November 3rd, 2011,
Issue 251




PAIiIZ starts negotiations with new investors

The last two weeks saw the Agency close 3 projects and start talks with 4 new investors.

October 28th, 2011: the Polish Information and Foreign Investment Agency supports the development of 161 investment projects jointly worth EUR 6.85 billion which may generate 47 859 jobs.

Three projects in which the negotiation processes were successfully finished over the last two weeks are jointly worth EUR 2.7 million and will create 150 new jobs. All the investors come from the USA and are active either in the R&D or the ICT sector.

There are no changes in the list of investors interested in Poland if we analyse the list by the country of origin of investing company - still American companies top the ranking (PAIiIZ now has 40 projects in the pipeline worth EUR 1.1 billion and potential 9,935 jobs). From among projects currently negotiated by PAIiIZ 17 come from the UK (worth EUR 378 million and potential 6,252 jobs), 15 from Germany (EUR 489 million and 4,522 jobs) and 11 from each of the Asian countries - South Korea, China and Japan.

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The most popular sector is still the automotive sector (32 projects, EUR 2323 million and 15,242 jobs), the BPO (29 projects, EUR 33 million and 9,372 jobs), the machine sector (11 projects, EUR 658 million and 2,946 jobs) the electronic industry (9 projects) and ICT (7).

This year the Polish Information and Foreign Investment Agency held talks and successfully finished negotiations with 48 investors who decided to invest in Poland a total of EUR 1067 million. Projects implemented by the companies will create 9,306 jobs.

The latest data published by the National Bank of Poland (NBP) shows that FDI inflow to Poland in 2010 reached EUR 6.7 billion. (PAIiIZ)

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The biggest Polish-Chinese conference took place in Warsaw

“Hong Kong - Guangdong Business Conference in Warsaw 2011” - one of the biggest economic conferences organised in the CEE region took place on October 27th, 2011 in Poland. The Polish Information and Foreign Investment Agency co-organised the event.

The meeting in Warsaw was attended by over 600 representatives of business and government circles from the Special Administrative Region of Hong Kong and the Chinese province of Guangdong. The event attracted some 1000 representatives of Polish business who are interested in investing in China.

A meeting of such a scale and prestige which does help businesspersons establish new contacts and exchange ideas concerning common initiatives was for the first time ever held in Poland. The Polish Information and Foreign Investment Agency w co-organised the event was represented by the Agency's President Mr Sławomir Majman.

President of PAIiIZ Sławomir Majman chaired the opening session of the conference

Polish Prime Minister and Minster of Economy Mr Waldemar Pawlak who also attended the event claims that for the Chinese businessmen Poland is the best gateway to the European Union.

- Poland is our important business partner and a continuously growing market. The country’s good economic condition found reflection in that Poland was the only country which had a positive GDP growth during the times of crisis - said Huang Huahua the Governor of the Guangdong Province during the conference.

- We try to encourage Polish companies to enter our market and to start their business in Hong Kong which may be the starting point for their expansion to the market of continental China. I am deeply convinced that the conference will result in numerous Polish-Chinese projects - said Stephen Lam, Secretary General for Administration of the Special Administrative Region of Hong Kong. During the conference the Polish Information and Foreign Investment Agency and the Department for Foreign Trade and International Cooperation of the Guangdong Province signed a cooperation agreement.

This was the 10th business conference organised by the Special Administrative Region of Hong Kong and the administration of the Province of Guangdong. In previous years similar conferences were held in New Delhi, Sydney, Madrid, Paris, San Francisco, Vancouver, London, Tokyo and Seoul. The fact that this year it was Warsaw that hosted the meeting has a lot to do with the growing volume of trade transactions between Poland and Guangdong - last year USD 2.3 billion. The trade volume between Hong Kong and Poland places the country among Hong Kong's strategic partners. (PAIiIZ)

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Korean IT companies in PAIiIZ

The companies visited PAIiIZ on October 28th, 2011 and held a meeting with representatives of the Agency and the Management Boards of eastern regions of the country.

PAIiIZ organised the meeting to present the Korean delegation the investment potential of Poland and cooperation opportunities awaiting foreign investors in the IT sector in Poland especially possibilities connected with the broadband development strategies in Eastern Poland. Details of the opportunities were presented by representatives of the Management Boards of the regions of ¦więtokrzyskie, Warmia and Mazury, Podlasie and Lublin.

- Poland and South Korea are similar in a number of aspects. Over the last 30 years we have made an extraordinary progress - said Choi, Hee Jeong, Director at the Intergen Group. - Today in Korea we see technologies and IT as major drivers of our economy - he added.

- 30% of all Korean investment projects located in the CEE region are developed in Poland - emphasised Marek Łyżwa, Deputy President of PAIiIZ - and the value of accumulated Korean investments in Poland reached EUR 1.4 billion.

At the moment the Polish Information and Foreign Investment Agency supports the development of 11 investment projects from South Korea which are jointly worth EUR 248 million and may generate 1,400 jobs. (PAIiIZ)

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Mission: America

The Polish Information and Foreign Investment Agency organised a trade mission to the United States. Thanks to the mission presidents of Polish cities and towns, heads of the Voivodeship Executive Boards and presidents of Polish special economic zones had an opportunity to present the investment potential of their regions.

