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Henryk Sanecki Consul, First Counselor Head of Trade & Investment Section Consulate General of the Republic of Poland 16 May 2013 ting with participants of the mission to Poland
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Page 1: Henryk Sanecki Consul, First Counselor Head of Trade & Investment Section Consulate General of the Republic of Poland 16 May 2013 Meeting with participants.

Henryk Sanecki

Consul, First Counselor

Head of Trade & Investment Section

Consulate General of the Republic of Poland

16 May 2013

Meeting with participants of the mission to Poland

Page 2: Henryk Sanecki Consul, First Counselor Head of Trade & Investment Section Consulate General of the Republic of Poland 16 May 2013 Meeting with participants.

POLAND - Basic information

Poland, with a population of over 38.5 million inhabitants, is the largest member of the European Union among all the countries of Central and Eastern Europe. In terms of the number of inhabitants, Poland is the 34th largest country in the world and the 6th largest in the EU. In terms of gross domestic product (GDP), Poland is the 8th biggest economy in the EU and the 21st biggest economy in the world (2010 GDP in current prices, USD-denominated, IMF, World Economic Outlook Database, October 2012).

Page 3: Henryk Sanecki Consul, First Counselor Head of Trade & Investment Section Consulate General of the Republic of Poland 16 May 2013 Meeting with participants.

Poland - Key FactsArea: 312 700 sq km – 6th in European Union

(195 400 sq miles – comparable with Arizona)

Population: 38,5 million – 6th in European Union(– comparable with California)

Currency: Polish Zloty (1 USD ~ 3.2 PLN, 1 EUR ~ 4.1 PLN)

GDP: USD 771.658 billion *(PPP, 2011) – IMF data

USD 802,145 billion (PPP, 2012) – IMF estimates

GDP per capita: USD 20,334.191 *(PPP, 2011) – IMF data USD 21,310.289 (PPP, 2012) – IMF estimates

GDP growth: 1.8% (2009), 3.9% (2010), 4.3% (2011), 1.9% (2012), 1.3%(EC forecast, 2013)

Membership: EU, NATO, OECD, WTO, Schengen Zone

* (PPP - Purchasing Power Parity)

Page 4: Henryk Sanecki Consul, First Counselor Head of Trade & Investment Section Consulate General of the Republic of Poland 16 May 2013 Meeting with participants.

2000 km radius

550 m people

1000 km radius

250 m peopleLabour force young, well-educated work force ca 11% of university students in the EU 460 universities & high education schools language proficiency increasing labour productivity

Labour force young, well-educated work force ca 11% of university students in the EU 460 universities & high education schools language proficiency increasing labour productivity

Location & economic fundamentals

strategic location in continental Europe part of trans-European transportation corridor fourth fastest growing EU country in 2011 38 million consumers

Location & economic fundamentals

strategic location in continental Europe part of trans-European transportation corridor fourth fastest growing EU country in 2011 38 million consumers

Investment incentives tax exemptions in 14 Special Economic Zones grants co-financed from the EU (EUR 90 bn)

Investment incentives tax exemptions in 14 Special Economic Zones grants co-financed from the EU (EUR 90 bn)

Competitive Advantages

Page 5: Henryk Sanecki Consul, First Counselor Head of Trade & Investment Section Consulate General of the Republic of Poland 16 May 2013 Meeting with participants.

Unemployment rate

Mazowieckie10.2%

Podlaskie13.9%

Lubelskie13%

Podkarpackie15.3%

Małopolskie10.6%

Śląskie10.2%

Opolskie13.1%

Dolnośląskie12.4%

Lubuskie14.9%

Świętokrzyskie14.9%

Łódzkie13%

Wielkopolskie9,1%

Warmińsko--Mazurskie

19.3%

Pomoskie12.1%

Kujawsko--Pomorskie

16.6%

Zachodnio--Pomorskie

16.5%

14% >

11-13.9

10.9% <as of the end of August 2012

Source: Central Statistical Office, August 2012

8/2012 : 12.4%, 1 964.7 thous.

(labour force 16,99 M)

Year Unemployed Unemployed with higher education

2005 3 050 000 145 000

2012 1 960 000 216 000

Page 6: Henryk Sanecki Consul, First Counselor Head of Trade & Investment Section Consulate General of the Republic of Poland 16 May 2013 Meeting with participants.

Harmonized unemployment rate in December 2012 in selected EU member states

(source: Eurostat)

Page 7: Henryk Sanecki Consul, First Counselor Head of Trade & Investment Section Consulate General of the Republic of Poland 16 May 2013 Meeting with participants.

