The two-day trade mission programme includes numerous meetings, seminar for Polish companies about investing in Korea and Polish-Korean Economic Forum. The forum was attended by Minister Waszczykowski, Deputy Minister Kościński, Deputy Minister of Treasury Mikołaj Wild and PAIiIZ Deputy President Krzysztof Senger, who presented business opportunities and investment climate in Poland to the Korean business. After the official part, the B2B talks between companies from both countries were held. The Polish business delegation has been attended by entrepreneurs from the IT, cosmetic, chemical, food and renewable technologies sectors.

Meeting with the Korean company during the trade mission to Seoul (photo: Ministry of Development)

October 20, directly from Korea, Tadeusz Kościński and Krzysztof Senger went to Taiwan where they participate in the 6th Economic Consultations Poland - Taiwan. (PAIiIZ)

More information: www.paiz.gov.pl/20161019/mission_to_seoul

Arranged every two years by PAIiIZ, Marshals of all Polish Voivodships and Regional Investor Service Centres (COI), the Golden Site contest is held in each of sixteen Polish provinces. It aims to select and awards the best greenfield sites in each region that has at least 2 hectares and is under the Local Development Plan is dedicated to industrial project.

The competition is open to all Polish municipalities that can submit any number of offers. There is, however, one exception. The plot should not be covered by the programme of Special Economic Zones or Technology Park.

All of the winning plots will be added to PAIiIZ Database of Investment Offers that already have 2,000 greenfield sites offered to investors. Municipality that took part in the contest knows that a well-tailored investment offer and winning the Golden Site Contest is a gateway to lucrative investment contract. PAIiIZ statistics shows that more than half of the previous winners of the contest already won investors.

16 winners of the Golden Site Contest 2016

Especially for the municipalities located in those areas of Poland that not often catch the eyes of investors, the contest gives them the opportunity to be discovered. This chance should not be overlooked.

More information and the list of the winners: www.paiz.gov.pl/20161020/golden_site_award_gala. (PAIiIZ)

Production of engines at the TMIP in Jelcz-Laskowice (photo: Wałbrzych SEZ)

TMIP, which currently produces 1.4L and 2.2L Diesel engines, will add two petrol engines to its production: TNGA 1.5 L and 2.0 L.

The investor also plans to develop R&D activities in the assessment of the quality and strength of materials for the engines production. The beginning of investment is planned for July 2017, and the production of new engines for September 2019. The value of investment in Jelcz-Laskowice is estimated on approx. PLN 371 m. In 2018-2020 TMIP will employ approx. 50 people.

Deputy Prime Minister, Minister of Development Mateusz Morawiecki, president of TMMP Eiji Takeichi and president of TMIP Kazunari Masuoka (photo:www.mr.gov.pl)

In Wałbrzych, the production of hybrid transaxle will be launched. Additionally, some R&D functions through testing materials for production will be started at TMMP to support the localisation of hybrid transaxle parts.

Toyota Motor Manufacturing Poland in Wałbrzych (photo: Wałbrzych SEZ)

This will be the first production centre of Toyota's hybrid technology combined with the R&D activity outside of Asia and the second outside Japan. It will allow the company to transfer special know-how to Poland. Investment in Wałbrzych is worth approx. PLN 278 m and will create dozens of new jobs by 2018.

Toyota operates in Poland since 1991. Including all subordinate companies, Toyota employs approx. 3,000 people. The value of existing investments of the group in Poland is around EUR 760 m. (MR)

Polish branch of the company belongs to the European Vandemoortele Group, which manufactures and sells food products, such as frozen bakery, margarine, fats and oils. The plant in Kutno will produce mainly frozen bread. The company is to invest PLN 12 m and create more than 60 new jobs there.

