| POLISH INFOMATION AND FOREIGN INVESTMENT AGENCY | ||||||||||
 
NEWSLETTER
July 1st, 2016, Issue 491 | ||||||||||
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NEWS Poland's investment brand - panel discussion
In the heart of Warsaw's business, in the Warsaw Stock Exchange, foreign investors and representatives of public administration met to talk about economic patriotism and the idea of creating the investment brand "Poland". “Poland is able to win investors not only thanks to investment incentives but also due to high class investment service. Effectivity is an attribute Poland should be associated with" - said head of PAIiIZ, Bart³omiej Pawlak, during the panel discussion.
Participants of the meeting were asked to assess Poland’s investment attractiveness. They jointly gave the country “4+” grade in 1 to 5 school scale. They also agreed that Poland’s set of investment competitive advances starts with the big internal market, central location and - what is the most important - good human capital. “Poland as a base for professionals, has been a natural choice for us, when choosing investment location” - said Agnieszka K³os, director of sales and customer service in Provident Polska.
More information: www.paiz.gov.pl/20160627/Polands_investment_brand_panel_discussion Japan welcomes Polish IT companies
Japan External Trade Organization (JETRO) is holding a promotion campaign encouraging foreign investors to enter Japan. Experts of JETRO came to Poland to discuss business opportunities of Japanese market, especially in IT sector.
Now, the time has come for Japan to open the market for Polish investments and technology. More information: www.paiz.gov.pl/20160627/Japan_welcomes_Polish_IT_companies. (PAIiIZ) Lear more about opportunities of the Japanese market from the presentation of ITC Corporation:
INVESTMENTS IN POLAND 1Q 2016 in PAIiIZ FDI portfolio: 31 projects completed
In the first six months of 2016, 31 investment projects were completed by PAIiIZ with a positive investment decision. That is 10 more than in the same period of 2015.
In total, all completed projects in 2016 FDI are worth €385m and will lead to the creation of 7,049 new jobs. The vast majority of them represents business services sector (BSS).
PAIiIZ is currently working on 181 projects with a total value of €3.7bn. If successful, they can generate 41,370 new jobs in Poland. Among the countries that provide the biggest number of projects there are: the US (48 investments) and Germany (23 investments). Also Polish investors are on a high position in PAIiIZ's portfolio (8 projects worth over €171m, planned employment of 1,010 people). As far as the sectors, the majority of projects represents BSS (business services sector - 70 projects), automotive (34 projects), R&D and the food industry (in 13 projects). (PAIiIZ) Re-investors in £ód¼ SEZ
Four companies received the business permit by £ód¼ Special Economic Zone. Cortizo, HSV and Isopak will invest again in Radomsko, while Kellogs is developing its business in Kutno. The total value of all new projects reaches PLN 365m.
Operating in Poland since 2009, Spanish producer of aluminium accessories for construction sector, Cortizo, is planning to expand its factory in Radomsko Subzone and develop the neighbouring infrastructure. On the other hand, both producers of Styrofoam, HSV and Italy-based Isopak are increasing the production capacity of their factories by investing in new machinery. So is Kellogs. This world famous food producer is going to buy a new production line to manufacture Pringles crisps. This is the third business permit for Kellogg’s in Kutno. Due to the four new reinvestments, 113 new jobs will be created in £ód¼ Special Economic zone. Moreover, 450 already existing jobs will be maintained there. (£SSE) The second investment of FILL in Zator
Zator subzone of Kraków Technology Park has new project. FILL, Polish manufacturer of roller shutters and blinds received the second business permit to operate in Kraków SEZ.
The investment worth PLN 2.5m is an expansion of the existing plant. The investor is planning to create at least 25 new jobs there. As a part of the Kraków Technology Park, Zator, focuses on the sustainable development of the municipality and creation of good conditions for investments for SMEs, especially with Polish capital. So far, 19 companies have invested there, implementing 26 investment projects. Through a successive increase in revenues from PIT and property tax, the municipality can invest in projects improving the quality of inhabitants’ life and of the environment. (KPT)
EVENTS Towards Moscow
Trade and Investment Section of the Polish Embassy in Russia invites Polish companies to join to incoming trade shows this summer: Innoprom 2016 (10-14 July) and MIMS Automechanika 2016 (22-25 April).