The mission included meetings with representatives of American companies, trade institutions and science and technology parks. Members of the mission visited, among others, a station of hydrogen-powered buses, the Office of Film, Television and Digital Media, Aero Tech School, met the authorities of the state of Connecticut, the Connecticut State University and the U.S Commercial Services.

From the left: Michał Urbankowski - consul, Renata C. Vickrey from Polish Studies Program at Central Connecticut State University, Henryk Sanecki - consul, Melisa Grosso - specialist of international trade and Paweł Pytlarczyk - consul. Author: MAGDALENA KALKOWSKA

On October 19th, 2011 the delegation took part in a meeting "Poland: Business Partner in Central Europe” in New York. The meeting was organised by the Trade and Investment Promotion Section of the Polish Consulate General in New York and the European-American Chamber of Commerce. On October 21st, 2011 the delegation had the chance to attend a seminar “Poland Trade Day” in New Britain which included “one-to-one” sessions. On October 24th, 2011 the mission participants took part in a conference devoted to the prospects of cooperation between Poland and the state Georgia in the times of Polish UE presidency. In order to form a concrete framework for the future cooperation, dialogue and intensified trade contacts representatives of the State and PAIiIZ signed a cooperation agreement.

Members of the Polish delegation. Author: MAGDALENA KALKOWSKA

The mission was held from October 18th to October 29th, 2011 and included representatives of the authorities of the city of Częstochowa, ŁódĽ. the region of Kujawy and Pomorze, ¦ł±sk and the Mielec and Łódż SEZs. The idea behind the mission was to attract new investor to Poland, promotion of the country among members of the American business environment as well as establishment of new business contacts. (PAIiIZ)

From the left: Marek Łyżwa - vice-president of PAIiIZ, Denise W. Merrill - Secretary of State Connecticut and Henryk Sanecki - consul. Author: MAGDALENA KALKOWSKA

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Mando starts constructing a facility in Poland

The foundation laying Cremony took place on November 3rd, 2011 in Wałbrzych.

The facility, which is situated within the Wałbrzych Special Economic Zone, will manufacture, among other things, brake systems, steering columns, traction control systems and shock-absorbers. By the end of 2015 the company plans to invest PLN 390 million and will create 280 jobs.

The company has been hiring over 3.5 thousand people. Outside Korea the concern has factories in China, Malaysia, Turkey, India and the USA. Mando is a supplier of GM, Ford and DaimlerChrisler.

The project was supported by the Polish Information and Foreign Investment Agency. (PAIiIZ)

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New investment projects in the Mielec SEZ

Contenur Polska and Concrete Leżajsk will invest in the Mielec Special Economic Zone EURO-PARK MIELEC over PLN 21 million and will hire at least 44 people.

Contenur Polska headquartered in Mielec was created by Contenur SL, producer of waste containers, garden furniture and playground equipment. In the Mielec SEZ the company will manufacture large-size waste containers. The company will invest at least 30 people and will invest PLN 18.9 million.

Concrete Leżajsk will construct a facility producing concrete and prefabricated elements within the Leżajsk subzone. The company will invest over PLN 2.7 million and will hire at least 14 people.

Since the beginning of 2011 the Mielec SEZ issued 15 business activity permissions which will make it possible to implement projects worth PLN 151 million and will create 341 new jobs. (the Industrial Development Agency)

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Two business activity permissions in Zator

The Zator subzone in the Kraków Technology Park attracted new investors - Argo-Hytos Polska and Ekowafel.

Zator is one of the most recently established zubzones of the Kraków SEZ. The subzone which is geared towards small and medium-sized companies was established on April 14th, 2009. Due to the latest change of borders the subzone‘s area rose from 4.9 ha to 28.5 ha.

Argo-Hytos which combines modern solutions in the field of filtering with hydraulic and lubricating systems will manufacture products which may be implemented both in stationary industrial and in mobile hydraulics. The company will invest over PLN 4.6 million and will increase the current level of employment by at least 5 persons.

Ekowafel has been active in the sectors of confectionery. In Zator Ekowafel will invest PLN 2 million and will hire at least 5 persons. (the Kraków Technology Park)

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  • Exchange rates (as of 03.11.2011):









Source: www.nbp.pl

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Investment conference in Piła

Piła and the Polish Information and Foreign Investment Agency have the pleasure to invite you to the conference Piła - Development and Investment which will take place on November 24th, 2011.

The conference aims to showcase the economic potential of the city on the background of the region, including the potential of the Piła subzone of the Pomeranian Special Economic Zone which was created last September.

The Conference will also provide an opportunity to organize a discussion concerning the importance of investment for the development of the city and region. The debate will be attended by representatives of all levels of local government, representatives of PAIiIZ, the SEZ, entrepreneurs and representatives of higher education institutions.

PAIiIZ which signed a cooperation agreement with the city in July 2011 supports the conference and encourages all interested parties to attend the event.

