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TABLE OF CONTENTS NEWS
INVESTMENTS IN POLAND
FROM THE REGIONS
ANALYSES AND REPORTS
FROM THE EDITOR In today’s edition we report on the Polish concept of the EXPO 2010 exhibition in Shanghai and the growth of Polish investment in Germany, which was 30% last year. Apart from this, we are presenting the information about a new automotive factory in Skarbimierz and Bosch planning to produce auto diesel engines near Wrocław. Pleasant reading! PAIiIZ’s editorial team NEWS The concept on EXPO in Shanghai, China has been accepted On 6th May 2008, the Council of Ministers has adopted “The Program concept of Poland’s participation in a World Exposition EXPO 2010, Shanghai, China”. The document is the result of the social consultations and analyses regarding Chinese market which were coordinated by the Office of The Commissioner General of the Polish Section of the World Exhibition EXPO 2010 at the Polish Information and Foreign Investment Agency.
The concept shows the directions to create one coherent image of Poland as a country of positive changes during the World Exhibition EXPO 2010 in Shanghai. The aim of the exposition is to present Poland as a place of great potential, young and modern society and a dynamically developing European Union Member State. Indirectly, the presence at the EXPO in Shanghai is to increase the inflow of Chinese capital to Poland and to intensify Polish-Chinese economical and cultural cooperation. - The preparations of the organization of the Polish exhibition were started less than a year ago - says Anna Kamińska, The Commissioner General of the Polish Section of the World Exhibition EXPO 2010, PAIiIZ deputy president and author of the concept. - We already know what our pavilion will look like, where exactly it will be located and what its main message will be. Amongst all countries participating in the event, Poland is one of the leaders as far as preparations to the exhibition is concerned.
The Office of the Commissioner General of the Polish Section of the World Exhibition EXPO 2010 systematically cooperates with the Chinese media. The project of the Polish Pavilion is highly appreciated by the Chinese public opinion and architects from all over the world. After acceptance of the concept by the Government, the Ministry of Economy will write the draft of the resolution on establishing a longstanding program “The Participation of the Republic of Poland in the World Exhibition EXPO 2010, Shanghai, China for the period 2008-2011”. The concept was based on expert analyses of the Chinese market. Moreover, the social consultations were conducted by the representatives of public sector institutions such as: PARP, Polish Tourism Organization, KPP. The 2010 World Expo will take place in Shanghai, China, between May 1 - October 31, 2010. The theme of the exhibition is “Better city. Better life”. In October 2006 the Council of Ministers accepted the Minister of Economy's proposal on Poland’s participation in the World Exposition EXPO 2010, Shanghai, China. The Office of the Commissioner General of the Polish Section was located in PAIiIZ. Go to top...
Why is it worth investing in Special Economic Zones? The Polish Information and Foreign Investment Agency (PAIiIZ) and “Puls Biznesu” are organizing a conference on investing in Special Economic Zones.
The “Puls Biznesu” magazine motto is earn. It is not possible to earn without investing. And who knows more about that than SEZs? That is why we warmly invite you to the our meeting concerning investments in SEZs. The conferenceis directed to investors who are considering investing, are searching for location for investments, or have finished a project already. Those who are not certain about getting involved, we will encourage to join the zones. So far, more than 1000 companies have decided to do so and at the end of 2007 spent 45,9 billion PLN in zones, created 140 000 new jobs and kept 40 000 of jobs. The conference will be held on the 14th of May 2008 at the Marriott Hotel, Aleje Jerozolimskie 65/79, Warsaw. As always, meetings and debates prepared by “Puls Biznesu” are full of content and to the point. The participation will provide you information such as: what Poland needs SEZs for and how long the process of investing in zones lasts. Moreover, the representatives of SEZs will give a speech on what SEZs do to encourage investors. The issues on road infrastructure - which road leads to the zone and does it have to be bumpy - will be also discussed. We kindly encourage you to participate in this conference. New perspectives for cooperation between Thai and Polish companies
On 7th May 2008, a conference regarding programme of Thai Expo 2008 took place at Polish Information and Foreign Investment Agency’s Press Centre. During this event two Thai entrepreneurs signed contracts with their Polish counterparts.
Mr Viroon Tejapaibo - deputy minister of Ministry of Commerce of Royal Thai Government, Mr Thakur Phanit - ambassador of Royal Thai Government and and Mrs Vannaporn Ketudat - Minister-Counsellor (Commercial Affairs) took part in the ceremony. PAIiIZ was represented by the deputy president Mr Wojciech Szelągowski. After the conference a ceremony of signing the contracts between Polish and Thai companies took place. The mentioned companies were: Khokhaen and Tai Trade Center from Thailand and Zakłady Mięsne Paruzel and De Care from Poland. On 7th May in Warsaw a Thailand exposition promoting Thailand and it’s export goods, investment potential and touristic attractions began. Thailand Expo 2008 are the first so big event dedicated to an issue of promotion of economical cooperation between Poland and Thailand. Expositions programme, which take place at the Warsaw’s Palace of Culture and Science includes commerce days (7-8th May) and open days (9-10th May). Polish entrepreneurs will be able to experience Thai export goods and Thai investment potential.
