Friday 2 December 2011

Invest in Poland

159 investment projects

Polish Information and Foreign Investment is currently 159 investments worth a total of 6.47 billion euros, which can create 42 200 jobs.
The main directions of investment flows remain unchanged: The Agency supports 43 projects American, 17 British, 15 German, 11 in South Korea and 10 from China and Japan. Change is not well in the popular sectors include 31 projects for the automotive industry, 29 for shared services sector, 11 for mechanical, electronic and 9 to 8 to R & D and ICT.
Until the end of November 2011. Agency completed 51 investment projects worth a 135 million - a 187% value achieved in the period January - November 2010, the investments will create 10,117 Closed jobs, or about 8% more than in the corresponding period last year Most projects come from the USA (12), Japan (5) and China, France and South Korea (after 4). Among them are China's largest employer (mentioned 4 projects will create 2,853 jobs), and the biggest investor in Japan (Japanese investments this year are worth a total of 176 million euros).
Among the investors who decided this year to operate in Poland, 16 represents the BPO sector and R & D, 8 automotive, food and 5. Investments in the services sector do not involve high capital expenditure - here leads the automotive (595.4 million euros this year), but they create the most jobs (2490).
Most projects in this year went to the province of Lower Silesia, Małopolska, Wielkopolska and the Lodz. 33% of all investments closed by PAIiIZ was invested in special economic zones.
Among the projects closed by PAIiIZ are multinationals such as PriceWaterhouseCoopers, Nordea, BNP Paribas, Credit Suisse, 3M, TRW Automotive, Pilkington and Gedia.

More information: www.paiz.gov.pl (PAIiIZ )


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Wednesday 16 November 2011

Investor at the Kraków Technology Park increases employment


Ericpol Telecom a company active in the Park launches a new recruitment process and plans to hire 250 persons over the next few months.
This year the company has hired over 200 engineers but the demand on Polish specialist has been growing. By the end of 2012 the company will hire experienced programmers, analysts, testers and graduates of IT and electronic faculties. Due to the fact that future Ericpol Telecom employees will have to cooperate with international teams, the employees have to know English.
Ericpol is the biggest Polish IT exporter and provider of outsourcing and consulting services. The company has production centers in Belarus, Ukraine and Sweden. At the moment Ericpol hires 1200 people. (KPT)

Financial Times
On November 2nd, 2011 Financial Times issued a special report “Investing in Poland” . The Polish Information and Foreign Investment Agency cooperated with the Financial Times in the field of Poland's promotion in the report.
The report which provides useful information concerning investment conditions in Poland has been issued by FT for several years now.
This year PAIiIZ like in previous editions of the report cooperated with FT.
We helped publish a text Poland: A haven for investors by the Deputy Prime Minister and Minister of Economy, Mr Waldemar Pawlak.




The report is available for download:

www.ft.com/cms/s/2/70beb51a-0429-11e1-98bc-00144feabdc0.pdf
                                   
(PAIiIZ)







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Thursday 27 October 2011

16 new investment projects at PAIiIZ


The Polish Information and Foreign Investment Agency has currently been running 161 development projects. Within the last 3 weeks the Agency started 16 new projects.
The projects we have now been supporting are jointly worth EUR 6027.64 million. Investors declare to create 47,849 new jobs.
No changes were recorded in the group of investors who constitute the most numerous group interested in investing in Poland - still Americans top the ranking with 42 projects. The projects from the USA are jointly worth EUR 1.1 billion and are expected to generate 10,035 new jobs. The second most numerous group of projects run by PAIiIZ by country constitute projects from the UK (17 projects worth EUR 377.8 million and expected 6,252 jobs). The UK is followed by Germany (14 projects, EUR 481.8 million and possible jobs for 4,422 people), China (12 projects), South Korea (11) and Japan (10).