During both meetings Polish companies will have the opportunity to present their catalogues, leaflets and other promotional material on the National Stand. To join the event, please contact Polish Embassy in Moscow: Stanis³aw Pod¶ciański, VOIP +48 22 490 97 43; +7(495) 231 16 11; +7(985) 299 75 92. More information about both events: www.innoprom.com and www.mims.ru ANALYSES AND REPORTS Deloitte report on "the start-up ecosystem in Poland"
Do start-ups in Poland have good environment for growing? To examine that, Deloitte has surveyed 211 Polish start-ups and prepared a model of maturity of the start-up ecosystem. The model, in a 1-4 scale, measures the areas determining the development of those young companies.
Authors of the report have identified five key areas that shape the ecosystem of Polish start-ups. Those are: financing, law regulations, human capital, social capital and institutional environment. Considering all factors, Deloitte’s experts concluded that Poland gained the total of 1.93 points, what means the country has moderately mature ecosystem for techno-businesses. Poland gained the highest scores in law regulation (2.55 points) and institutional environment (2.5 points), although, according to Deloitte, transparency of the tax system and the time needed to start a business are the areas that should be improved. On the other hand, experts have praised the system of public support for R&D in Poland, however in their view, the budget is not always well allocated.
Also human capital is relatively high rated (2.27 points). This means - the authors say - that Poland has great potential to create a base of specialists, thanks to the large number of students and graduates in engineering and science. However, this advantage is not fully used due to low interest of students in the most needed academic education paths. What is to be improved in Poland is a social capital (1.5 points), especially interaction skills should be improved in Poland. Aversion to risk among Poles should be reduced. According to experts, there is also a lack of attitude of openness to sharing knowledge and involvement in social life in Poland. The report also indicated that start-ups funding is an area for further development (1.68 points). Attention was drawn to a small number of business angels and venture capital funds as well as to the lack of fiscal incentives to invest in start-ups. Also the possibility of using some types of the funding schemes is lacking (e.g. Option pool - a form of additional remuneration of loyal employees). (Deloitte) DID YOU KNOW...? Meet Photon - friendly coding coach for children
Poles invented Photon - world’s first interactive robot that grows up with children while teaching them programming.
Photon is an intelligent and interactive robot that teaches children how to code. Through engaging storytelling, experiments and heavy use of gamification the robot is able to explain the basics of programming in a digestible and most importantly: fun way.
“In four years there will be a gap of over a million computing jobs and candidates available for grabbing” says Marcin Joka, the CEO of Photon Entertainment. “We want to take part in closing that gap and proving that with a proper set of tools even a six year old can successfully learn how to code, and have a huge advantage in his or her future career”, he explains to Linktopoland. Photon Entertainment has successfully collected funds for creating Photon on Kickstarter. Special challenge-tied stretch goals include backer exclusive accessories for the robot (such as a jetpack or mouth allowing for speech visualization) as well as donations for various child related charities (cancer wards, orphanages and others). (linktopoland.com)
More about Photon: www.meetphoton.com/en/home 
Editorial office: Polish Information and Foreign Investment Agency, 00-585 Warsaw, Bagatela Street 12 Information and Communication Department, tel: +48 22 334 99 49, fax: +48 22 334 99 99, e-mail: redakcja@paiz.gov.pl | ||||||||||
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Poland is one of the strategic economic partners of Japan in Central - Eastern Europe. Every third Japanese company that has invested in the region, is located in Poland. According to FDI Intelligence, between 2003 - 2015, Japanese companies have invested €4.8bn in Poland. It means that Japan is the 8th biggest foreign investor in the Polish market. Japan is also the fourth most active country in PAIiIZ FDI portfolio. Currently, the Agency supports 10 Japanese investment projects with a total value of €158,7m, which can lead to the creation of more than 3.500 new jobs.