ICT

Finances, B&A

Science

Engineering

Students by major:

Tri-City

95 000

Lodz

120 500

Warsaw

276 000

Poznan

137 500

Krakow

185 000

Wroclaw

146 000

Main academic centers

Katowice

112 000

The most popular majors

Page 8: Henryk Sanecki Consul, First Counselor Head of Trade & Investment Section Consulate General of the Republic of Poland 16 May 2013 Meeting with participants.

Talent shortage problem in Poland does not exist: only 4% of employers have trouble filling vacancies

Poland ranks 1st among 39 countries surveyed by Manpower

Talent shortage problem by country

Source: Manpower 2011 Talent Shortage Survey

Page 9: Henryk Sanecki Consul, First Counselor Head of Trade & Investment Section Consulate General of the Republic of Poland 16 May 2013 Meeting with participants.

Foreign language capability by age groups

Source: CBOS Survey 2009

Foreign language capability among students

Learning of foreign languages is obligatory in the Polish education system

English is the most popular foreign language in Poland

Children learn foreign languages from the age of 6

Language proficiency is one of the strongest points for Poland as a BSS hub

Foreign language capabilities

0%

20%

40%

60%

80%

100%

English German Russian French Spanish

Source: Hays, 2012

Page 10: Henryk Sanecki Consul, First Counselor Head of Trade & Investment Section Consulate General of the Republic of Poland 16 May 2013 Meeting with participants.

44,239,339,1

38,634,2

33,731,3

30,129,7

29,227,4

26,823,1

20,620,1

17,516,5

14,412,111,9

10,58,48,1

7,67,1

5,95,5

4,23,5

Norway

Belgium

Sweden

Denmark

France

Luxembourg

the Netherlands

Germany

Finland

Austria

Ireland

Italy

EU 27

Spain

UK

Greece*

Cyprus

Slovenia

Portugal

Malta

Czech Rep.

Slovakia

Estonia

Hungary

Poland

Latvia

Lithuania

Romania*

Bulgaria

Hourly labour costs and trade union density

Source: Eurostat, March 2012; OECD, Online OECD Employment database, May 2012 * data for 2009 (data for 2010 not available)** data for 2008 (data for 2010 and 2009 not available

70.068.8

68.4

54.4

52.0

35.1

33.7

28.1

26.5

24.0

19.4

19.3

18.6

18.4

18.1

17.3

17.2

16.8

15.9

15.0

11.4

10.0

7.6

Finland

Denmark*

Sweden

Norway*

Belgium*

Italy

Ireland*

Austria

UK

Greece**

The Netherlands

Portugal

Germany

Japan

OECD area

Czech Rep.*

Slovakia**

Hungary**

Spain*

Poland

USA

Korea*

France**

Trade union density in OECD countries in 2010 (in %)Hourly labour costs in 2011 in EUR

Page 11: Henryk Sanecki Consul, First Counselor Head of Trade & Investment Section Consulate General of the Republic of Poland 16 May 2013 Meeting with participants.

Modernisation of roads and railroads network

Source: GDDKiA, MT

Till 2006 2007-20132014 – 2020New constructionsAfter 2020

RailroadsHighways and expressways:   existing   under construction   planned

Page 12: Henryk Sanecki Consul, First Counselor Head of Trade & Investment Section Consulate General of the Republic of Poland 16 May 2013 Meeting with participants.

21.7

20.5

7.077.55

11.5

18.920.6

19.1

15.4

0

5

10

15

20

25

200320042005200620072008200920102011

Passengers served by Polish airports (in millions)

Source: The Civil Aviation Office, 2012

Air transport

Direct flights to major European cities

LondonWarsaw, Gdańsk, Wrocław, Kraków, Rzeszów, Szczecin, Bydgoszcz, Katowice, Poznan, Łódź

FrankfurtWarsaw, Gdańsk, Wrocław, Poznań, Kraków, Katowice, Rzeszów

Munich Warsaw, Gdańsk, Wrocław, Kraków, Poznań

ParisWarsaw, Katowice, Kraków, Wroclaw, Poznań, Gdańsk

DublinWarsaw, Wrocław, Katowice, Kraków, Poznan, Gdansk, Bydgoszcz, Szczecin, Łódź, Rzeszów

