POLISH INFOMATION AND FOREIGN INVESTMENT AGENCY
NEWSLETTER
May 7th 2009,
Number 121

TABLE OF CONTENTS

 

FROM THE EDITOR

Dear Readers,

This week we inform about a report highly assessing Poland’s attractiveness in the category of industrial facility destinations. You can also read about new investments in Stargard Szczeciński and the Lagnica SEZ. Moreover, some information based on the UKIE report concerning Poland’s 5-year membership in the European Union. We invite you to take part in the conferences and meetings we help organise and recommend in the News section.

Pleasant reading!

PAIiIZ’s editorial team

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NEWS

It pays to build factories in Poland

Poland went up 10 positions and ranks 5th in the PricewaterhouseCoopers’ (PwC) investment attractiveness ranking in the category of industrial facility destination.

The ranking covered 20 countries. Poland came 5th and was only preceded by Chile, Bulgaria, Malesia and China. Poland’s neighbour - Slovakia ranked on the 7th position. Experts attribute the change to the trust foreign investors developed towards Poland. Indeed the country has been considerably improving its image due to the fact that the process of investment realisation in the country no longer involves big investment risk. - Against the backdrop of an economic slowdown observed in other countries, the Polish economy is stable. - Adam Żołnowski from PwC told the “Rzeczpospolita” daily. In the category assessing investments, Poland classified on the high 3rd position. Here only Slovakia and Chile outstripped Poland. Slovakia mainly thanks to the adoption of euro and Chile due to strong economic relations with the USA.

PwC experts claim that Poland effectively outstrips other countries competing for investments thanks to a big labour market, stable political situation and still relatively low labour costs. EU membership also constitutes one of the country’s major advantages. Foreign investors gradually become aware of the fact that the Polish economy is in a far better condition than the economic systems e.g. in Ukraine or Hungary and see that the region of Central and Eastern Europe should no longer be perceived as a homogenous zone in economic terms. (Rzeczpospolita)

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Polish Investforum

The Polish Chamber of Commerce and Roadshow Polska organise the First Polish Investment Forum which is to be held on June 3-4, 2009 in Warsaw. The event aims at presenting investment offers to foreign investors, discussing the current condition of the Polish economy and prospects for its future development in the years to come. The Polish Information and Foreign Investment Agency (PAIiIZ) is an institutional partner and a patron of the event.

The Forum will be attended by companies interested in the Polish market, representatives of the public sector and local governments from abroad, bilateral chambers of commerce, Polish cities together with their twin-city partners as well as delegates from the Ministry of Economy, Infrastructure and the Polish Agency for Enterprise Development (PARP). Moreover, the meeting attracted representatives of the EURO 2012 Organisation Committee, Special Economic Zones, Technology Parks and experts from Polish and foreign companies and financial institutions.

The event enjoys an honorary patronage of the Deputy Prime Minister and Minister of Economy - Waldemar Pawlak. Among the Forum’s partners there are also: the Polish Bank Association, the Polish Agency for Enterprise Development (PARP), the Polish Chamber of Hotel Industry, the Institute for Public-Private Partnership, the National Committee for Chambers of Tourism, the Polish Real Estate Federation (PREF) and bilateral chambers.

Companies and persons interested in participation, promotion or sponsoring of the event may contact the Forum’s organizers at info@roadshowpolska.pl or + 48 22 498 9277. For more information visit www.roadshowpolska.pl.

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BioForum 2009

BioForum 2009 - Central European Platform of Biotechnology and Pharmacy will be held on June 3-5, 2009 in Łódź. Round 80 new research and development projects realised in the biotech&pharma scientific sector as well as biobusiness will be presented. Beside Polish there will also be projects from Hungary, Latvia and the Czech Republic.

The projects involve a variety of products from numerous fields, from anticancer medicine to environment bioengineering and bionananotechnology. The presented projects have been realised in research teams active on universities, research institutes and companies.

Such projects play an important role in the development of bioeconomy. The good news is that the number of such initiatives has been steadily growing in Central Europe. Beside the new and positive tendency in the number of projects also the effective and direct co-operation between scientists and businesspeople in the field has become more visible. It is exactly in the daring R&D projects' implementation where the dynamics of the biotechnology sector is generated.

This year BioForum’s organisers opted for a new form and focus on creating direct relations between managers of interesting research projects and businesspeople form Poland and abroad.
 
