|POLISH INFOMATION AND FOREIGN INVESTMENT AGENCY|
March 13th, 2014,
Go Ghana! Go Senegal!
How to invest effectively in Ghana and Senegal? The macroeconomic, legal and political situation of those countries, as well as cultural differences in doing business between Poland and Africa were discussed during a workshop addressed to Polish entrepreneurs.
Polish businessmen are becoming increasingly focused on new markets as Africa. The challenges of doing business in Africa especially in terms of business communication and cultural differences were presented by under-secretary of state in the Ministry of Foreign Affairs, Katarzyna Kacperczyk, PAIiIZ president Sławomir Majman and representatives of PwC, MSL Group and Albatross Cross Cultural Training. Companies that are already in Africa also shared their experience with the audience. The first Polish business mission to Africa this year has been arranged for the beginning of April by the Ministry of Foreign Affairs and PAIiIZ. Polish companies will visit Senegal and Ghana.
Due to the localisation of the port in Dakar, Senegal is one of the key points on the map of Africa. It is often described as the "gateway to the Western Africa". A stable macroeconomic situation of the country stimulates GDP growth. According to experts, between 2013 and 2018, its GDP will grow by 4.5% year on year.
Ghana is also said to be one of the most politically and economically stable countries of Africa. A founder member of the West African Monetary Zone project that aims to establish a common currency in the region, Ghana is also a member of the Economic Community of West African States (ECOWAS). The number of FDI projects in Ghana is increasing every year. Currently, the total value of FDI is estimated to be around $3 billion. The workshop on doing business in Ghana and Senegal took place on 10 March in PAIiIZ.
More information: www.paiz.gov.pl/20140310/go_ghana_go_senegal. (PAIiIZ)
Visiting North Africa
Signing a Memorandum of Understanding and participating in B2B talks were the main highlights of a business mission of Polish companies from the Eastern Poland to Tunisia and Algeria.
On 6 March, Tunisia held a meeting on the economic potential of the Eastern Poland. During the event, in the presence of the Tunisian Minister for Industry, Energy and Mining, Kamel Bennaceur, PAIiIZ deputy president Bożena Czaja signed the MoU with the Foreign Investment Promotion Agency - the Tunisian counterpart of PAIiIZ. The agreement was designed to strengthen the exchange of economic experience and to increase trade relations between the two countries.
Among the attendees of the business trip to Africa there were 10 entrepreneurs representing the food, furniture and agricultural machinery sectors from Eastern Poland. Polish businessmen also took part in B2B meetings. The business mission to Tunisia and Algeria was organised as part of the Eastern Poland Economic Promotion Programme by PAIiIZ. (PAIiIZ)
INVESTMENTS IN POLAND
Ursus, FON-SKB and WAT
The Ursus tractor factory has signed a cooperation agreement with the Military University of Technology in Warsaw (WAT) and FON-SKB in Radomsko, extending the existing cooperation.
The aim of the agreement is to extend cooperation on the development of a technology programme for building modern agricultural equipment, as well as transferring know-how between experts from WAT, Ursus and FON-SKB. Cooperation between the three bodies will accelerate the process of construction and launch of a new series of products such as transmissions for medium-power range tractors, used in Ursus machines.
FON-SKB owns the most modern iron casting plant in Poland, along with processing centres, which will help its partners carry out common R&D projects quickly and efficiently. (URSUS)
Solaris on foreign markets
Polish company Solaris Bus & Coach has supplied Spain, Germany and Norway with innovative trolleybuses and buses.
The Spanish city of Castellón de la Plana bought six Solaris Trollino 12 MetroStyle trolleybuses for €3.5m. The vehicles are equipped with a battery pack that allows them to be driven independently of the overhead power lines. The vehicles are equipped with an automated parking feature.
Solaris has also delivered Urbino 12 buses with environmentally friendly engines to Germany. To meet the Euro 6 emissions standard the engines were fitted with SCR technology that reduces nitrogen oxide emissions. Solaris will send a further 57 buses to Norway, creating service centres for them in northern Oslo. (Solaris)
New investor in KSEZ
Kamiennogórska SEZ has issued the 106th permit to do business. It went to CM-3 Polska, which will invest nearly PLN 6.5m there.