OsloWarsaw, Katowice, Kraków, Wroclaw, Poznań, Gdańsk, Szczecin

Milan Warsaw, Katowice, Kraków

DortmundWarsaw, Katowice, Wroclaw, Kraków, Poznan, Łódź

Brussels Warsaw, Katowice, Kraków, Wrocław

Location of main Polish airports

European flights

Domestic flights

Overseas flights

WARSZAWAWARSZAWA

SZCZECIN

ZIELONA GÓRA

BYDGOSZCZ

ŁÓDŹ

RZESZÓWRZESZÓW

WROCŁAW

KATOWICE

KRAKÓWKRAKÓW

GDAŃSK

POZNAŃ

Airports under construction

MODLIN

LUBLIN

KILECE

GDYNIA

Page 13: Henryk Sanecki Consul, First Counselor Head of Trade & Investment Section Consulate General of the Republic of Poland 16 May 2013 Meeting with participants.

Top business locations across the world

Warsaw Ranked #12 Among Top Business Locations Across the World

Source: CB Richard Rllis, 2011

Page 14: Henryk Sanecki Consul, First Counselor Head of Trade & Investment Section Consulate General of the Republic of Poland 16 May 2013 Meeting with participants.

Portugal- 1,6**

GB0,7

France1,7*

Germany3,0

Ireland0,7

Belgium1,9

Spain0,7

Italy0,4

Luxemburg1,6

Holand1,2

Czech1,7 Slovakia

3,0Austria

3,1 Hungary1,7

Romania2,5

- 0,2Slovenia

Bulgaria1,7

Greece*- 6,9

Denmark1,0

Sweden3,9

Finland1,9

Estonia7,6

Latvia5,5

Lithuania5,9

POLANDPOLAND4,34,3

* forecast

under 1,4

1,4 – 1,7

1,7 – 2,3

2,3 – 3,2

over 3,2

GDP growth in the EU countries in 2011

in 2009in 2009

Poland Poland avoided recessionavoided recession & & experienced the highest GDP growth experienced the highest GDP growth in Europein Europe

Source: Eurostat, 2012

in 2010in 2010

developed at developed at one of the highest one of the highest pacepace in Europe in Europe

in 2011in 2011

Poland Poland continuedcontinued to develop at the to develop at the pace three times higher then the EU pace three times higher then the EU averageaverage

Page 15: Henryk Sanecki Consul, First Counselor Head of Trade & Investment Section Consulate General of the Republic of Poland 16 May 2013 Meeting with participants.

Spending structure of Polish households in 2010 (in %)

21.8

F

ood

20.7 Housing & energy

9.1 Transport

Rec

reat

ion

& c

ultu

re 7

.8

Resta

uran

ts & h

otels

6

.8

Alcohol & cigarettes 5.7

Clothing & footwear 5.2

Household equipment 4.9

Health 4.9

Com

munication 4.5

Other 8.6

Source: Central Statistical Office

Page 16: Henryk Sanecki Consul, First Counselor Head of Trade & Investment Section Consulate General of the Republic of Poland 16 May 2013 Meeting with participants.

FDI Attractiveness

Source: FDI Intelligence Report, September 2011

Page 17: Henryk Sanecki Consul, First Counselor Head of Trade & Investment Section Consulate General of the Republic of Poland 16 May 2013 Meeting with participants.

International recognition

66thth place place as the most attractive FDI destination World Investment Report

2nd2nd most attractive country for FDI in the next 3 years

European

Attractiveness

Survey

33rdrd place place worldwide as the best quality location for manufacturing projects

FDI Benchmark

2nd2nd location in Eastern Europe and Russia offering the greatest revenue opportunities over next

three years

Emerging market growth strategies, practices and outlook

Page 18: Henryk Sanecki Consul, First Counselor Head of Trade & Investment Section Consulate General of the Republic of Poland 16 May 2013 Meeting with participants.

Top ranking destination countries by estimated jobs in Business Services

0 4000 8000 12000 16000 20000

Philippines

India

USA

Poland

China

UK

Colombia

Costa Rica

Fiji

Ireland

South Africa

Sri Lanka

Hungary

Australia

Egypt

Poland ranked 8th in the top destination

countries by estimated jobs

Poland no. 4 according to new jobs creation

in Business Support Services

Source: IBM Global Location Trends, 2011

Page 19: Henryk Sanecki Consul, First Counselor Head of Trade & Investment Section Consulate General of the Republic of Poland 16 May 2013 Meeting with participants.

