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 27^th, 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)

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)

PAIiIZ helps new investors enter the Polish market

PAIiIZ helps new investors enter the Polish market

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

As of September 27^th, 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), North 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

ANALYSES AND REPORTS

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 28^th, 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)

EVENTS

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 5^th, 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 3^rd, 2011 at aleksandra.bigda@paiz.gov.pl. (PAIiIZ)