POLISH INFOMATION AND FOREIGN INVESTMENT AGENCY
NEWSLETTER
 November 13th, 2014,
 Issue 408

NEWS

French media in Poland
The study visit of French media who arrived to Poland on the invitation of Polish Information and Foreign Investment Agency has started. On 12 November the journalists met president Sławomir Majman and Foreign Investment Department director Iwona Chojnowska-Haponik who presented the investment climate in Poland.

The meeting at PAIiIZ focused on Polish-French investment cooperation. Currently, among projects operated by the Agency, French investors are listed on the strong, third position. PAIiIZ runs 11 French projects totally valued at €178,7m which can create 3404 new workplaces.

Journalists represent leading French media: La Tribune, Les Echos, Le Figaro and Le Monde. In the programme of the few days study-tour, there are the meetings at companies (Samsung, Saint Gobain, Asseco), the Ministry of Economy, National Bank of Poland, National Centre for Research and Development, French Embassy, French Chamber of Industry and Commerce and Katowice Special Economic Zone.

More information: www.paiz.gov.pl/20141112/french_media_in_poland. (PAIiIZ/KPMG)

Bulgarians put on Polish jewellery
The 22 “Designed in Poland” exposition held in Mega Mall in Sofia has just finished. Exhibition in Bulgaria attracted many thousands of visitors. As the best project of the exhibition the Bulgarian audience has chosen Polish specialty - amber. The winner is the S&A company from Gdynia.


Jewellery S&A

The most interesting, according to the visitors, was a jewellery which combines unique design and perfect quality. Winning brand, S&A company, produces decorations for demanding women, who appreciate the originality and beauty. Bulgarians also appreciated the chairs from Iker. Third place was taken by ex aequo Marcin Nowak and Radek Szwed for jewellery. The first creates exlusive jewellery using precious stones, the second - proposes geometric shapes and contrasting range of colours.


Iker chairs

“Designed in Poland” exhibition has been arranged by PAIiIZ and Promotion, Trade and Investment Section of the Polish Embassy in Sofia. The exhibition presents Polish design, art and Polish creators. The project is held since 2005.


Marcin Nowak

Radek Szwed

More information: www.paiz.gov.pl/20141112/bulgarians_put_on_polish_jewelery. (PAIiIZ)

INVESTMENTS IN POLAND

Automotive cornerstone
November 13 in Września the ceremony of laying of foundation stone for the Volkswagen factory was held. The first models of Volkswagen Crafter will be produced in the second half of 2016.

The ceremony was attended by deputy prime minister Janusz Piechociński, undersecretary of state at the Ministry of Economy Ilona Antoniszyn-Klik, president of PAIiIZ Sławomir Majman and the representatives of the Volkswagen Group.

Deputy prime minister Janusz Piechociński said that decision of the location of the German factory in Poland is a confirmation of the investment attractiveness of Poland. "Today's ceremony is also the beginning, I hope, of the long-term cooperation with local companies able to provide services at a high level”, he added. "Such a big investment as Volkswagen does not happen every day. Either in the country scale, or even on a continental scale", said president Sławomir Majman.


VW factory construction site (source: PAP)

On the area of 220 ha, a modern car body construction hall, paint shop, assembly hall and suppliers park with logistics space will be built. This investment means also new jobs: 3,000 people will be employed in the plant. "I think that many years will pass before another such great investment will be placed in Europe. I am sure that this project will contribute to the reindustrialisation of Poland", president Majman added.

Currently, the share of Polish suppliers of automotive parts for the Volkswagen factory in Poznań is over 40%.

More information: www.paiz.gov.pl/20141113/automotive_cornestone. (PAIiIZ/VW)

45 completed FDI projects in 2014
45 completed FDI projects with a total value of €1,782.04 m and planned 7,604 new jobs - this is the effect of the support provided by PAIiIZ for foreign companies operating in Poland.

Currently, there are 175, €3,834.59m - worth ongoing investment projects supported by the Agency. They all together can create 38,648 new jobs.

