POLISH INVESTMENT AND TRADE AGENCY
NEWSLETTER
 April 21st, 2017,
 Issue 533

INVESTMENTS IN POLAND

Wawel is developing in Kraków's Technology Park
Wawel, a world-renowned confectionery producer, has decided to increase the production capacity of its plant in the Kraków Special Economic Zone.

The factory in Dobczyce will be expanded and equipped with modern production lines. As part of the investment project, at least 18 new jobs will be created. This is the second permission for this company to operate in the Kraków SEZ.

Wawel is one of the oldest confectionery manufacturers in Poland. The company specialises in the production of chocolate products, candy bars, biscuits and light products. Since 2006, the plant, which was associated with Krakow, moved the entire production to Dobczyce. (KPT)

EVENTS

Forum Poland - India with the participation of the countries’ authorities
April 27, 2017 at the seat of the Ministry of Economic Development, Plac Trzech Krzyży 3/5 the Polish-Indian Business Forum will be held. The event will be participated by the Vice President of India Mohammad Hamid Ansari, Prime Minister of Poland Beata Szydło and Deputy Prime Minister and Minister of Economic Development and Finance Mateusz Morawiecki.

The forum is organised on the occasion of the visit of Vice President MH Ansari in Poland.


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The event will start at 3 pm. Due to tightened security procedures, please confirm your participation by email to Lucyna.Jaremczuk@mr.gov.pl by 24 April.

More information: www.paih.gov.pl/20170427/forumpolska_indie_z_udzialem_wladz

International Week Warsaw in May in Warsaw
From 6-14th May 2017 Polish Students’ Association will held the 24th International Week Warsaw. The event is organised under the patronage of the Polish Investment and Trade Agency.

Students of the Warsaw School of Economics together with 20 guests from the best business schools in Europe and Asia will have a chance to get to learn about Polish business and culture. Throughout the Company Visits and Case Studies, students will have a closer look on the characteristics of Polish business and the internal market.

The main goal of the International Week Warsaw is to show the assets of Poland. After each edition, vast majority of the participants come back to Poland for Erasmus programme or seek for job opportunities. (ZSP)

More information: http://iww.zspsgh.pl

ANALYSES AND REPORTS

AHK: 95% of German investors enjoys their projects in Poland
Poland attracts investors by its highly-qualified employees, wide availability of local suppliers and the European Union membership. Whereas the lowest-scoring factors according to foreign companies were the political and social stability, and the predictability of economic policies - these are the results of the 12th Economic Survey of the German-Polish Chamber of Industry and Commerce, carried out in cooperation with thirteen other bilateral chambers in Poland, operating within the International Group of Chambers of Commerce. The survey was carried out among 369 foreign companies operating in Poland.

Poland is the regional leader when it comes to investment attractiveness. Apart from foreign investors operating in Poland, Poland and other CEE countries were evaluated by 1365 German investors operating in 15 other markets of the region. In 2017, similarly to 2016, Poland ranked 2nd in the European ranking (behind the Czech Republic) with a score of 4.09 out of six possible points, which means that the distance to the Czech Republic that scored 4.13 points has shrunk to as little as 0.04 points. The remaining top-ten countries are: Slovakia, Estonia, Slovenia, Latvia, Croatia, Lithuania, Hungary and Romania.

The survey was based on a total of 21 investment attractiveness factors. Similarly to last year, the EU membership and employees’ qualifications are the highest-rated factors according to foreign companies operating in Poland. The quality and availability of local suppliers is getting better results year by year, and this time was ranked third. Position number four in the survey is held by the adequacy of higher education, and the last top-five factor is the productivity and motivation of employees.

In comparison with last year, the 2017 survey shows a better evaluation of the transparency of public procurement law (which moved four positions up in our attractiveness factors’ ranking) as well as the effectiveness of fight against corruption and economic crime. Comparing to last year, the score of legal safety dropped significantly. The factors of legal flexibility of employment and availability of employees also scored less in 2017.

A turning point in global economy?
Global economic activity is picking up. World growth is expected to rise from 3.1% in 2016 to 3.5% in 2017 and 3.6% in 2018 - reports International Monetary Fund in its World Economic Outlook. However, structural impediments to a stronger recovery and a balance of risks that remains tilted to the downside, especially over the medium term, remain important challenges.

The International Monetary Fund has announced a long-awaited cyclical recovery in investment, manufacturing, and trade. In some countries as the US or the recovery was stronger-than-expected. Therefore, the Found has revised the projected world’s growth from 3.4% to 3.5% in 2017. Also in Poland, the economy is picking up. The Found forecasts that Poland will be one of the faster growing economies in Emerging Markets of CEE with GDP growth climbing from 2.8% in 2016 to 3.4% in 2017. That is 4 percentage points higher than the whole region and close to the expected world’s growth this year.


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While there is a chance growth will exceed expectations in the near term, significant downside risks continue to cloud the medium-term outlook, the expert argue. They also add that now, the global economy might be a turning point. A shift towards protectionism is observed. They stress the need for credible strategies in advanced economies and emerging market and developing ones to tackle a number of common challenges in an integrated global economy.

More information: www.imf.org/en/Publications/WEO/Issues/2017/04/04/world-economic-outlook-april-2017#Summary

FROM THE REGIONS

Opole trains young entrepreneurs
Opole launched a pilot Business Mentoring Programme. Its main purpose is to transfer knowledge from experienced businessmen to companies that are just starting their business.

The project is targeted at SMEs companies with less than 5 years of market presence, but with high growth potential. The cooperation with experienced managers can help them to understand how to make business to be durable and promising. Managers of the largest local companies, such as Górażdże Cement and Nutrica, will take over the role of mentors.


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The project is organised by the Opole Lodge of the BCC. The Opolskie Centre for Economy Development as well as Opole and “Silesia” Chambers of Commerce were also involved in the initiative.

Applications for participation in the project are accepted until 25th of April at: a.tkocz@ocrg.opolskie.pl. (Opolskie.pl)

DID YOU KNOW...?

Gdańsk among the winners of the European Best Destination 2017
Gdańsk was chosen as one of the most “to be seen city” in the European Best Destination 2017 rank. This is Gdansk's first participation in this European competition and it has reached the top 3 of your best European destinations, next to Porto and Milan. This is the first such case in the history of this plebiscite.

20 selected destinations have just competed for the prestigious title of Best European Destination 2017. Almost 427 thousand votes decided about the final arrangement of places amongst 20 participants. Gdansk superseded such renown cities like Rome, Paris and Vienna. Voters appreciated beautiful architecture, rich history and unique atmosphere of our city.


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Więcej informacji: www.europeanbestdestinations.com/best-of-europe/european-best-destinations-2017


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Polish Investment and Trade Agency www.paih.gov.pl