a company than non-wage benefits? What experience do Polish companies have in the field? The issue will be discussed by panel organizers and invited panelists:

The panel is a result of a common initiative undertaken by three companies which operate on the Polish market: insurance agency Gras Savoye, an audit and advisory company Mazars and a law firm Gide Loyrette Nouel.

The panel will be attended by: Sławomi Majman - President of PAIiIZ, Rafał Baniak - Secretary of State at the Ministry of Economy, Laurent Tirot - Managing Directr at Bouygues Immobilier, Sebastian Mikosz - Advisor at Société Générale, Alexander Konopka - President of the Management Board at Gras Savoye Polska, Michel Kiviatkowski - Managing Partner at Mazars and Dariusz Tokarczuk - Managing Partner at Gide Loyrette Nouel. The panel will be chaired by Tomasz Lis.

The meeting enjoys the patronage of the Polish Information and Foreign Investment Agency (Synergy)

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Let’s talk about responsible business

The conference: “Social corporate responsibility for small and medium enterprises” will take place on Semptember 22nd at 9.00 at PAIiIZ.

During the meeting authors will present the results of the Polish and Swedish edition of the survey RespEn. The commentary on the survey will be delivered by Grzegorz Baran PhD from the Jagiellonian University in Kraków.

The panel discussion Social responsibility of small and medium-sized enterprises will be attended by: Małogrzata Jelińska from the Polish Agency for Enterprise Development (PARP), Mats Dalberg from the Industry Development Centre of Kalmar (IUC Kalmar län) in Sweden, professor Anna Maria Nikodemska-Wołowik, Anna Łuszcz from justcause and Anna Szczesniak from the Office of the programme "Fair Play Enterprise”. The conference will be chaired by Mirella Panek-Owsiańska, President of the Responsible Business Forum. (FOB)

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Editorial office: Polish Information and Foreign Investment Agency, 00-585 Warsaw, Bagatela Street 12
Economic Promotion Department, tel: +48 22 334 99 49, fax: +48 22 334 99 99,
e-mail: redakcja@paiz.gov.pl
Polish Infomation and Foreign Investment Agency www.paiz.gov.pl