BioForum 2009 promotes the vast potential of the Central European biotechnology and pharmacy and offers a unique possibility of BioPartnering i.e. prearranged one-to-one biobusiness meetings with potential partners from the emerging biotech & pharma sector in Central Europe.

For more information go to: www.bioforum.pl.

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Thailand Expo for the 2nd time in Poland

Thailand EXPO 2009 Made in Thailand will be held in Warsaw from May 28th to 31st. The event aims at promoting Thailand and the Polish-Thai economic co-operation.

The event is organised by the Thai Trade Center Warsaw - the Office of Commercial Affairs, Royal Thai Embassy.

For Polish entrepreneurs the Thailand Expo 2009 will serve as an opportunity to learn about new investment possibilities and a rich offer of Thai producers and exporters. The Expo which is to be held at the Palace of Culture and Science, will comprise of a commercial part  i.e. May 28th-29th and the so called open days geared towards wider public on May 30th-31st. The entrance is free of charge.

Beside the core programme, organisers planned a variety of attractions including presentations of Thai cuisine, artistic performances and Thai martial arts show.

Entrepreneurs may also take part in an investment seminar “Tahiland - a country of unlimited possibilities” during which business and investment possibilities together with tourist services available in Thailand will be presented.

For more information and on-line registration visit www.tajlandiaexpo.pl (Thai Trade Center Warsaw)

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INVESTMENTS IN POLAND

Finns to invest 64 mln EUR in Stargard Szczeciński

Cargotec - a Finnish cargo handling solutions provider - will construct a component assembly factory in Stargard Szczeciński. The overall value of the investment is expected to equall 64 mln EUR. Production is planned to start in the 2nd Q of 2010.

Cargotec revealed its project two days ago. -We analysed dozens of potential destinations which could host our investment. When we saw the airport in Stargard Szczeciński we knew that we found the solution to our quest. Stargard Szczeciński does have all the elements we need to successfully develop our business i.e. it is located close to our European clients, it has an airport, access to motorways, appropriate logistic solutions and further plans for transport infrastructure development - said Harri Ojala, deputy president of Cargotec. - I am also impressed by the academic centres of the region. I am optimistic about our future co-operation with the centres.

The new assembly facility is thought as a centre supporting production of a variety of Cargotec products. Production in Stargard Szczeciński is planned to start in the 2nd Q of 2010. Round 400 persons are expected to find employment in the facility. The first phase of recruitment process, which has already been initiated, focuses mainly on the selection of key personnel and on the organisation of professional trainings for future employees. In the long run, the facility will need specialists from a variety of fields i.e. starting from managers to stapler operators, welders, drivers and assembly line workers.

Cargotec offers solutions for the load handling of vehicles, container and heavy material handling, marine cargo flows and offshore operations. In numerous conuntries the concern hires over 12,000 people. The project was co-operated by the Polish Information and Foreign Investment Agency (PAIiIZ). (Investor Assistance Centre)

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MACROECONOMIC POLAND

  • 880 EUR - the average monthly consumption expenses of a Polish household

    In the Czech Republic, Slovakia and Hungary the average consumption expenses amount to 950 EUR. Slovenes result to be the most affluent in the region and may afford to spend 1750 EUR a month. The data comes from a research conducted by RegioPlan Consulting. (Puls Biznesu)

    Ministry of Treasury: 4.64 mld PLN gross revenues from privatisation as of the end of April

    The amount accounts for 3.86% of this year’s plan. The net revenues from privatisation after the end of April equalled 1.36mld PLN. Aleksander Grad, Minister of the Treasury expects this year’s privatisation revenues to reach 12mld PLN. (PAP)

  • Exchange rates (as of 07.05.2009):

Buy

Sell

USD

3.2783

3.3445

EUR

4.3625

4.4507


Source:
www.nbp.pl

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FROM THE REGIONS

New investment in the Legnica SEZ

The Legnica-based SEZ gained a new foreign investment. VOSS Automotive Polska received a permission to start economic activity in the SEZ.

VOSS Automotive Polska declared to invest 25 mln PLN. The project envisages construction of a factory producing car components. There are plans to introduce an innovative technology which will result in a new patented VOSS product geared towards the USA market.


VOSS production floor (Source: LSSE)

This is the second VOSS’s permission to operate in the Legnickie Pole sub zone. The company has been present in the SEZ since 2004 when it bought a 4.5 ha lot. Initially the company declared to hire 150 but at the moment there are 298 people working for the company.

