September 22nd, 2011,
Issue 245




New edition of Investing in Poland!

The aim of Investing in Poland is to present and promote Poland's economic and investment potential to investors, giving an overall view of the country's investment climate as well as specific information on regions and cities. The publication is aimed at both Polish and foreign investors, be they individuals or multinationals.

Investing in Poland includes analyses of particular voivodships in Poland in terms of investment attractiveness and descriptions of potential investment locations - such as special economic zones and technology parks - as well as insight into regional development.

Other chapters touch on such topics as:

  • an overview of regulations and terms of launching and running business operations in Poland,
  • data on the Polish economy, infrastructure, basic legal and tax regulations and investment incentives,
  • an investment opportunities.

The topics are supplemented with tables, graphs and contact details. PricewaterhouseCoopers and PAIiIZ are content partners in the publication.

Initial circulation amounts to 12,500 copies. Besides regular shop sales, Investing in Poland 2011 will also be distributed among members of chambers of commerce, representatives of foreign embassies and consulates, Polish commercial and economic centers abroad as well as during the most high-profile trade fairs and conferences. The publication is available for download from the WBJ.pl and the PAIiIZ websites www.paiz.gov.pl/publikacje/jak_prowadzic_dzialalnosc_gospodarcza_w_polsce. (WBJ)

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Food industry from Eastern Poland on the World Food Moscow 2011

Entrepreneurs from Eastern Poland took part in the biggest and most prestigious food sector fairs in Russia.

This year’s edition of the fairs, held from Sept. 13th to Sept. 16th, was attended by 20 entrepreneurs from Eastern Poland - producers of grits, pasta and spices as well as processors of fruit and vegetables. There were also companies representing the dairy, meat and confectionery industry. Additionally, the Polish stand attracted visitors thanks to a live cooking show presented by a Polish famous cook Karol Okrasa who comes from Eastern Poland.

The Polish stand enjoyed a considerable interest as it was the first time the country was presented by such a numerous group of food producers. The Deputy President of the Polish Information and Foreign Investment Agency, Ms Bożena Czaja took part in the official opening of the fairs as a VIP guest of the event.

Karol Okrasa presents his cooking show

The Polish stand measured 150 m and hosted: As Babuni, Cukiernia Zaniewicza Allnet and Elmad from Międzyrzec Podlaski, PHU Unico Import-Export Adam Jasiński, Edpol PPH and TMT from Łomża, P.H.Z. KASOL - J.A.Kazberuk from Białystok, Lubsad from Motycz, PPH JANEX J.Ciupak L.Ciupak from Janów Lubelski, Przetwórnia Owoców i Warzyw Lubawa, Wytwórnia Makaronu Domowego Pol Mak from Ludwin, Uren Novaberry, Spółdzielnia Pszczelarska APIS, Zakłady Przemysłu Ziemniaczanego and Nero from Lublin, Lactima Morąga, PHU Mateo S.Cabaj from Dębica, Mlexer J.Waśkowski from Lubartów, PUPH MONROL from Mońki and OCTIM Wytwórnia Octu i Musztardy from Olsztynek. (PAIiIZ)

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Shale Gas in Poland

The first shale gas has been produced in Lubocino near Wejherowo, under a licence held by PGNiG.

Polskie Górnictwo Naftowe i Gazownictwo SA is the first Polish company to have started technological production of shale gas. The flare is burning at the Lubocino-1 well in the Wejherowo licence area. This opens up the way for further work in the licence area, which is expected to lead to the launch of commercial production of shale gas and to provide confirmation that the forecasts regarding large resources of shale gas in Poland are legitimate.

Tests carried out after a successful completion of the fracturing operation have corroborated that there are potentially significant amounts of shale gas in the Wejherowo licence area.

Works in the Wejherowo licence area began last year. Drilling of the 3.5 km deep vertical well where production tests have started was completed in March 2011 by Poszukiwania Nafty i Gazu Piła, a PGNiG subsidiary. Other PGNiG subsidiaries to have worked in the Wejherowo licence area include Poszukiwania Naftowe Diament and ZRUG Krosno.

Currently, PGNiG SA holds 15 licences to explore shale gas. The licences cover an area stretching from the Pomerania region through the Mazovia and the Lublin regions to the Rzeszów region. PGNiG also holds several licenses covering areas with tight gas potential, primarily in the Greater Poland region. More licences are planned to be acquired.

