|POLISH INVESTMENT AND TRADE AGENCY|
June 30th, 2017,
AIH & KOTRA develop strategic partnership
On June 29, the Polish Investment and Trade Agency signed a cooperation agreement with the South Korean Investment Agency (KOTRA). South Korea is the largest non-European investor supported by PAIH. It is also the second biggest investment partner of Poland from outside Europe.
“Not only do we cooperate with South Korea and KOTRA, but we have a strategic partnership that shapes our bilateral relations”, said Tomasz Pisula, PAIH President before the ceremony of signing the agreement with KOTRA. “It is a great honour for Poland that South Korea has chosen Poland as its main trading and investment partner in Central Europe”, he added.
Korea Trade Investment Promotion Agency (KOTRA) has been a partner of its Polish counterpart for many years. However, after the transformation of the Polish Information and Foreign Investment Agency into the Polish Investment and Trade Agency at the beginning of 2017, both parties decided to renew official relations and to increase the scope of cooperation. From this moment, PAIH and KOTRA will strength their ties in supporting trade between Poland and South Korea. During the MoU signing ceremony, PAIH president Tomasz Pisula announced that PAIH is planning to open its foreign office in Seoul next year to support the two way traffic in trade and investment.
More information: www.paih.gov.pl/20170629/paih_kotra_develop_strategic_partnership. (PAIH)
Business potential of Azerbaijan
“The potential in economic relations between Poland and Azerbaijan is still waiting to be explored”, said President of Poland, Andrzej Duda, opening the Polish-Azerbaijani Business Forum that was arranged jointly by PAIH and its Azerbaijani counterpart AZPROMO as well as by the Polish Ministry of Economic Development. The Forum was held on 27 June, on the occasion of the official visit in Poland of the President of Azerbaijan, Ilham Aliyev and entrepreneurs from this country.
“Azerbaijan and Poland can play an important role in the revitalization of the New Silk Road”, said president of Poland Andrzej Duda. “In the Caspian region, Poland has gained a credible partner. A partner who respects and appreciates Poland, "declared Azerbaijani President Ilham Aliyev. He also claimed that in Azerbaijan, Poland has a high status. “It is perceived as a globally important country with great economic potential”.
“An important goal of Polish economic diplomacy is to seek new markets for our entrepreneurs. Azerbaijan is a prospective place for Polish products, services and investments”, President Duda argued. The President noted that both countries could work together in the infrastructure, transport, energy, but also in the high technology including IT. “There are new opportunities for cooperation in the agri-food sector, construction industry, as well as in pharmaceutical and cosmetic industries”, President added. On the other hand, Deputy Minister of Economic Development, Tadeusz Ko¶ciñski added that innovative technologies made in Poland could be used in the development of the Azerbaijani economy. Soon, the Polish business will receive additional support in Azerbaijan. According to PAIH member of the Board, Wojciech Fedko, the Agency is planning to set its foreign office in Baku at the turn of 2018/19. (PAIH)
Mexico is one of the first countries where PAIH opened its foreign office. Since the opening in April, the Agency served eighty requests of Polish entrepreneurs. Financing the expansion of Polish companies to Mexico was disused on 27 June, during the business mixer arranged by the BGK bank.
“We received a mandate from the Polish government to support the export offensive of Polish entrepreneurs” said PAIH Executive Vice President, Wojciech Fedko. As he explained, Polish government and institutions affiliated to the Polish Development Fund would like to diversify the list of foreign target markets for Polish trade and investment. The aim is to reduce the share of exports to the European Union from a current level of 80% and direct it to other markets. “In order to play a greater role in global markets, Poland needs partners in non-European markets, especially in the Atlantic region. Mexico is an excellent base for Polish business”, Mr Fedko said.
Polish development institutions: BGK Bank, PAIH and Trade and Export Credit Insurance Corporation will play a strategic role in the process of opening the Mexican market for products, services and investments from Poland. The attractiveness of this state is slowly being discovered by the Polish companies. Trade between the two countries is growing and should exceed $1bn, this year.
However, still the potential of mutual business relations with Mexico remains largely untapped, especially in the investment area. “That situation justified the opening of the PAIH Foreign Trade Office in Mexico City in the first phase of our new foreign activity”, Wojciech Fedko explained. The office started to work in April, during the economic mission of the President of Poland, Andrzej Duda to Mexico. (PAIH / BGK)
INVESTMENTS IN POLAND
Schütz Polska in Katowice SEZ
One of the biggest global producer of IBC containers, Schütz opened a new factory in Katowice Special Economic Zone. The company’s new site is located in ¯ory subzone of the Katowice Special Economic Zone.
In Schütz's new plant was built in compliance with the latest production and technical standards and is equipped with state-of-the-art production lines. The company installed an IBC reconditioning line has been installed, there.
¯ory is one of the key industrial in the region. The factory has joint the global network of 47 Schütz’s locations. The factory, which was specifically built as a gateway to Central Europe, enables even faster collections and more flexible services thanks to shorter distances. The company declared to create 30 new jobs in the factory. (KSEZ/PAIH)
JETRO’s mission to BioJapan2017 show
JETRO invites biotechnology companies to join the business mission to Japan on 8-14 October. One of the highlights of the mission is a visit to BioJapan 2017 in Yokohama - the biggest biotechnology show in Asia.
During the five-day mission, companies from Poland will have the opportunity to take part in business seminars, study visits and networking session with representatives of Japanese bio-tech industry. Taking part in BioJapan 2017 has been also set up. This year, the event is expected to attract 900 business parties from 30 countries.
To apply to the mission, please contact JETRO, by: firstname.lastname@example.org.
International conference and exhibition Oil-Gas-Chemistry
Every year Oil-Gas-Chemistry conference focuses of issues related to energy policy, energy security and the development of oil and gas sector in Poland.
The event is a unique opportunity to meet top-class specialists of the energy sector as well as to exchange views and experiences regarding the crucial problems and challenges of the sector. Every year, among participants of the event, there are representatives of Polish Ministries, Polish offices and institutions, as well as Polish and foreign politicians and experts, companies, R&D institutes and media.
More information: www.naftaigaz.ztw.pl
ANALYSES AND REPORTS
Poland in the TOP 5 of global SSC locations
According to the latest Deloitte “Global Shared Services 2017 Survey Report”, Poland is one of the best performing transition markets in the world and thus it is considered as the top location when making BSS direct investments.
44% of companies Deloitte has examined declared the readiness to make a change of its BSS location or to establish a new one in the nearest future. Poland is one the most popular places to make a direct investments in this sector. According to the report, it remains one of these winning CEE countries due to the development of its highly competitive market, good staff and relatively low costs of operations.
The report also focuses on Central Europe as it is getting popularity among BSS investors. There are many “catch-up” opportunities in the region including the EU-funding that will continue to assist this. Moreover, the CEE looks like the strong growth region, much more dynamic than the Eurozone. The expert’s forecasts that CEE will looks sustainable over the mediumterm into 2022 but of course with probably softer GDP growths the markets become more mature.
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