VOSS Automotive is specialises in line and connection systems in pneumatic, fuel, hydraulic and exhaust technology applications in commercial vehicles and passenger cars.

As a technical service provider to the international vehicle industry, VOSS co-operates with, among others, Porsche, Volkswagen, Audi and MAN. VOSS Automotive Polska forms part of the German concern VOSS Automotive GmbH. (Legnica SEZ)

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23 mln EUR from EU funds for SME in Podlasie

Authorities of the Podlasie region open two contests organised in the frame of the Regional Operational Programmes (ROP) which allocates 23 mln EUR to investment support for SME and development of investment lots.

3 mln EUR was allocated to the complex preparation of investment lots for future business projects. The money will be used to build roads, construct and overhaul sewage systems, waterworks, energy, telecommunications and gas systems.

Applications may be sent in starting from April 30th, 2009. Subsidies will be granted to local governments, gas and electric companies which may apply together with the local governments.

Daniel Górski, director of the Department of the Regional Operational Programmes Management and Implementation in the region of Podlasie told the Polish Press Agency that this is the 3rd contest geared towards investment lots. This time the contest has an open form and applications will be accepted till the funds have been fully distributed.

The remaining 20 mln EUR to be distributed in the frame of the SME contest will be used to finance initiatives developing innovations and allocated directly to new investments in the sector. Subsidies may be granted for the creation of an enterprise or development of an already existing company as well as for an introduction of a new product or improvement in current production processes. Applications may be sent in till June 16th, 2009.

The region’s budget of the Regional Operational Programme for the years 2007-2913 accounts for 636 mln EUR. (PAP)

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ANALYSES AND REPORTS

Poland in the EU - five years on

A report prepared by the Office of the Committee for European Integration (UKIE) shows that during the five EU years the Polish economy has profited most from the accession to the single European market and the Common Agricultural Policy (CAP).

Opinion polls show that the last 5 years saw an increase in public approval of Polish EU accession. Poles tend to appreciate most such results of EU membership like: the free movement of workers and students, improvement of the overall situation in the agricultural sector, general benefits for the Polish economy, better situation on the domestic labour market and also a bigger role of the country on the international scene.

Authors of the UKIE report emphasise that the greatest number of effects connected with EU membership can be observed in the field of economic co-operation with other EU member states what results from Polish accession to the single European market. Positive changes can equally clearly be seen in the sector of agriculture due to the application of principles indicated in the Common Agricultural Policy (CAP).

What the report stresses is the fact that although Polish small farms recorded the highest growth in income (due to direct subsidies), they continue on the lower end of the income spectrum and are not able to invest in development. The report focuses also on the unfulfilled fears concerning land buyout.

As for other fields like health care, culture or education here changes result indirectly from the Polish entry to the EU and are connected with the possibilities opened by EU grants and subsidies.

The report states that it is thanks to the EU membership that Poland is among countries which stand a good chance of avoiding recession in 2009 and classifies among the most competitive European economies. The EU entry substantially accelerated economic growth in Poland and made the economy more immune to fluctuations of world economic markets. In fact, consumer and investment demand became economic catalysts for the country.

Undoubtedly, EU funds exerted a substantial influence on economic development in Poland. Since May 1st 2004 till the end of 2008 the country received jointly 26.5 mld EUR while contributing 12.5 mld EUR to the common EU budget i.e. Poland received 14 mld EUR more than the country’s contributions to the budget.

An international conference “Poland and the European Union. Five years after EU enlargement” which took palace on April 30th at the Warsaw Palace of Culture and Science was devoted to the presentation of the report and a discussion concerning the workings of the EU. The conference was attended by the Polish President Lech Kaczyński, Polish Prime Minister Donald Tusk and former prime ministers: Tadeusz Mazowiecki, Jan Krzysztof Bielecki, Józef Oleksy, Włodzimierz Cimoszewicz, Leszek Miller. The European Union was represented by, among others, Jose Manuel Barroso - President of the European Commission, Pat Cox, former President of the European Parliament and Jacek Saryusz-Wolski President of the Committee of Foreign Affairs in the EU Parliament. (UKiE, Rzeczpospolita)

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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 98 15, fax: (+48 22) 334 99 99,
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Polish Infomation and Foreign Investment Agency www.paiz.gov.pl