The leading position among countries with the biggest number of investments has been maintained by the US. Their total value is €989.45m and they all can create 8,345 in the future. The second place is held by German investors that provide 26 investment projects. French and British investors are providing 11 projects, each. British projects are worth €89.3m while the number of new jobs is 1,715. PAIiIZ also supports 9 projects from Korea and India.


auris - Fotolia.com

Among the most popular sectors there are BPO with 39 projects, automotive sector with 35 projects and an impressive total value of €1,030.25bn, R&D (14 projects, €57.2m; 1,766 new jobs); aviation (12 projects); wood (9 projects) and electronic sector (7 projects).

More information: www.paiz.gov.pl/20141107/45_completed_fdi_projects_in_2014. (PAIiIZ)

MACROECONOMIC POLAND

  • Exchange rates (as of 13.11.2014):

Buy

Sell

USD

3.3535

3.4213

EUR

4.1773

4.2617

Source: www.nbp.pl

EVENTS

Automotive CEE Day
PAIiIZ took the patronage over the Automotive CEE Day that will be held on 19 November in Best Western Hotel in Kraków.

This is an automotive event with an unique interactive format (its attendees can invite other attendees to B2B talks). B2B business talks between automotive companies in CEE countries which are interested in establishing cooperation in the area of production nationally and internationally is a main objective of the meeting. Among the attendees there are: OEMs (manufacturers of cars, delivery vehicles and lorries), manufacturing suppliers and non-manufacturing suppliers

More information: www.automotiveceeday.eu/en. (AutomotiveSuppliers)

20 years of SEZs in Poland
This year, Poland celebrates the 20th anniversary of the introduction of Special Economic Zone Programme to the country. On this occasion, on 20 November, Teatr Narodowy in Warsaw will hosts a “20 Years of SEZ in Poland” Gala.

During the Gala, companies and the most important achievements provided under Polish SEZs will be awarded.

There are 14 Special Economic Zones in Poland. Since the establishment of zone programme about PLN 95bn have been invested and 270,000 new jobs where created there.

More information: www.kpmg.com/pl/20latSSE. (KPMG)

Wind Energy in Poland
On the 21st of November at 11.00 a press conference on wind energy will be held at the PAIiIZ Information Centre.

During the conference, the 6th „Wind Energy in Poland” report will be presented. The publication presents the most important aspects of the planned law regulatory on renewable energy as well as benefits and risks for the sector and its development.

Registration is available via: www.paiz.gov.pl/energetyka_wiatrowa.

More information: www.paiz.gov.pl/20141121/wind_energy_in_poland. (TPA Horwath)

Forum MotoSolutions
PAIiIZ took the patronage over the event entitled “Forum MotoSolutions-best practices”, that will be arranged between 20-21 November in Jawor.

During this year’s 5th edition of the Forum experts will focus on the current issues related to automotive sector in Poland and Europe as well as the impact of the biggest investments as Volkswagen’s or Polaris in Poland.

5th Forum MotoSolutions is addressed to CEO’s and managers of the automotive sector.

More information: www.motosolutions.pl. (MotoSolutions)

Food sector in Abu Dhabi
“Poland your business partner - cooperation opportunities in the food sector” is the title of the conference which will take place on 25 November, during the SIAL Middle East trade fair.

During the conference, representatives of Polish government institutions, such as the Ministry of Agriculture, the Agricultural Market Agency, and the  Trade and Investment Promotion Section in Abu Dhabi, as well as the PAIiIZ and Polish business representatives will demonstrate Poland’s economic potential and present prospects for economic cooperation between Poland and the UAE, especially in the food sector.

Registration: www.paiz.gov.pl/Polish_food. (PAIiIZ)

Auto Forum & Business Day 2014
On the 25th and 26th of November the Auto Forum & Business Day 2014 will take place in Wrocław. PAIiIZ is a patron of the event.

On the first day of automotive conference, the speakers will discuss the automotive sector situation, forecasts, improving efficiency and searching for ways to maintain competitiveness.

More information: www.autoforum-businessday.pl. (Auto Forum & Business Day)

Polish-Belarusian Economic Forum
Ministry of Economy, PAIiIZ and the Polish-Belarusian Chamber of Commerce invite you to participate in the Polish-Belarusian Economic Forum. The event will be held on 1 December at 11 am at the Ministry of Economy.

