September 29th, 2011,
Issue 246




Pomerania attracts investors

Pomerania has for years successfully been attracting foreign capital through educated staff, its strategic location, sectoral specialization and availability of office space.

A conference which summarized the region’s investments and its attractiveness took place on September 27th, 2011 at the headquarters of DCT Gdansk. Sławomir Nowak, State Secretary at the Office of the President of Poland was the special guest of the event. Among the speakers were: Head of the Pomerania Executive Board Mieczysław Struk, President of the Pomerania Development Agency Łukasz Żelewski, President of the Pomerania Special Economic Zone Teresa Kamińska, Deputy Director of Foreign Direct Investment Department at PAIiIZ Monika Słomka, President of InvestGDA Alan Aleksandrowicz and Managing Director of DCT Boris Wenzel. The conference was chaired by PAIiIZ President Sławomir Majman.

From the left: PAIiIZ President S. Majman, Secretary of State at the Office of the President of Poland S. Nowak, Director of Foreign Direct investment Department at PAIiIZ M. Słomka, President of the Pomerania Special Economic Zone T. Kamińska, President of the Pomerania Development Agency Ł. Żelewski, President of InvestGDA A. Aleksandrowicz and Managing Director of DCT B. Wenzel

Last year the Polish Information and Foreign Investment Agency closed 58 investment projects. Out of all the projects 8 i.e. 13.8% were located in Pomerania. The projects were jointly worth EUR 273.82 million what accounts for 28% of the value of all PAIiIZ projects in 2010. The projects have created or will create 1072 jobs (10% of all the jobs PAIiIZ projects generated last year). Among the investors who decided to run business in Pomerania and cooperated with PAIiIZ in the development of their projects there were: RollsRoyce, Sony, Geoban, Goodman and Sea Invest.

Pomerania is attractive to a wide range of investments. For the energy sector, beyond the possibilities of investment in conventional energy, nuclear and renewable sources of energy open up new perspectives in connection with shale gas. The region is located at the very junction of Pan-European Transport Corridors and on the shores of the Baltic Sea what creates perfect opportunities for the development of projects which require good transport and logistic conditions. The ports of Gdańsk and Gdynia are the largest marine trading ports in Poland, and are among the largest in the Baltic Sea. In fact, DCT Gdańsk in just three years attracted the world's largest container ships, and created the foundation to make Gdańsk the marine gateway for the whole of Central and Eastern Europe. Moreover, the region has a relatively high availability of specialists in finance, IT and engineering as well as logistics.

Besides the natural pro-investing conditions of the region, investors in Pomerania can count on support from managers of the project Invest in Pomerania, a pro-investor initiative created by key regional local government institutions. It is the combination of all the factors that places the region high on the investors’ agenda. (PAIiIZ / Invest in Pomerania)

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New symbol of modern Szczecin

Hanza Tower, www.hanzatower.pl
28 floors, 125 meters high, 33,000 sq meters of space, including more than 20,000 sq metres destined for offices - Hansa Tower will be Szczecin’s newest office building.

The investing company - J.W. Construction, wants the building to provide its clients with high-end offices, modern meeting rooms, fitness centres, a top floor restaurant, a roof terrace, an exclusive shopping centre and an underground parking for 400 cars. The new office centre will become a part of a historic building which used to be a seat of a well-known factory "Dana". Now the old part of the building will be revitalized and will host a five-star hotel. The concept of the combination of old and modern concepts was prepared by Laguarda Low Architects LLC from Dallas. Construction costs will exceed PLN 200 mln. The project is expected to be finished in two years time.

While the building’s shape resembles a ship’s sail leaning towards the Oder, its name refers to the splendour of the medieval Hanseatic League. In fact, Szczecin was one of the league’s fastest growing cities. The name was chosen to emphasize the direction of changes which have been taking place in Szczecin as the building is expected to become the city's new symbol. (www.hanzatower.pl)

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PAIiIZ helps new investors enter the Polish market

Within the last three weeks the Agency closed 9 new investment projects.

As of September 27th, 2011 the Polish Information and Foreign Investment Agency supports the development of 150 investment projects jointly worth EUR 5.9 billion which may generate 45,857 jobs.

