| POLISH INFOMATION AND FOREIGN INVESTMENT AGENCY | ||
 
NEWSLETTER
February 18th, 2016, Issue 473 | ||
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NEWS “Make in India Week” - economic mission of Polish companies to Indian
An economic mission of Polish government and business representatives visited Mumbai between 12-16th of February 2016. The mission was headed by Piotr Gliński, Deputy Prime Minister, Minister of Culture and National Heritage.
The main goal of the visit was the participation in the international fair “Make in India Week” and business forum held in Mumbai. - The Go India programme is slowly starting. The participation of the Polish delegation in such a big event is a first step. Some companies from the Polish mining sector will come here in a few weeks time - said Sławomir Majman, President of PAIiIZ. Radosław Domagalski-Łabędzki, Undersecreraty of State in the Ministry of Development along with Katarzyna Kacperczyk, Undersecretary of State in the Ministry of Foreign Affairs, representatives of business organizations and about 20 companies from the energy, agricultural machines and food sectors also participated in the mission. - Poland must be represented in India. It is a huge market with a plethora of investment possibilities - said Deputy Prime Minister Piotr Glinski. Mr Majman underlined that co-operation with India is easier than with China because business partners in India are commercial not state owned entities and there are numerous sectors where cooperation can be developed as both, Poland and India are successful in the automotive, IT or modern services centres industries. The PAIiIZ President also informed that some ventures are planned for this year which are aimed at supporting Polish exporters. The members of the delegation met with representatives of the India government - Narendra Modi, Prime Minister. They also visited the Ministry of Finance, Ministry of Commerce and Industry and Ministry of Power. Polish companies also met with representatives of India business. The main point of the agenda was participation in the “Make in India Week” fairs and a business seminar “India - Poland: Future vistas”. The mission was a perfect occasion for Indian companies to acquaint with offers of the Polish companies, as well as with the activities of Special Economic Zones and Technological Parks in Poland. The Mission was organized by the Polish Chamber of Commerce and Polish India Chamber of Commerce in cooperation with the Ministry of Development, Polish Embassy in New Delhi and Indian Embassy in Warsaw. (Source: PAIiIZ) Increase in demand for skilled professionals and managers - 68% of employers in Poland plan to recruit
71% of the employers in Poland declared that, at the time when the survey was made, they were recruiting skilled professionals or managers. At the same time, 68% of employers in Poland are planning to recruit in the next quarter - such conclusions result from the newest Antal Global Snapshot report which measures the dynamics of employment and redundancy of skilled professionals and managers in key sectors in Poland and in the world.
In comparison with the previous forecast, employment dynamics rose by 1%. What is more, only 10% of the respondents answered that they were planning redundancies in next 3 months (a decrease by 2% in comparison with data from the 2015 mid-year report (17th edition of the survey). The latest edition of the report shows that the Polish labour market is doing better. This is very optimistic information for all candidates looking for employment but also for those who are just considering changing their jobs. It is also a challenge for the companies which, by undertaking activities in the employer branding field, want to become an employer of first choice for the most talented skilled professionals and managers - said Artur Skiba, President of the Board, Antal and Vice-president of the Association of Employment Agencies. The biggest dynamics in recruitment has been observed in the SSC/BPO sectors - 91% of the companies declared that, at the time when the survey was made, they were recruiting skilled professionals or managers. Respondents taking the survey said that the need for skilled professionals and managers in the SSC/BPO sectors will remain high in the next quarter - 87% of the companies plan to recruit them in this period of time. INVESTMENTS IN POLAND R&D in Poland
A Polish company Wielton - one of the biggest producers of semi-trailers and trailers in Europe - launched its R&D centre in Wieluń, on the 11th of February 2016. This facility is unique in its kind in Poland and only the second such facility in Europe. Mr Sławomir Krużmanowski, member of the PAIiIZ's Management Board, participated in the opening ceremony. PAIiIZ supported the investment along with the Ministry of Development.
In the R&D Centre innovative semi-trailers and trailers are designed. The aim of the investment is to increase the technological and safety level of the manufactured vehicles, as well as to check new solutions and to increment competitiveness of company's products. In addition, Wielton would also like to reduce the impact of its products to the environment. The project included construction of two new facilities and modernization of the interiors in the existing building in Wieluń. As a result, a new and modern hall was created, which is used for simulations and prototyping. The investment also envisaged creation of an office building, as well as special workshops where endurance tests and vehicle breaking systems tests are conducted.
