POLISH INFOMATION AND FOREIGN INVESTMENT AGENCY
NEWSLETTER
September 8th, 2011,
Issue 243

TABLE OF CONTENTS

 

NEWS

They visited Poland and created a website about the country

The Chinese journalists had taken part in a study tour organized by PAIiIZ and after the visit they decided to create a website where they publish information about Poland. It didn’t take them long to attract over 2 million visitors!

World Expo in Shanghai ended, but Poland is still visible in Chinese media. Zhu Qi, editor of one of the most popular Shanghai websites - Eastday.com has created a website where he publishes latest news from Poland and information about the country.

Zhu Qi, together with four other journalists visited Poland in the framework of a study tour organized by PAIiIZ. The aim of study tours organized by the Agency is to help foreign journalists obtain an insight into the most vital economic issues and general economic situation in Poland. The idea behind the visits is that journalists transmit their experiences and knowledge gained during the visit to public opinion in their countries.


Chinese website about Poland - print screen

Zhu Qi got so interested in Poland that not only did he devote a series of articles to Poland and the country’s economy but decided to create a whole website about  Poland and Polish matters finance.eastday.com/hss/bl/index.html. On the website readers may find an extensive account of his visit to Poland, interviews with leading representatives of Polish politics and business, information about the Poland Pavilion at the EXPO exhibition in Shanghai in 2010 but also up-to-date news concerning the country and articles on the Polish economy e.g. "Decrypt the Polish economic miracle", "Outstanding Poland", "Mystery of the growth of the Polish economy." Soon the website will have new sections: Polish cuisine, daily life in Poland and the Polish youth.

Apart from Qi Zhu the articles are written by other participants of the PAIiIZ study tour: Long Tan Jia of China Economic Weekly, Yang Yu Hong from Shanghai Evening Post and Peng Fei and Xiao Gong, Li Wei of the Chinese central television CCTV. You can reach the website by going to the "special reports" section on the main page of eastday.com. The website is in Chinese. Within a short time it was visited by 2 million people. (PAIiIZ)

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WAIPA - PAIiIZ Study tour - focus on BPO

Representatives of the investment agencies from Armenia, Azerbaijan, Moldova, Tajikistan, Tatarstan and Uzbekistan on a BPO study tour in Poland (28/08 - 02/09).

Together with the World Association of Investment Promotion Agencies (WAIPA) and the Wroclaw Agglomeration Development Agency (ARAW), the Polish Information and Foreign Investment Agency (PAIiIZ) organized a study tour with focus on BPO. Participants could get acquainted with the Polish system of attracting investments in the BPO sector.

In Warsaw participants of the study tour took part in a meeting at the Ministry of Economy, where the Undersecretary of State, Ms Grażna Henclewska welcomed the participants and presented trends concerning Polish relations with the CIS countries.

During their stay in Poland, the group visited Wrocław, where the Wrocław Agglomeration Development Agency (ARAW) organized meetings with companies which take part in the Polish Champion Companies programme. The firms (Selena, Clarena, Impel, Rec Global, Hasco-Lek, TelForceOne, Toya) belong to the most successful companies investing abroad and are interested in further expansion on Eastern markets. Our guests visited also the Wroclaw Research Center EIT+, the biggest R&D project in Poland, worth more than EUR 200 million.

In Wrocław participants took part in a seminar, where Harsh Muthal, CEO and Managing Partner at Tholons delivered a presentation on BPO.

Moreover, the group held meetings with representatives of the Ministry of Foreign Affairs and the Bank Gospodarstwa Krajowego. (PAIiIZ)

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Ten-year anniversary of the establishment of the Radom subzone

A conference organised to celebrate the 10th anniversary of the subzone gathered investors, representatives of business organisations and local authorities.

Radom subzone of the Tarnobrzeg Special Economic Zone was established on August 21st, 2001. Since its establishment the subzone attracted companies which jointly invested about PLN 400 mln and created nearly 1200 jobs. Last year, the Radom Subzone was enlarged and now, with the additional 16 hectares, covers an area of over 151 hectares. Investment areas prepared for development include attractive areas located directly in the vicinity of the international route E77 Warsaw - Krakow. Thanks to the Radom Council’s balanced investment policy, competitive prices of land, skilled workforce available in the region, a scheme of investment incentives and its attractive location, the subzone becomes an important landmark on the Polish investment map.