Copyright: nyul-Fotolia.com

The most popular sector to invest in is the automotive industry (31 projects worth EUR 2283 million and 15,132 jobs), BPO (29 projects worth over EUR 33 million and jobs for 9,372 people) and the machine industry (13 projects worth EUR 677.8 million, 3,496 jobs). Moreover, investors often choose Poland to locate here their projects in the electronic sector and in ICT (PAIiIZ runs 8 projects in each of the sectors).
In 2011 the Agency has already closed 45 investment projects worth a total of EUR 10642.2 million. Thanks to the projects there will be 8, 996 jobs created in the country.
Data published by the National Bank of Poland (NBP) shows that FDI inflow to Poland between January and August 2011 reached EUR 5.2 billion (EUR 5.229 million) what accounts for 128% of FDI inflow recorded in the same time of the previous year and 78% of the whole inflow of 2010. (PAIiIZ)








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Hong Kong - Guangdong Business Conference in Warsaw 2011


The biggest business meeting in Middle Europe organised by Hong Kong and the Chinese Guangdong province will be held on October 27th, 2011 at the Hilton hotel in Warsaw.
The conference will be attended by over 300 delegates from China who represent Chinese business environment and government of the Special Administrative Region of Hong Kong and the province of Guangdong. The major aim of the conference is to boost economic cooperation between Poland, EU countries, Hong Kong and the Guangdong province. The event will help investors and entrepreneurs establish closer contacts with the fastest-developing regions in the world.
During the conference the Polish Information and Foreign Investment Agency will sign a cooperation agreement with the Foreign Trade and International Cooperation Department of the Guangdong province. The Agency will also hold a special investment seminar.
For more information please visit www.hkguangdong2011.com. Participation in the conference is free of charge. For more information please contact: Agnieszka Mężyńska-Nowakowska, Grzegorz Kosmal, tel.: 22 210 12 96 lub 22 210 12 99.(Weber Shandwick/PAIiIZ)
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Sunday 9 October 2011

Investments in Poland - investments in success


The inflow of the foreign direct investments (FDI) reflects the economic situation in the world. It rises in the times of economic prosperity and falls in the time of crisis. But even in the time of global economic slowdown Poland maintained the leading position in terms of investment attractiveness.
In the years 2007-2010 the inflow of foreign direct investments to Poland was in all these years positive. Despite the global crisis, Poland remained one of the most attractive investment locations and according to UNCTAD it has improved its position among the largest EU countries receiving FDI: from the 11th position in 2007 rising to 8th in 2010.
In term of the FDI inflow structure in the years 2007-2010, only in 2008 reinvested profits were negative. As a result of the economic crisis foreign companies did not reinvest their profits in the business in Poland but they allocated the savings in the parent companies operating in the markets more affected by the crisis. In 2009 the situation has returned to the state before the economic turmoil - reinvested profits accounted to 42% of the total inflow (40% in 2007). Recently the National Bank of Poland (NBP) again pointed to the trend of transferring profits earned by investors abroad.

During a conference at PAIiIZ Poland's Deputy Prime Minister Mr Pawlak, PAIiIZ President Mr Majman, President of Pilkington Automotive Poland Mr Jania and President of Indesit Poland Mr Melone discussed the current condition of investments in Poland

Polish Information and Foreign Investment Agency, however, has not noted fall in investment project. In the first ten months of 2011 the Agency closed already 45 investments worth over 1 billion euros, which will create almost 9 thousand new jobs. The value of the new projects already exceeds the result achieved throughout the whole 2010. In the last 3 years 131 foreign companies supported by PAIiIZ opted for investments worth a total of 2.6 billion euros and employed over 28 thousand people. Among the investors, the Americans, Swedes and French were dominating. The most popular sector was the BPO and R&D, automotive and machinery. 24,5% of the investment value closed by PAIiIZ went to the Lower Silesia voivodeship, 14,5% to Mazovia and 10% to the Wielkopolska region. Over 1/3 of all the investors located their investments in the special economic zones.
PAIiIZ’s participation in the investment project in Poland in the years 2009-2011 was 14%. The Agency supported companies such as: Cargotec, Ikea, Pilkington, Goodrich, MTU, Indesit, 3M, Cadbury, ABN Amro, Nordea, HP and Geoban.
Currently the Agency services 150 investment projects with a total value of 5,9 billion euros which declare over 45 800 new jobs. The dominated investors come from the USA, Great Britain and China and from the BPO, automotive and machinery sector.
UNCTAD predicts that FDI inflow in the world will return to the pre-crisis level in 2011. Meanwhile, the investors are looking for locations burdened with the lowest risk. In the forefront of these countries is Poland. In the latest UNCTAD report Poland took 6th place in the world in terms of investment attractiveness. (PAIiIZ)
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