Wielton's new R&D facility was awarded RDC status and it is now an officially recognized research facility that can act much like a university and finance its R&D projects from external sources, like EU funding or funding from the National Centre for Research and Development (NCBiR). The R&D centre is valued at PLN 22 million, where PLN 9,5 million was co-financed from the EU. Wielton is a listed company traded on the Warsaw Stock Exchange and belongs to the 5 biggest producers of semi-trailers and trailers in Europe. In Wieluń 1.200 employees contribute to the company's success and 60.000 semi-trailers have already set to the European roads. They are sold to 35 countries including Poland, Germany, France and Italy, as well as the Asian and African countries. The Wielton Group has two production plants - one in Poland and one in France and two assembly plants - in Italy and Russia. The company provides its clients with service support in Europe. (PAIiIZ/Wielton) Polish companies are looking for expansion
Companies from Eastern Poland stand out from the Polish international expansion background.
Researchers from the Warsaw School of Economics (SGH) examined in detail 75 companies traded on the Warsaw Stock Exchange and for 32 of them, which provided the researchers with all the necessary information, they calculated the index of internationalization. While preparing the index, they took into account 7 factors including for example geographical coverage of foreign investments and their share in the company’s income, employment and assets. The companies that proved to be the most global were two companies from Eastern Poland - Lubelskie Zakłady Przemysłu Skórzanego Protektor (The Protektor Capital Group from Lublin) and Asseco from Rzeszów. Apart from these companies, firms whose index of internalization was higher than 50% were Arctic Paper, PZ Cormay and Bioton. More on the recently published book ‘Direct Foreign Investments of Polish companies’ can be learnt at a conference scheduled 19th February 2016 at 12:00 in the Warsaw School of Economics. Source: http://biznes.pl/kraj/protektor-i-asseco-swieca-przykladem/1nkj56 Polish export surpasses import
The positive balance reached the level of PLN 15528.6 mln, compared to minus PLN 11095.9 mln in 2014 - such was the date published by the Central Statistical Office (GUS). Germany remains Poland’s top trade partner.
In 2015 (according to temporary data), exports at current prices amounted to PLN 747248.2 mln, while imports amounted to PLN 731719.6 mln. In comparison of 2014 exports increased by 7.8% and imports by 3.9%. Exports expressed in USD amounted to 199378.0 mln while imports amounted to USD 195249.0 mln (a decline of 10.3% and 13.6% respectively). The positive balance reached the level of USD 4129.0 mln (against minus USD 3559.1 mln in 2014). Exports expressed in EUR amounted to 178710.3 mln while imports amounted to EUR 175031.7 mln (an increase in exports of 7.8% and in imports of 3.9% respectively). The positive balance reached the level of EUR 3678.6 mln compared to minus EUR 2658.7 mln in 2014. The negative foreign trade balance was observed with developing and Central-Eastern Europe countries. The positive foreign trade balance was observed with developed countries, including the EU countries. In comparison of 2014, the share of Germany in Polish export structure increased by 0.8 pp and amounted to 27.1%, as far as import from Germany is concerned, it increased by 0.9 pp and amounted to 22.9%. In 2015 there was an increase in Polish export to countries like Spain, UK, the Netherlands, Italy, Germany, Czech Republic, Hungary, France and Sweden. As far as import is concerned in 2015 there was an increase in Polish import from China, USA, UK, Germany, the Netherlands, Belgium and France. In 2015 there was a decrease of Polish export to Russia and also a decrease in Polish import from Russia, Italy and Czech Republic. 8 perspective markets for exporters
India, Vietnam, Bangladesh, the Philippines, Tanzania, Republic of Kenya, Peru and Columbia - these are 8 rising countries, which - according to the Atradius company - have perspectives of economic growth and offer new possibilities for Polish companies.