The conference enjoyed the patronage of the Head of the region of Mazowsze, the Polish Information and Foreign Investment Agency (PAIiIZ) and the Industrial Development Agency. (City Council of Radom)

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PAIiIZ attracted 7 new investors

September 5th, 2011: the Polish Information and Foreign Investment Agency supports 170 investment initiatives. During the last two weeks the Agency started to run 7 new projects!

Projects currently run by the Agency are worth EUR 6.2 billion and the number of jobs which they will generate may exceed 47 000. US investors still constitute the most numerous group of entrepreneurs who run their projects with PAIiIZ - the Agency has currently been supporting 39 projects from the USA. The projects are jointly worth EUR 1.1 billion and may create 8667 jobs. Americans are followed by the British - PAIiIZ has been now developing 18 British projects worth EUR 355 million which will in the future generate 6158 jobs. The third most numerous group is the group of Chinese projects - 15 projects worth EUR 246 million. The Chinese undertakings may create 3046 new jobs. The Agency runs also numerous projects from Germany (13 projects), South Korea and Japan (11 projects from each of the two countries).

 As for the most popular sector in which investors decide to develop their projects, it is still the automotive sectors with 31 open projects worth EUR 2.3 billion and 14371 potential jobs that tops the list. The leading sector is followed by BPO - 28 investment initiatives in which entrepreneurs are ready to invest EUR 39 million and thus to create 9461 jobs and the machine industry which attracted 16 investment schemes worth EUR 705 million with the prospect of 3661 new jobs. Poland is attractive also to investors active in ICT (10 projects), the chemical industry (9 projects) and the R&D sector (7 projects).

During the last two weeks PAIiIZ successfully finished negotiations concerning 8 projects and initiated negotiation procedures in 7 new investment initiatives.

In 2011 the Agency has already closed 36 investment projects worth a total of EUR 970.8 million. Thanks to the projects 8366 jobs will be created. (PAIiIZ)

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More China in Poland

PAIiIZ hosts more and more Chinese delegations of entrepreneurs interested in investing in Poland. At the invitation of the President of PAIiIZ the Agency hosted also Mr Wang Hongtao, representative of the Chinese Ministry of Commerce responsible for international economic cooperation.

Hongtao Wang, Vice Secretary of the China Industrial Overseas Development & Planning Association-National Development and Reform Commission came to Poland at the invitation of the PAIiIZ President Sławomir Majman to take part in the PAIiIIZ panel at the 21st Economic Forum in Krynica. The panel was devoted to the Polish-Chinese economic relations and aimed to present the region’s investment climate in the context of the economic cooperation with China. During his visit to Poland Mr Hongtao held meetings with representatives of the Ministry of Finance, the Ministry of Economy, the Ministry of Treasury, the Ministry of Foreign Affairs, the National Bank of Poland and BGK.

On September 7th a delegation of entrepreneurs from the city of Suzhou in Eastern China attended a meeting at the PAIiIZ seat in Warsaw and met with PAIiIZ Vice President Marek Łyżwa. During the meeting PAIiIZ representatives presented Poland's economic situation and highlighted the country's investment incentives as well as business opportunities. Lu Yi Hong, the Deputy Head of the China Chamber of International Commerce Suzhou emphasised that their greatest inspiration to foster economic contacts with Poland comes from successful investment projects already implemented in Poland like the project by Suzhou Victory in Łódź. Mr Hong confirmed that China does see Poland’s openness towards Chinese investors which finds reflection in the fact that PAIiIZ decided to open its only foreign representation office in Shanghai.