Other countries

8.5%

EU91.5%

Geographical sources of FDI in Poland

Source: National Bank of Poland 2011

Page 20: Henryk Sanecki Consul, First Counselor Head of Trade & Investment Section Consulate General of the Republic of Poland 16 May 2013 Meeting with participants.

Poland’s foreign trade volumes in January-August 2012 – breakdown by countries (source: GUS)

Page 21: Henryk Sanecki Consul, First Counselor Head of Trade & Investment Section Consulate General of the Republic of Poland 16 May 2013 Meeting with participants.

Poland’s foreign trade volumes in January-August 2012 – breakdown by countries (source: GUS)

Page 22: Henryk Sanecki Consul, First Counselor Head of Trade & Investment Section Consulate General of the Republic of Poland 16 May 2013 Meeting with participants.

Poland’s foreign trade volumes (source: GUS)

Foreign trade – in 2012 exports grow faster than importsAccording to the newest data from GUS, exports grew faster than imports in the first eleven months of 2012. PLN-denominated exports in current prices were higher by 8.1% y/y and amounted to PLN 553.7 bln. Imports, in turn, increased y/y by 3.2%, hitting the level of PLN 587.9 bln. Poland’s foreign trade deficit declined significantly to EUR 8.1 bln at the end of November, compared with EUR 14.3 bln at end-November 2011.

Page 23: Henryk Sanecki Consul, First Counselor Head of Trade & Investment Section Consulate General of the Republic of Poland 16 May 2013 Meeting with participants.

5,35,65,65,8

9,310,5

13,1

18,720,4

26,8

0

5

10

15

20

25

30

Ne

the

rla

nd

s

Ge

rma

ny

Fra

nc

e

Lu

xe

mb

ou

rg

Ita

ly

US

A

Sw

itze

rla

nd

Un

ite

d

Kin

gd

om

Au

str

ia

Sw

ed

en

Major FDI investors in Poland (FDI stock as of the end of 2010, in bn EUR)

Source: National Bank of Poland 2011

Page 24: Henryk Sanecki Consul, First Counselor Head of Trade & Investment Section Consulate General of the Republic of Poland 16 May 2013 Meeting with participants.

10%

13%

15%

15%

16%

19%

19%

19%

20%

20%

21%

25%

26%

26%

26%

28%

30%

33%

33%

34%

Bulgaria

Ireland

Latvia

Lithuania

Romania

Poland

Hungary

Slovakia

Slovenia

Czech Rep.

Estonia

Ukraine

the Netherlands

Finland

Sweden

UK

Spain

Germany

France

Belgium

Source: http://www.worldwide-tax.com/

Entrepreneurs in Poland pay one of the lowest CIT in Europe

Corporate income tax rates across Europe

Page 25: Henryk Sanecki Consul, First Counselor Head of Trade & Investment Section Consulate General of the Republic of Poland 16 May 2013 Meeting with participants.

Companies with foreign shareholding in Polish regions

Mazowieckie

Podlaskie

Lubelskie

Podkarpackie

Małopolskie

ŚląskieOpolskie

Dolnośląskie

Lubuskie

Świętokrzyskie

Łódzkie

Wielkopolskie

Warmińsko--Mazurskie

Pomorskie

Kujawsko--Pomorskie

Zachodnio--Pomorskie

Source: Central Statistical Office, 2011

Number of entities with

foreign shareholding

Number of

persons employed

Poland 23 078 1 518 398

Mazowieckie 8 576 532 109

Dolnośląskie 2 274 145 807

Śląskie 2 077 167 758

Wielkopolskie 2 062 204 216

Małopolskie 1 471 87 956

Zachodniopomorskie 1 299 48 656

Pomorskie 1 246 57 335

Łódzkie 950 75 794

Lubuskie 777 36 252

Kujawsko-pomorskie 571 38 195

Opolskie 471 24 909

Podkarpackie 345 36 566

Lubelskie 343 20 875

Warmińsko-mazurskie

301 14 091

Świętokrzyskie 174 18 704

Podlaskie 141 9 175

Page 26: Henryk Sanecki Consul, First Counselor Head of Trade & Investment Section Consulate General of the Republic of Poland 16 May 2013 Meeting with participants.

   

23 thous. companies with foreign shareholding, majority of which are large companies

companies with foreign shareholding give job to over 1.5 m people, which represents 9.7% of all employed

companies employ more people than domestic firms (respectively 175 and 92)

they are characterized by far higher productivity than domestic firms (by 74.7%)

they are responsible for 52.8% of Polish exports and 54.2% of Polish imports

their employees are better paid and have access to know-how and newest technologies

Companies with foreign shareholding in Poland

Page 27: Henryk Sanecki Consul, First Counselor Head of Trade & Investment Section Consulate General of the Republic of Poland 16 May 2013 Meeting with participants.