The development of these countries is stimulated by a stable political situation and fall in raw material prices. The internal demand in these countries is driven by increasing middle class and growth in investments. Bangladesh, India and Vietnam are going to develop in the electronics sector and consumer durables industry. According to the Atradius analysts there will be a strong demand for imports of plastics and chemical products in India. On the other hand, Columbia can become the most attractive market for exporters over the next five years because of the increased private consumption in this country. In Peru, information/communication technologies and construction sectors have a chance to develop. In Kenya and Tanzania, which develop their infrastructure, new ports are being constructed. These countries will also be attractive for the construction sector. In Vietnam the new government is committed to improving the healthcare system which means a chance for pharmaceutical companies. (Source: pb.pl) EVENTS Thailand - gate to the South-East Asia
Thailand Board of Investment along with the Polish Information and Foreign Investment Agency (PAIiiZ) and OCO Global would like to invite Polish companies to a meeting dedicated to trade and investment possibilities in Thailand. The debate will take place in the PAIiIZ’s headquarters in Warsaw 2nd March 2016 between 10-13:30.
We would like to invite Polish companies interested in establishing economic cooperation with Thailand and South-Eastern Asia’s countries. Experts from the Thailand Board of Investment and PAIiIZ will elaborate on business and investment possibilities in Thailand and investment incentives available for the Polish companies. They will also address to the participant’s questions. According to the Thailand Board of Investment’s recommendation, sectors which are most perspective for the Polish-Thai cooperation are the following: cars and car parts dealership, petrochemical industry, plastics, IT (data centre, software etc.), machines for the agricultural industry, aviation and defence industries. The meeting organized for the Polish entrepreneurs will be held In English and will take place 2nd March 2016 between 10-13:30 in the PAIiIZ’s Information Centre (Bagatela 12 Str. Warsaw). Participation is free of charge. Please confirm your participation by registering on the platform Eventbrite: http://bit.ly/1VHb0NP by 26th February 2016. More information: Leszek Kołodziejczyk, Economic, Development Department, PAIiIZ, tel. +48 22 334 99 50, +48 668 316 142, leszek.kolodziejczyk@paiz.gov.pl. FROM THE REGIONS New lab for filmmakers in Kraków
A new multimedia lab - MultiLab was opened Friday, 12th of February in the Kraków Technology Park. The lab enables production and postproduction of films and audiovisual effects.
The facility comprises of two studios for colour correction, five independent editing rooms, a motion capture studio and a green screen, as well as a huge rendering farm. TheMulti Lab is administered by the Kraków Film Cluster which brings together companies, organizations and experienced artists working in the Małopolska’s region film industry. (Source: Gazeta Wyborcza) Furniture from the Świętokrzyskie region in European houses
In the last 3 years Polish furniture industry reached 4th position in the world’s furniture export.
According to the report entitled “Polskie Meble Outlook 2016” we are just behind China, Italy and Germany. This success is mainly due to furniture producers from the Świętokrzyskie region who increased their production capacity and export. Over the last decade volume of production of Polish furniture tripled and they are distinguished by the quality, modern design, reliable performance and price. (Source: echodnia.eu) DID YOU KNOW...? Poles have developed an innovative system of surveillance drone
Polish company Dron House created one of the most efficient systems in the world in order to address problems with lack of visibility and control of drones or flight risk incidents.
The system is designed for pilots and drone operation centres that can monitor unmanned flights. The innovation means the ability to monitor a drone in real time. The system also provides the ability to manage drone application online. The Polish technology was patented on three continents. Boeing expressed its interest in implementation of the system and Amazon would like to buy it. Some other companies from Western Europe are queuing up to acquire the Polish start-up. (Source: rp.pl) Polish remedy for congested city centres
Warsaw IT industry start-up introduced a device which is a remedy for congested city centres.
Mobile electric board GoBoard is an innovative and pioneering project. The construction is based on a frame with two wheels powered by a battery with a capacity of 2200 mAh and 36V which enables a person weighing up to 120 kg moving at a speed up to10 km / h. The Board can travel up to 20 km at one cycle of the battery. GoBoard is the ideal tool for traveling to short distances, from home to work or for shopping. A stable frame with profiled bases at the foot moves on two 6.5-inch wheels, which can drive up the hill with a slope of 15 degrees. It can peacefully overcome road bumps or ramps at points of public utilities, such as shopping centres - touts their innovative product Dariusz Rila, manager at Nelro Data. The device weighs 10.5 kg. It is adapted to driving when light precipitation occurs. For the Polish product which seems to come straight from science fiction films you will have to pay 1999 PLN. Nelro Data is a company which services companies in the field of computer components. (Source: ekonomia.rp.pl) 
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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