The delegation will take part in the fairs China EXPO Poland 2011 which are organised under the patronage of PAIiIZ and which start in Warsaw on September 8th, 2011. More about the fairs: http://www.china-expo.pl/ (PAIiIZ)

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INVESTMENTS IN POLAND


200 business activity permission issued by the Kostrzyn-Słubice SEZ

Kostrzyn-Słubice SEZ more than 200 business activity permissions issued

On August 31st, 2011 the Kostrzyn-Słubice SEZ issued its 200th and 201st business activity permission.

The permission No 200 was granted to Olsa Poland, a company with Italian capital which produces car lamps.

The company delivers its products to Fiat, Volkswagen, Renault, Opel and BMW. Now Olsa Poland got a permission to expand its existing facility what will require an investment of at least PLN 44 million.

The expansion will result in at least 100 new jobs (70% of the new positions will be geared towards women).

The No 201 permission was granted to Smulders Konstrukcje Lubsko, a company with Dutch capital which will construct a plant in which it will manufacture steel structures for the construction sector and for the production of wind energy.

Production lines and wind energy production technologies which will be implemented by the investor have not yet been used by any other company in the region. The company will rinvest PLN 36 million and will create at least 50 jobs. The project is planned to be finished by the end of 2013. (Kostrzyn-Słubice SEZ)

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McBraida in Euro-Park Mielec

McBraida Polska will invest more than PLN 15.5 million and employ at least 20 people.

McBraida Polska is a company created by McBraida PLC (England) for the implementation of a new project in the Euro-Park Mielec. The British company has been delivering precision components for Rolls-Royce engines which are used in the Airbus, Boeing, Gulfstream aircraft and AgustaWestland helicopters since 1954.

The company will construct its production facility in the Podkarpackie Science and Technology Park AEROPOLIS which forms part of the Mielec Special Economic Zone (Subzone Trzebownisko). The project implementation will make it possible to manufacture technologically advanced components for aircraft engines and other components for the aerospace industry. The investment is planned to be finished in 2014. (ARP)

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MACROECONOMIC POLAND

  • Exchange rates (as of 08.09.2011):

Buy

Sell

USD

2.9703

3.0303

EUR

4.1766

4.2610


Source: www.nbp.pl

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EVENTS

Eastern Poland joins the discussion on the future of special economic zones

Should we keep special economic zones after 2020? Does it pay to convert them into clusters? Entrepreneurs and local governments will discuss this subject on September 16th , 2011 at the Higher Vocational School in Suwałki.

The subject will be discussed during the conference "Eastern Poland - a zone of successful investments. Special economic zones after 2020".  The conference is organized by the Suwałki Special Economic Zone and coordinated by Prospects Magazine.

The event will be attended by the Deputy Prime Minister and Minister of Economy Waldemar Pawlak, representatives of the Suwałki SEZ as well as by delegates from other zones of the region and local government representatives, experts, businessmen and guests from abroad, among others from Lithuania and Kaliningrad.

During the event the Prime Minister Waldemar Pawlak and representatives of Lithuania will sign an agreement concerning the creation of an energy bridge between the countries.

The event will create a perfect opportunity to discuss the future of special economic zones and the role they play in fostering entrepreneurship in Eastern regions of Poland. (Prospect Magazine)

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Visit Zgorzelec to learn more about the city’s investment offer

The conference will take place in the Zgorzelec Culture Centre from September 15th to September 16th.

The conference is dedicated to the presentation of the Zgorzelec investment offer with special focus on the Zgorzelec subzone of the Kamienna Góra Special Economic Zone, as well as the economic and tourism potential of the European City Goerlitz/Zgorzelec.

The meeting will be attended by representatives of local authorities, companies actively operating in the region and institutions which are looking for new employees.

Honourable patronage over the event was taken by the Head of the Sejm Grzegorz Schetyna, Head of the region of Lower Silesia Aleksander Marek Skorupa and the Polsih Information and Foreign Investment Agency (PAIiIZ). (Zgorzelec City Council)

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Oil & Gas 2011

The 9th International Conference and the 16th International Exhibition Oil & Gas 2011 will take place between 21st and 22nd September in Warsaw

The Oil & Gas Conference is a platform of exchange of opinions and experiences concerning the oil & gas industry. The event is geared towards representatives of government and business. This year's programme creates an opportunity to discuss the role of gas in the energy sector, the market of biofuels, new gas sources, gas regulations, privatization and competition among refineries, new pipelines and issues concerning the Polish oil and gas sector in the electoral manifestos of political parties.