CM-3 Poland will build a production and warehouse hall and equip it with modern machinery. The company operates in the automotive sector, producing storage containers used in the transportation of components to further manufacturing process. ("Mo-Me" Multimedia)
New investments and new jobs in the "INVEST-PARK"
A further PLN 14m are to be invested by Electrolux and Sacher in Wałbrzych SEZ.
Under new investment, Electrolux’s factory in Świdnica that employs 800 people to produce gas, gas-electric and electric stoves, will be upsized and equipped with new machinery. The company also plans to create 30 new jobs. The value of Electrolux’s investment will reach PLN 11m.
For Sacher Obróbka Skrawaniem Metalu s.c. Lesław, Waldtraud, Piotr i Paweł Sacher this is the next investment permit. The company has been in the market for 15 years. Since the beginning of its activity under the SEZ programme, Sacher has increased employment by 50%. The new investment will be worth nearly PLN 3m and will cover the costs of the expansion of the factory in Bolesławiec as well as of a new machine park. (WSEZ "Invest-Park")
Automotive components to be produced in LSEZ
Voestalpine Rotec, a supplier of piping components for global automotive manufacturers, will invest PLN 6m in the Legnica Special Economic Zone. The firm will build a new factory in the LSEZ.
Voestalpine Rotec already owns a plant in Komorniki near Środa Śląska, where since 2001, it has been producing metal parts for shock absorbers used by Ford, Mercedes, Skoda, Volvo, Nissan, Renault and Peugeot cars. (LSEZ)
New investments in PSEZ
Three companies have been given a permit to operate in the Pomeranian Special Economic Zone.
MMP Neupack Poland, specialising in the production of offset packaging made of cardboard, and Gemalto and PanLink from the electronics sector will invest PLN 75m and create 60 new jobs. (PSEZ)
Polish-Moldovan Investment Forum
PAIiIZ, in cooperation with the Ministry of Foreign Affaris, invite Polish entrepreneurs to take part in the Polish-Moldovan Investment Forum on Friday, 28 March in Chisinau.
The forum coincides with the official visit of prime minister Donald Tusk in Moldova that aims to extend and intensify economic cooperation between the two countries. The forum will provide the opportunity for companies to present their offers. There will be an opportunity for face-to-face talks between Polish and Moldovan entrepreneurs.
Companies interested in attending the forum should confirm their participation online: firstname.lastname@example.org by 14 March (3:00 pm).
Participation in the forum is free. The cost of accommodation and travel is not refunded. (PAIiIZ)
13th China International Consumer Goods Fair
PAIiIZ invites Polish entrepreneurs to participate in the 13th China International Consumer Goods Fair on 8-11 June in Ningbo.
Central and Eastern European Countries' Products Expo 2014 is the most important highlight of the fair. During the event, exporters from the CEE region will display their products and will take part in a conference on trade and investment cooperation and cultural exchange. The event will be attended by ministers of Poland and China.
The organisers will cover the cost of trade stands and costs of transportation in China. (PAIiIZ)
Companies interested in participating in the fair, should fill the online form at www.gochina.gov.pl/CICGF_2014_Ningbo by 31 March.
Conference on investment sites
The First National Conference on Investment Sites in Poland, under the patronage of PAIiIZ, will be held on 8 April at the Business Centre Club in Warsaw.
The conference programme includes presentations and discussion panels. Participants will have the chance to have an overview of all the aspects of the acquisition and sale of real estate for investment. The purchase of properties from state institutions, investment attractiveness of brownfield sites, and spa and leisure facilities will be also discussed.
Registration of participants by email@example.com.
For more information visit: www.TerenyInwestycyjne.Info. (Investment Areas)
Polish ICT companies go to Germany
Roadshow Poland, the Pro Progressio Foundation and the Polish Chamber of Commerce invite Polish ICT firms to take part in a business mission to Germany. The programme includes participation in the 9th Polish Outsourcing Forum that will be held in Berlin. PAIiIZ is a patron of this project.
The aim of the project is to promote Polish companies from the ICT sector which provide services in the Polish and German markets. It will also be an opportunity to shown the potential of Polish IT sector - its experience in R&D processes and the know-how accumulated in the Polish IT clusters. On 24 April, the 9th Polish Outsourcing Forum will be held in Berlin. Panel discussions, presentations and networking events will be arranged there.