Work is now under way to start drilling operations in the Tomaszów Lubelski license area (the Lubycza Królewska well). (PGNiG)

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Three new investors in the Łódź SEZ

Hamburger Pini, SFB Polska and Nord Farm were granted permits to start business activity in the Łódź Special Economic Zone. The projects will create 178 new jobs.

Hamburger Pini will invest over PLN 60 mln to construct a meat processing plant in the Kutno subzone of the Łódź SEZ. The company will thus create 135 new jobs.

The second company, SFB Polska wants to build a factory in which the investor will manufacture spare parts for the automotive industry e.g. Volvo, Mercedes, Renault, Man, Daf i Scania. The facility will be located in the Ostrzeszów sub zone. The project will cost PLN 4 million and will create 13 jobs. Nord Farm wants to situate its production, office and laboratory facilities in the Koluszki subzone of the SEZ. The company will install modern production lines for the production of food supplements and medicinal products. Investment outlays in the project reach PLN 4.8 million. Thanks to the project the company will employ 30 people.

Since the beginning of 2011 12 companies have received permits to conduct business activity in the Łódź SEZ. The total value of investment projects developed in the SEZ this year is PLN 487 million. Investors declared to create 446 new jobs. (ŁSEZ)

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  • Central Statistical Office (GUS): production on the rise

    According to preliminary data, the prices of sold production of industry in August 2011 were by 0.4% higher than in the previous month.

    The growth of prices was recorded in manufacturing of chemicals and chemical products (by 1.2%), of machinery and equipment, of other transport equipment (by 1.1% each), of manufacturing of motor vehicles, trailers and semi-trailers (by 0.9%), of rubber and plastic products (by 0.8%), of other non-metallic mineral products, of apparel (by 0.6% each), of metal products, of electrical equipment (by 0.5% each), of textiles (by 0.4%), of food products, of paper and paper products, of wood, cork, straw and wicker (by 0.3% each), of basic metals (by 0.2%), of coke and refined petroleum products, of computer, electronic and optical products as well as of furniture (by 0.1% each). However, the drop was recorded in the prices in manufacturing of beverages(of 0.4%), of printing and reproduction of recorded media (of 0.9%). (GUS)

  • Exchange rates (as of 22.09.2011):









Source: www.nbp.pl

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Foreign investment in Pomerania

PAIiIZ has the pleasure to invite you to attend a conference on foreign investment projects developed in Pomerania.

A well-developed communication hub, highly-qualified staff and easy access to office space. What are the factors that make Pomerania attractive to foreign investors? Why did foreign entrepreneurs decide to invest in the region? What is Pomerania’s position on the Polish investment map? The issues will be discussed during the conference Foreign investment in Pomerania which will be held on September 27th, 2011 at 10.30 at the DCT Gdansk Container Terminal at the 7 Kontenerowa Str. in Gdańsk.

Among the panelists who will attend the conference there are: Head of the Pomerania Voivodeship Executive Board Mieczysław Struk, President of the Polish Information and Foreign Investment Agency Sławomir Majman, President of the City of Gdańsk Paweł Adamowicz, President of DCT Gdańsk Boris Wenzel, President of the Pomerania Development Agency Łukasz Żelewski and the President of InvestGDA Alan Aleksandrowicz.

More information: Krystyna Olesińska, PAIiIZ, krystyna.olesinska@paiz.gov.pl, tel. +48 22 334 99 49. (PAIiIZ)

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PAIiIZ promotes Polish Goldsmith’s art in Hungary

PAIiIZ will present the best examples of the Polish design school on an exhibition “Designed in Poland” which 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.

Project by Jan Lekszycki www.lekszycki-jewellery.pl

The exhibition will be launched on September 29th, 2011. A fashion show entitled “Urban Fusion” by Natasha Pavluchenko and a jewellery presentation will be organised during the opening of the exhibition. PESA Bydgoszcz SA is the sponsor who helps us inaugurate the event.

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. (PAIiIZ)

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Warsaw - the capital of the automotive industry

FIGIEFA/SDCM Congress starts in Warsaw on September 29th, 2011. This is the most important event for the automotive industry in Poland.