No changes were recorded in the group of investors who constitute the most numerous group interested in investing in Poland - still Americans head the ranking with 39 projects from the USA.

The 39 American projects are jointly worth EUR 1.14 billion and are expected to generate 8,384 new jobs.

The second most numerous group of projects run by PAIiIZ by country constitute projects from the UK (15 projects worth EUR 323.8 million and expected 6,032 jobs). The UK is followed by China (15 projects, EUR 251.5 million and jobs for 2,246 people), Germany (12 projects), South Korea and Japan (10 from each of the countries).

Also the automotive sector is still the most attractive - we have currently been running 28 automotive projects which are worth EUR 2.13 billion and are expected to generate 14,721 jobs. The second most popular sector is BPO - we have now 24 projects located in the field. Investment outlays in the projects reach EUR 36 million with 8,841 possible jobs. Moreover, we run projects in the machine industry (13, EUR 675.8 million, 3,436 jobs) ICT (8 projects) and the electronic and chemical sectors (7 project in each of the industries).

Last three weeks saw 9 projects finalised and a start of negotiations with 3 new investors. Thanks to the recently closed projects, foreign companies will invest in Poland EUR 96.4 million. The projects should generate jobs for 490 people.

In 2011 the Agency has already closed 45 investment projects worth over EUR 1 billion. The projects will create 9,000 jobs. (PAIiIZ)

Copyright Yuri Arcurs-Fotolia

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New plant in Kamienna Góra Zone

O.P.S.P is building a new factory in the Kamienna Góra Special Economic Zone. The company will invest EUR 1 mln and hire at least 50 people.

O.P.S.O is the 85th investor who received a permission to run business activity in the SEZ. The company’s plant will be situated at Spółdzielcza Str. in Jelenia Góra. It will produce drainage channels made of polymer concrete used for draining water off private possessions, roads and parkings. The majority of the facility’s production will be exported to Germany and Belgium.

The production area of the plant covers 1200 sq m while office and social space will measure 500 sq m.

O.P.S.O is a part of a global consortium which belongs to one of the richest Belgians - Joris Ide. He is an owner of 50 companies worth together about EUR 0.5 bilion. (Kamianna Góra SEZ/Mo-Ja)

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  • Exchange rates (as of 29.09.2011):









Source: www.nbp.pl

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Invest in Poland - invest in success!

PAIiIZ has the pleasure to invite you to a conference presenting the current condition of foreign direct investments in Poland. The conference will be attended by the Deputy Prime Minister of Poland, Minister of Economy Waldemar Pawlak.

During the meeting representatives of government administration and business will discuss key issues concerning doing business and investing in Poland. The question whether Poland is still attractive to business is particularly important against the backdrop of the renewed global financial and economic havoc.

The conference will take place on October 5th, 2011 at 10.00 at the PAIiIZ Information Centre, 12 Bagatela Str. in Warsaw. The conference will be held in Polish and English. Participation is free of charge.

Please confirm your participation by October 3rd, 2011 at aleksandra.bigda@paiz.gov.pl. (PAIiIZ)

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PAIiIZ promotes Polish design in Hungary

Project by Natasha Pavluchenko
The exhibition will be officially opened today at 8 p.m. in Budapest.

We invite everybody who lives or visits Budapest to attend a fashion show “Urban Fusion” by Natasha Pavluchenko and a jewellery presentation which will take place during the opening at the Museum of Applied Arts. PESA Bydgoszcz SA is the sponsor who helps us inaugurate the event.

The exhibition “Designed in Poland” is organised by PAIiIZ and presents the best examples of the Polish design school. It will be held from September 29th to October 9th, 2011 in the Museum of Applied Arts in Budapest.

The aim of the exhibition is to attract attention to particular features of the Polish goldsmith’s and applied art and to promote the art among Hungarian consumers. Organisers will provide visitors with a catalogue including photos and information about designers participating in the exhibition. Our guests who will vote for the best product presented on the exhibition will also have a chance to win gifts funded by the Polish Information and Foreign Investment Agency.