For more information contact: the Development and European Funds Section of the Piła City Council at +48 67 201 42 18, +48 67 210 42 21 or via e-mail: bfe@um.pila.pl. (Piła / PAIiIZ)

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Conference: investment attractiveness of Polish regions

The conference will be held in the seat of PAIiIZ on November 15th, 2011 at 12.00.

During the conference the Polish Information and Foreign Investment Agency and the Warsaw School of Economics will present a publication ”Report of the investment attractiveness of Polsih regions. From a diagnosis to the success of regional policy”.

More information next week in our Newsletter. (PAIiIZ)

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Belgian Business Chamber invites you to a seminar

Stimulated to become innovative. Benefits from new technologies in business.

The idea behind the seminar is to stimulate cooperation between entrepreneurs and the academic world.

The seminar includes a presentation which shows why it is good for a business to focus on innovative products and implement innovative processes and procedures.

At the end of the meeting representatives of the business and academic milieus will gather at a round table to discuss issue vital for a better cooperation between the two circles.

Participation in the event is free of charge. There is a limited number of places available so please register by November 13th, 2011. For more information please visit: www.belgium.pl. (Belgian Business Chamber)

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Conference: Wind energy sector in Poland in 2011

The Polish Information and Foreign Investment Agency, the consulting group TPA Horwath and the law firm Domański Zakrzewski Palinka invite you to a conference “The wind energy in Poland 2011”.

The conference will take place on November 9th, 2011 (Wednesday) at 10.00 at the PAIiIZ Information Centre at 12 Bagatela Str.

During the meeting PAIiIZ, TPA Horwath and the law firm DZP will present the report “Wind energy in Poland”.

Participation in the conference is free of charge. The conference will be translated into English. R.S.V.P. agnieszka.garbacz@paiz.gov.pl. (TPA/PAIiIZ)

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Polish investment abroad

PAIiIZ invites you to take part in a conference Polish companies investment abroad which will take place on November 14th, 2011 at 10.00 in PAIiIZ.

During the conference we will present and discuss a report prepared by the Mikołaj Kopernik University on Polish foreign investments. We will also sign a cooperation agreement with the Bank Gospodarstwa Krajowego (BGK). Detailed programme of the meeting will sonn be available on oure website in the Events section.

RSVP: karolina.dresler@paiz.gov.pl. (PAIiIZ)

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Foreign investors assess Poland’s investment climate as good!

Foreign investors like Poland’s high internal demand, easy access to well-educated staff and the country’s political stability - shows the latest PAIiIZ report on climate for business in Poland. The overall rating of Poland’s investment attractiveness this year is the highest since the survey has been conducted.

Every year PAIiIZ asks foreign investors active in Poland how they see the country’s investment conditions. This year we publish the 5th edition of the survey in which 6 out of 10 surveyed companies assessed Poland's investment climate as very good or good. The average rating this year is 3.59 and is the highest since the beginning of 2007 when the first survey was conducted. The most appreciated factor was the size of the market (4.04) and access to a pool of highly-skilled people from which to choose workforce (3.88) - the factor was rated at good or very good by twice the number of people who assessed it this way in 2007. The next most highly assessed aspect of the climate for business is the country’s political stability - 3.84. Almost ¾ of the surveyed perceive the situation as good or very good while 5 years ago this aspect was one of the weakest elements of the overall climate. Within the last 5 years assessment of Poland's political stability rose by 1.6 i.e. the biggest increase from among all the assessed factors.

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Taxes and other fiscal charges were assessed at good or very good by every 4th surveyed i.e. 2 times more than last year.

The worst assessed factor is road infrastructure. Yet it is worth emphasising that the last 5 years saw an improvement in the assessment of the aspect from 1.6 in 2007 to 2.3 this year. The second worst assessed aspect are law regulations which were positively assessed only by every 5th surveyed company (21%). Over half of the surveyed was positive about the cooperation with local administration.
The overall climate for business in Poland in 2011 was assessed as good while it was perceived as satisfactory last year.

For more information please contact: agnieszka.garbacz@paiz.gov.pl. (PAIiIZ)

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Eastern Poland on the aviation sector fairs AIRTEC in Frankfurt

17 companies from Eastern Poland present their offer on the international fairs of suppliers for the aviation sector AIRTEC which have been taking place in Frankfurt between November 2nd-4th, 2011.

AIRTEC is one of the most important events for entrepreneurs in the aerospace industry in Europe. Last year the fairs hosted such exhibitors as Embraer, the Boeing Company, Bombardier Pratt&Whitney, Avio and Saab. This year Poland is the Partner country of the event.

This year the stand of Eastern Poland presents, among other things, an ultra-light MP-02 aircraft Czajka manufactured in the Krosno-based Aero-Kros and the Mars exploration rover Magma2 created by students from the Białystok University of Technology. In Frankfurt the team promoting Eastern Poland will organise a special evening meeting Airtec Get Together Evening.

Entrepreneurs representing the region of Eastern Poland could take part in the fairs thanks to the European Regional Development Fund under the Operational Programme - Development of Eastern Poland within the Programme of Economic Promotion of Eastern Poland, Measure i.4., Component Promotion, I Priority Operational Programme - Development of Eastern Poland. (PAIiIZ)

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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