© Antonio Gravante - Fotolia.com

The investor plans to cooperate with subcontractors in Poland and does not exclude the expansion of the plant. (PAIiIZ)

Organized on the occasion of an official visit to Poland of the president of Senegal Mr. Macky Sall, the Forum will be the opportunity to conduct business talks with representatives of Senegalese government and entrepreneurs. One will also be invited to learn more about the programme of development of Senegal.

The forum will be held in the presence of president of Poland Andrzej Duda and members of the Ministry of Development.

Registration is available until 10.21.2016 by: www3.paiz.gov.pl/konferencje/?Poland_Senegal_Economic_Forum&lang=en

© pressmaster-Fotolia.com

We are interested in the comments from companies with foreign capital, relating to the broad spectrum of factors that influence the conditions of both the setting up and running companies in our country.

The questionnaire is active until 31 October 2016 on: www.paiz.gov.pl/climate

The findings of the survey and the final report will be presented during the press conference in 4Q 2016.

The survey is anonymous, in the report no names of individuals nor companies shall be presented. (PAIiIZ)

This year, participants will learn about the impact of ongoing investments of such companies as Volkswagen Poznań (factory in Września), GM Manufacturing Poland, MAN Truck & Bus (Starachowice) on the automotive industry. Also "good practice" of TRW Steering Systems Poland, Cooper Standard Poland, NSK Steering Systems Europe (Poland) and GEDIA will be presented there.

During the banquet at the end of the first day of the Forum, the Award Ceremony of the Polish Automotive Industry will be held. Candidates for the awards can be submitted on-line Polish Information and Foreign Investment Agency took patronage over the event.

More information on: www.motosolutions.pl

Last year, FDI inflow to Poland amounted to PLN 50.78bn, it is almost PLN 5.5bn more than in previous year. It is also the best result, since 2007.

Traditionally, the reinvestments were the largest part of the inflow (value of PLN 30.4bn that is nearly 60% of the total value), followed by inflows in the form of share capital (PLN 15.5bn) and in the form of debt instruments (PLN 4.9 bn).

FDI inflow to Poland in 2007-2015 in million PLN (source NBP)

The vast majority of investments were received from the EU countries (PLN 49.5bn, 97%). The highest value of the investments was recorded from the Netherlands (PLN 12bn), the UK (PLN 10.6bn), Germany (PLN 9.8bn), Spain (PLN 4bn) and Austria (PLN 3.2bn). However, the Netherlands should be treated as a transit country. The outflow was recorded in the case of companies from the US (PLN 1.3bn).

As for sectoral composition of FDI, most investment went to manufacturing industry (PLN 11.8bn) and consulting (PLN 10.3 billion). (PAIiIZ / NBP)

Światowid will be accompanied in orbit at an altitude of 310 kilometres by two others Polish nanosatellites PhoneSat. The objects will be launched from a floating platform in the Pacific Ocean.

“So far, 3 Polish commercial satellites were placed in space: PW-Sat, which was created by students. There are also two scientific satellites - Lem and Heweliusz. "PhoneSat works under the control of Android and on electronic components used in mobile phones. We want to see how this type of satellite behave in space”, says Grzegorz Zwoliński, co-founder of SatRevolution.

Visualisation of Światowid satellite (fot. SatRevolution)

The housing has a parallelepiped shape with dimensions of 10x10x20 cm. The entire structure of the satelitę was made using 3D printing technology. The satellite there will be equiped with retractable handle for a camera. In addition, the satellite will use an advanced system of opening photovoltaic panels, a set of sensors allowing to determine the position of the satellite with the Earth and special sensors that allow exploration of space.

SatRevolution is the first Polish company engaged in mass production of nanosatellites both for private and commercial use. Its founders are resposible for the success of T-Bull SA, a leading Polish manufacturer of mobile games. The R&D team, that designed and produced the satellite, has already created a number of innovative solutions, such as bionic arm controlled by signals from the brain.

SatRevolution cooperates with the Wrocław Research Centre EIT+, that is the biggest R&D centre in Poland. (SatRevolution)