The event has been organised by the Polish Information and Foreign Investment Agency and the Trade and Investment Promotion Section of the Polish Embassy in Budapest and forms part of the Budapest Design Week. You will find a catalogue of the exhibtion here: www.paiz.gov.pl/files/?id_plik=16351. (PAIiIZ)

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2nd Pangea Polska Conference “Transfers of Success 2011 - Entrepreneurship without borders”

You are welcome to register for the event which will be held on October 7th-8th, 2011 in Warsaw.

The conference will be held on October 7th, 2011 in the Sejm RP, and on October 8th, 2011 at the Warsaw Stock Exchange.

The leading topics of the conference are: innovation, entrepreneurship, investment and social economy. The conference program provides lectures, panels discussions and workshops. The event will feature a number of prominent speakers, including Grzegorz Schetyna - Marshal of the Sejm RP, Michał Boni - Minister, Head of Strategic Advisors of the Prime Minister, Ludwik Sobolewski - Chairman, the Warsaw Stock Exchange. Organizers expect the Deputy Prime Minister Waldemar Pawlak and President of the European Parliament Jerzy Buzek to attend the conference.

Partners of this event are: Pangea Alliance, the Polish Information and Foreign Investment Agency and Employers of Poland. Honorary patronage over the event was taken by the Marshal of the Sejm RP, Ministry of Economy and media patronage will be provided by the Polish Press Agency (PAP).

More information and a detailed programme of the event available here: pangeapolska.org/registration. (Pangea)

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Małopolska Business Award at the Annual Business Meeting in Małopolska 2011

This year the award will be handed over on October 3rd, 2011 at the Słowacki Theatre in Cracow during the Annual Business Meeting 2011 in Małopolska.

The Małopolska Business Award

The Małopolska Business Award is a prestigious award granted since 2009 to Małopolska entrepreneurs who in their daily activity support the development of economy and entrepreneurship. This year companies in the category of small and medium sized companies shortlisted include: Przedsiębiorstwo Techniczne HARDKOP, Janex and Instytut Odlewnictwa. In the category of big companies there nominees are Grupa Integer.pl, Orlen Oil and Stalprodukt. Winners will automatically be nominated for the President's Economic Prize.

The Annual Business Meeting in Małopolska is the biggest economic event in the province and provides a chance to establish new business contacts as well as discuss economic problems and challenges. Business in Małopolska is a joint initiative of the Małopolska Regional Development Agency, the Executive Board of the Malopolska Region and the Krakow Technology Park. (KTP)

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Special Economic Zones after 2020

The Ernst & Young report: "Special Economic Zones after 2020 - analysis of the SEZ up to date activity and consequences of their future functioning" was presented on September 28th, 2011 at the Ministry of Economy.

The Report, which was prepared by a team led by Paweł Tynel - Director of the Grants and Incentives Advisory Services at E&Y, presents the influence Polish SEZ have on economic condition of regions and puts forward solutions concerning the functioning of SEZs after 2020. Entrepreneurs’ opinions concerning the functioning of the zones were gathered in a survey conducted among 215 companies active in all 14 zones in Poland. The companies were active in all the major sectors of the economy.

Since the establishment of the first SEZ in Poland, i.e. 1995 the managements of the zones issued 1354 business activity permissions. The joint value of investments developed within the SEZs totalled PLN 73.2 billion and the number of new jobs created thanks to the projects reached 167,141.

The E&Y analysis proves that regions which host a special economic zone have on average a lower unemployment rate - from 1.5 to 2.9 percentage point and higher GDP 3.9% - 7.5%.

The survey shows that over 50% of the investors who have currently been running business in the zones do not consider establishing new projects if the zones are to exist only by 2020. At the same time the percentage of those who declare to start new projects should the zones exist after 2020, reaches 81%. As many as 96.7% of the surveyed named the CIT exemption as the major advantage which encouraged them to locate their business in a SEZ. Extension of the activity of the Special Economic Zones in Poland would also send a positive signal to investors who consider entering such a zone now. 9 years i.e. the time which is now left till 2020, do not guarantee that all the incentives offered by the SEZ will fully be used by new investors.

The European Commission should not hamper attempts to extend the time of SEZ functioning beyond 2020 if the idea behind zones complies with the common EU regional policy and the regulations in the zones do not violate regulations concerning common regional aid. More in the report which is available for download on our website (only in Polish):
www.paiz.gov.pl/publications/how_to_do_business_in_poland. (E&Y)

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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