Polish-Belarusian Economic Forum dedicated to companies which representatives such sector as: agri-food processing, construction, energy, ICT, transport and logistics and industry. After the Forum, the B2B session between Polish and Belarusian companies will be arranged.

Companies interested in participation in the event should register on-line until 28 November, www.paiz.gov.pl/Polska-Bialorus. (PAIiIZ/MG)

Cooperation in third markets - Africa
PAIiIZ and Ministry of Foreign Affairs invite you to the meeting which will focus on “Business cooperation in third markets - Africa”. The event will be held at ul. Brukselska 23 (Klub Kultury Saska Kępa) in Warsaw.

On-line registration www.paiz.gov.pl/third_markets until 5 December

More information: www.msz.gov.pl/pl/polityka_zagraniczna/zagraniczna_polityka_ekonomiczna. (PAIiIZ/MSZ)

ANALYSES AND REPORTS

Expenses on B+R in Poland
According to the information published by The Central Statistics Office of Poland in 2013, private sector spending on R&D increased 17,8% comparing to 2012. In 2011-2013 expenditures of companies on this purpose increased by 80%.

In accordance with data from CSO, internal expenditure on research and development GERD (Gross Domestic Expenditure on R&D) in Poland in 2013 amounted to PLN 14 424 m. It signifies an increase of almost PLN 71m comparing to 2012. The GERD ratio calculated as a share of internal expenses on B+R in GDP has slightly decreased from 0.89% of GDP in 2012 to 0.87%. The highest GERD increase was reported in 2012, it ranged at 23%. For comparison, in 2009 GERD ranged at PLN 9.07m, the internal expenditures on B+R and accounted for 0.67% of GDP. (GUS/NCBR)

Polish ICT Market
Polish ICT market is one of the most innovative market sectors. ICT makes almost 8% of the GDP of Poland and is responsible for almost 8% of Polish exportation. It is a source of 3% of workplaces in Polish economy - according to data provided by the Polish Ministry of Economy in “The Polish ICT Market 2014” presentation.

In Poland, 2.5% of companies operate in the ICT sector (about 50 thousand in SME sector and 1.8 thousand of large enterprises). According to the information by CSO, expenses incurred on R+D sector by ICT companies in 2012 amounted to over 280 million PLN and were higher by 21.9%. Whereas the total value of ICT exportation in 2012 ranged at 8.9% billion EUR, what accounted for 6.2% of the overall Polish exportation. Ministry of Economy estimates that in 2020 companies contribution to the GDP will range at 15%. E-commerce is also developing in Poland with double-digit growth each year. Currently it makes 4% of the overall commerce and it is estimated that in 2018 it can reach 9%. (MG)

Managers from Central and Eastern Europe
According to the survey prepared by Gladsfrod International, managers from Central and Eastern Europe can be a real export hit. Currently, about 2/3 of international companies outside our region employs managing staff from CEE.

Experts argue that due to Poland’s big internal market, Poles are open for all trends coming from the West. Therefore Polish managers not only are well prepared to work abroad but they more frequently become a guiding light for their colleagues from other countries. Managing staff from CCE is said to be open for new experiences and learn very fast, so the gap of skills between them and their colleagues is shrinking immediately. (Glasford International)

Polish exports goes up
Polish Central Statistic Office has published data on Polish foreign trade in the nine month of 2014. Export from Poland increased by 4.6% y-o-y, imports by 4.8% y-o-y.

After nine months of 2014 exports grew to the developed markets. It increased by 6.8% far more than imports (2.9%). Polish exports of goods to EU countries rose by 7.1%. Polish export increased by 3.6% to non-EU developed markets. In January - September period, sales to emerging markets and less developed decreased by 5.6%.

Sales of goods to other emerging markets (outside the CIS) grew in this period by 6.1%. Among this group of countries export increased significantly to Algeria, Emirates (by 48%), Saudi Arabia (by 42%), Singapore (by 12%) and China (by 8.5%).

There is visible growth of exports in the dominant Polish trade sectors such as light engineering industry (by 11.8%), agri-food products (by 5.2%) or electromechanical products (by 5%). (MG/GUS)


Editorial office: Polish Information and Foreign Investment Agency, 00-585 Warsaw, Bagatela Street 12
Information and Communication 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

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