FIGIEFA is a European organization which gathers such associations as SDCM whose aim is to represent the independent automotive market in the European Union. The FIGIEFA Congress which has been organized every two years, will for the first time take place in Poland on September 29 2011, at the InterContinental Hotel in the centre of Warsaw.

This year the Congress includes three panels geared towards visitors from the whole of Europe. The Congress will thus be a perfect chance to learn new things and establish valuable business contacts.

The event enjoys the patronage of the Ministry of Economy and the Polish Information and Foreign Investment Agency. (SDCM)

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"Business Opportunities in Singapore and South East Asia"

A seminar devoted to the presentation of the investment offer of Singapore and Southeast Asia will take place on October 12th, 2011 at 10.00 at the Hotel Sofitel-Victoria in Warsaw.

The European Chamber of Commerce in Singapore invites you to take part in a seminar "Business Opportunities in Singapore and South East Asia”, which will be held on October 12th, 2011 in Warsaw. The aim of the seminar is to provide information on business and investment opportunities in Singapore and the region of South East Asia, especially for the SME sector.

The seminar is supported by the European Commission. Speakers will include experts from Singapore (lawyers, businessmen, representatives of government agencies, etc.). For companies which will be eager to explore the topic in greater detail a special business mission to Singapore will be organized in November 2011.

The seminar will be held in English. Organizers will provide translation into Polish. More information: www.eurocham.org.sg. (Eurochem)

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International Business Forum in Jordan

The Jordan-Europe Business Association invites you to a Business Forum on Jordan's cooperation with the Middle East and Central and Eastern Europe.

The International Business Forum "Middle East - North America B2B strengthening cooperation will be held from Nov. 19th to Nov. 23rd 2011 in Amman (Jordan). The main organizer of the event is the Jordan-Europe Business Association (JEBA).

The Forum will be an excellent opportunity to strengthen the activity and business relationships between Jordan and other Middle East countries, institutions and enterprises with Polish business and entrepreneurs from other countries of Central and Eastern Europe.

Jordan, which has a significant economic potential is additionally, thanks to its stable economic and political situation, a kind of a window into the world for other countries in the region.

Polish companies during the Forum will not only have the opportunity to meet business representatives of the Jordan business, but will also be able to establish contacts with entrepreneurs from Iraq, Lebanon, Saudi Arabia, Egypt. The Forum will gather representatives of the modern technology, trade, services, agriculture and public administration, education and media sectors.

International Business Forum in Amman is the most important economic event in Jordan and is organized under the patronage of the Prime Minister of Jordan. Poland’s Ambassador to Jordan, Krzysztof Bojko PhD also took a patronage over the event. More information: forum.venturisgroup.com/pl (JEBA)

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Poland - leader in the CEE investment market

Favourable macroeconomic conditions continued to drive investment recovery in the Polish market during the first half of 2011.

Staying the course in the positive investment climate should sustain further investment growth. The transaction volume in 2011 is likely to surpass the 2010 level of EUR 2 bn. Relatively low investment risk in the region combined with attractive pricing compared to western markets will help to strengthen Poland’s leading position in the CEE investment market.

Transaction volume over the period totalled EUR 960 m, up by 23% on the same period last year. The office sector which accounted for 55% of total deal volume continued to draw the biggest share of investment interest. The retail market registered more than three-fold growth in transactional volume compared with the total for the first half of 2010. This figure was boosted by the Atrium European Real Estate’s acquisition of the Promenada shopping centre for EUR 171 m.

Author: Stanisław Tokarski - Fotolia.com

The Polish office market in the first half of 2011 continued to enjoy the strong activity seen in 2010. Gross take-up in Warsaw reached a record 324.330 sq.m, up by 36% compared to the five-year average for the same period. Office buildings were the main focus of buyers from Germany and Austria, while the retail investment market was dominated by buyers from the UK and the Netherlands.

Total stock in Warsaw stands at around 3,530,490 sq.m. and in the main regional markets (Kraków, Wrocław, Tricity, Katowice, Poznań and Łódź) - 1,957,770 sq.m. Some 248,540 sq.m of space is under construction in the regions, which represents a 40% rise from the level at the end of 2010. (Cushman&Wakefield)

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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