The organisers invite cities, Polish ICT clusters, service providers, R&D institutions and other representatives of the ICT sector to take part in the mission and Forum.
The Polish Outsourcing Forum has been organised since 2005. In 2013, for the first time the Forum was held outside Poland to present the investment potential of Polish BPO, SSC, KPO, R&D and ICT sectors. More information: www.roadshowpolska.pl. (Roadshow Poland)
IT Future Expo 2014
On 10-11 June, the National Stadium will host the IT Future Fair Expo. During the event, 100 exhibitors form Poland and Europe will present their innovative technologies of software and hardware solutions.
The fair will consist of a range of events, including the IT Leaders 2014 competition which will select the best innovative solutions in 2014 across 17 categories. Another highlight of the event will be the IT Future Congress. It will be a platform for firms to share experiences and establish new business relations with IT experts.
Participation in the event is free.
Innovative Group is the organiser of the Expo. PAIiIZ is a patron of the event.
More information: www.itfuture.pl. (Innovative Group)
ANALYSES AND REPORTS
OECD report on the Polish economy
The latest OECD report on the situation in the Polish economy, presented on 10 March by secretary-general Angel Gurria, emphasised that Poland’s overall economic performance over the last decade has been impressive, however, Poland will soon have to face many challenges.
Over the last five years, Poland has overtaken most OECD countries in terms of real GDP growth. However, in 2012-13 economic growth slowed down. Economic activity weakened; the value of public investment decreased after the boom in 2012. As a result, real GDP growth on an annual basis has dropped from 4.8% in 2011 to 0.8% at the beginning of 2013. The growth is projected by OECD experts to pick up and surpass its potential rate of 3% by the middle of this year. According to the authors of the report, to strengthen the improvement of Polish economy, it is crucial to eliminate barriers to entrepreneurship as well as reducing the state's extensive involvement, even in potentially competitive sectors. The OECD also recommended greater fiscal consolidation in 2015 than currently planned to be able to meet the below-3%-of-GDP general government deficit target. “Structural reforms in these areas are prerequisites for climbing the technological ladder, developing knowledge-based capital and becoming a more innovation-based economy”, say report's authors.
According to the report, the impact of the labour market on condition of Polish economy is getting stronger. Poland still hasn’t solved the problem of its structurally low employment rate, especially among women. Employment protection is not particularly stringent. Thus, still there is a high risk of emigration. Because of a rapidly ageing population, the country is also facing serious demographic obstacles that soon need to be solved. (Ministry of the Economy/OECD)
The report is available on www.mg.gov.pl/files/upload/20275/OVERVIEW%20Poland%202014.pdf.
FROM THE REGIONS
Delphi Technology Park in Ostrów
Delphi Technology Park Poland has been created in Ostrów Wielkopolski to carry out R&D activities by the Delphi company and other local parties.
In the new facility, innovative technologies and heat exchange products for the automotive sector will be developed. Delphi Poland Technology Park was designed to encourage local entrepreneurial activity in the Wielkopolska province. It is aimed at especially to organisations working within the business environment, such as incubators, chambers, training and consultancies.
The cost of the investment is PLN 24m. The opening of the R&D centre is planned for the second quarter of this year. (Delphi)
DID YOU KNOW...?
Foreign Language in the labour market
LinguaJob.pl has published the Language Job Guide 2014, prepared under the patronage of PAIiIZ. The publication presents foreign language trends in the Polish labour market in 2014.
According to data published in the Guide, English still is the most popular foreign language in Poland - 48% of Poles declare their ability to use it. Moreover, Poles who are fluent in at least one foreign language earn above the average salary in Poland. The average wage of an English-fluent employee is PLN 5,670.
In the Guide, published for the fourth time, readers can find job offers for candidates using more than 22 foreign languages. The catalogue contains many useful information helping to find a better job, and includes employer’s profiles and a calendar of events.
The catalogue can be downloaded from: www.linguajob.pl/download/katalog2014.pdf. (LinguaJob)
Information and Communication Department, tel: +48 22 334 99 49, fax: +48 22 334 99 99,