Special Economic Zones (SEZ)

SEZ is a designated area in which manufacturing or distribution activities can be conducted on preferential terms

The purpose of SEZs is to support regional development

Currently, there are 14 SEZs in Poland, each consisting of several subzones

Total area of all SEZ – 20 000 hectares

SEZ will operate until 2020, hopefully longer

Permits to conduct activities in SEZ are issued by the authorities of each SEZ

Minimum investment: EUR 100,000

Possibility of including the land selected by an investor into SEZ

Benefits of obtaining a permit to conduct activities in SEZ :

eligibility for income tax exemption – a form of regional aidplot of land prepared for an investment project, available at a competitive pricefree assistance in dealing with formalities relating to the investment project

Page 28: Henryk Sanecki Consul, First Counselor Head of Trade & Investment Section Consulate General of the Republic of Poland 16 May 2013 Meeting with participants.

Forms of regional aid

Tax breaks CIT exemption in Special Economic Zone

Real estate tax exemption

Cash support

Government grants through individual negotiations

Cash grants co-financed from the EU Funds

Page 29: Henryk Sanecki Consul, First Counselor Head of Trade & Investment Section Consulate General of the Republic of Poland 16 May 2013 Meeting with participants.

What do these objects have in common?

Page 30: Henryk Sanecki Consul, First Counselor Head of Trade & Investment Section Consulate General of the Republic of Poland 16 May 2013 Meeting with participants.

They were all invented by the Poles!

• Car wiper blades - Józef Hofmann

• Bullet-proof vest - Jan Szczepanik

• Telectroscope - Jan Szczepanik

• Kerosene lamp - Ignacy Łukasiewicz

• ENIGMA cypher machine decrypting code -

Marian Rejewski, Henryk Zygalski, Jerzy Różycki

• Hand mine detector - Józef Kosacki

• Oil extracting device - Witold Zglenicki

• Blue laser semiconductor – GaN – Sylwester Porowski

Page 31: Henryk Sanecki Consul, First Counselor Head of Trade & Investment Section Consulate General of the Republic of Poland 16 May 2013 Meeting with participants.

Created in Poland - examples

Page 32: Henryk Sanecki Consul, First Counselor Head of Trade & Investment Section Consulate General of the Republic of Poland 16 May 2013 Meeting with participants.
Page 33: Henryk Sanecki Consul, First Counselor Head of Trade & Investment Section Consulate General of the Republic of Poland 16 May 2013 Meeting with participants.

Emerging market, yet a mature & secure investment location

7 hours to New York

2 hours to London

2 hours to Moscow

8 hours to Tokyo

•Unemployment rate at 12%

(at European Union average)

• Inflation rate at around 3,5% vs. 3% average for EU

• Attractive salary levels up to 40% lower vs. Western

Europe

• VAT: 23%, Income Tax: 18-32%, Corporate Tax – 19%

• Youngest population in Europe

(50% of Poles below age 37)

Sources: International Monetary Fund, Ministry of Economics in Poland, Polish Central Statistical Office, Polish Foreign Investment & Information Agency

1 hour to Berlin

Page 34: Henryk Sanecki Consul, First Counselor Head of Trade & Investment Section Consulate General of the Republic of Poland 16 May 2013 Meeting with participants.

Sectors of opportunities

• Business Services Sector

• Research & Development

• automotive

• machinery

• food-processing

• aviation

• energy: nuclear power plant, renewable energy sources

Page 35: Henryk Sanecki Consul, First Counselor Head of Trade & Investment Section Consulate General of the Republic of Poland 16 May 2013 Meeting with participants.

Why Poland? Summary

Availability of skilled human resources

Economic and political stability

Effective incentives system

Strategic location – gateway to the EU

Page 36: Henryk Sanecki Consul, First Counselor Head of Trade & Investment Section Consulate General of the Republic of Poland 16 May 2013 Meeting with participants.

Thank you for your attentionThank you for your attention

HENRYK SANECKI

Consul, First Counselor

Head of Trade & Investment Section

Consulate General of the Republic of Poland

www.newyork.trade.gov.pl

Presentation upon data given by Polish Information and Foreign Investment Agency

( PAIIZ: www.paiz.gov.pl )


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