This year there will be exhibitors from Russia, the USA, Poland and for the first time ever -  Canada. PAIiIZ has taken patronage over the event. The exhibition will be opened from 10 a.m. to 4 p.m. Entrance is free of charge. For more information on the conference and the exhibition please contact the organizer Zarząd Targów Warszawskich at 0048 22 849 60 06 w. 121; mail: ztw@ztw.pl, www.naftaigaz.com.pl. (ZTW)

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ANALYSES AND REPORTS

Is it calm before the storm on the Polish labour market?

Randstad and TNS OBOP published they latest survey results on employers’ plans.

The survey’s results indicate that the Polish labour market should get more stable after the holiday season. The stabilization may to a large extent result from employers’ cautious approach towards future plans.


Katarzyna Furman, Director of the Finance & B2B. at TNS OBOP; Robert Seges, Deputy Director of the Regional Developemnt Department at PAIiIZ; Agnieszka Bulik, Member of the Randstad Management Board; Katarzyna Gurszyńska, PR Manager at Randstad.

Considerable changes in the level of employment and wage should not be expected. Due to the uncertain economic situation employers tend to benefit from temporary workers. Results of the 12th edition of the survey on employer’s plans indicate that employers do feel the growing sense of uncertainty arising from the current state of the Polish economy. The largest percentage of respondents expect the Polish economy to experience stagnation (51%) in the next six months.


Agnieszka Bulik, Member of the Randstad Management Board

Katarzyna Furman, Director of the Finance & B2B. at TNS OBOP

The percentage of employers expecting promising growth fell from 31% in May to 21% in July. In turn, the percentage of employers who fear the come back of recession grew to 16% in July  when compared to 11% in May. Pessimistic attitudes of employers are reflected in the personnel policy of firms. Only one in five (20%) predicts an increase in employment in the next six months. Yet actual actions employers in Poland take are more optimistic than their projection. While in the February Randstad and OBOP survey 24% of employers declared to increase employment in the coming six months, data for the last month of the year shows that in fact 35% of employers decided to hire new people.


Katarzyna Furman, Director of the Finance & B2B. at TNS OBOP; Robert Seges, Deputy Director of the Regional Developemnt Department at PAIiIZ; Agnieszka Bulik, Member of the Randstad Management Board; Katarzyna Gurszyńska, PR Manager at Randstad.

However, the Randstad survey does indicate a growing interest in temporary work. Data provided by the Polish HR Forum shows that the 2 quarter of 2011 saw as many as 49 000 people employed on a temporary basis. This is the highest number of temporary workers recorded in Poland as the form of employment has been used in the country for a relatively short period of time.

Employers' plans is a survey conducted by TNS OBOP and the Randstad Research Institute. The survey’s results are published quarterly in cooperation with PAIiIZ.

More information:
Katarzyna Gurszyńska,
Randstad,
Tel. 0048 695 155 355,
email: katarzyna.gurszynska@pl.randstad.com,
http://www.paiz.gov.pl/20110905/wyniki_badania_randstad

(Randstad)

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“Employers’s Guide to Poland”

New PAIiIZ publication.

The new publication is written by the specialists from the Gide Loyrette Nouel law firm, the audit company - Mazars and the biggest insurance broker - Gras Savoye.

The publication refers to the legal, tax and insurance conditions on the labour market in Poland. It can be an interesting reading both for the entrepreneurs acquainted with the Polish market as well as for the foreign investors that are just starting their business activity in Poland.

The guide includes an introduction written by the President of the Polish Information and Foreign Investment Agency (PAIiIZ) - Mr Slawomir Majman.

The patronage over the publication, aside from PAIiIZ, was taken by the British-Polish Chamber of Commerce (BPCC) and the French-Polish Chamber of Commerce and Industry (CCIFP - Chambre de Commerce et d'Industrie Francaise en Pologne). (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