10th Business Roundtable with the government of Poland - “Poland’s changing course: implications for business” May 26th 2008, The Westin, Warsaw Poland's new coalition government promises a fresh start for business - but how smooth will the transition to an enhanced business environment be? How will government leaders put the privatisation programme back on track - and how will they cut bureaucracy? What can be done to improve Poland's position in the European Union?
The Economist's Tenth Business Roundtable with the Government of Poland is your chance to explore the changing business landscape with the key decision makers. This event is a unique opportunity to share insights with the people who are leading Poland's transformation. Confirmed government speakers: Waldemar Pawlak - Deputy Prime Minister and Minister of Economy, Aleksander Grad - Minister of the Treasury, Jan Vincent-Rostowski - Minister of Finance, Cezary Grabarczyk - Minister of Infrastructure, Ewa Kopacz - Minister of Health. Other confirmed speakers include: Krzysztof Rybiński - Business Advisory, Ernst & Young Poland, Witold Orłowski - Director, Independent Centre for Economic Studies, Andrzej Sokołowski - President, Polish Association of Private Hospital, Olga Grygier - PricewaterhouseCoopers Advisory Managing Partner, PricewaterhouseCoopers, Rafał Krasnodębski - PricewaterhouseCoopers Advisory Partner, PricewaterhouseCoopers, Krzysztof Wierzbowski - Managing Partner, Wierzbowski Eversheds. Please quote code "PAIiIZ" when registering to receive your special discount. For more information please contact: tamarajoseph@economist.com ; INVESTMENTS IN POLAND As much as 1000 people will be employed by the State Street Corporation in Kraków The American company plans to create nearly a thousand jobs for economic and finance specialists at the newly established operating centre in the capital of the Małopolska region.
- Within 3 years we want to build up a strong team and develop the infrastructure in Kraków -Timothy Caverly, the deputy president of the State Street Corporation said during the press conference. The Kraków’s centre will be dealing with accountancy services for institutional investors from all over Europe. It will cooperate with similar company divisions located in Ireland, Luxemburg and Germany. The decision on setting up a centre in Kraków results from the American strategy of the company, which plans to increase the quota of incomes obtained outside of the USA from 41% to 50% within the next few years. Caverly also mentioned that Kraków was chosen from among 20 other European locations. A well educated workforce and good office and communication infrastructure were the reason for the choice. So far, the corporation has hired 150 employees in Kraków. The American firm will lease a newly-built office of around 11 thousand square meters near Podgórska St. in the vicinity of the Kazimierz shopping mall. The 30 million EUR building is being built by the developer - Globe Trade Centre SA (GTC). The State Street operates in 26 countries world-wide, with more than 27 000 of employees, more than 6 000 thereof in Europe. The value of the assets entrusted to the firm by investors is 15 billion dollars. (PAP) Bosch are to invest over 30 million EUR in Poland Last year they spent 21 million EUR. The corporation intends to open an IT centre in Warsaw and a factory for filters for auto diesel engines, in Wrocław.
In May the firm intends to build a new headquarters in Warsaw - it alone will involve the not insignificant sum of 13 million EUR. The construction work is to be finished in 2009. Also in the capital they plan to open an “IT Competence Centre”, in which there will be work for over 130 IT specialists. This will be one of three centres responsible for development and maintenance of the SAP platform and for support of the CAD/CAM systems, for the whole of the Bosch Corporation - PAP stated. The centre should be operational in two years time. Meanwhile in Mirków near Wrocław - where one of the Bosch’s factories producing braking systems can be found - a plant will be built by the end of 2009, where particle filters for diesel engines will be produced. The factory near Wrocław will belong to a Bosch and Denso joint venture company set up in July of last year, which was named Advanced Diesel Particulate Filters Sp. z o. o. (briefly: ADIF). At the moment the company is striving for a permit to operate in the Wałbrzych Special Economic Zone. According to “PB’s” information the firm is to invest 560 million PLN, invest 560 million PLN and create 250 jobs. The German Bosch Corporation produces, e.g. domestic appliances, car parts and electrical tools. In Poland they employ 1,600 workers and in 2007 their recorded turnover was 868 million EUR - i.e. 11% above the 2006 figure. (PAP/PB) New Scandinavian investments in Poland Plastal, a Swedish manufacturer of car bumpers and plastic elements for the automotive sector, will open a new factory in Swarzędz near Poznań and the Finish firm Outokumpu will open a production plant in Katowice.
- Two production facilities will be transferred to the new factory, which now operate in Poznań and Swarzędz - Mr Andrzej Bugajski, financial Director at Plastal said. 200 people will find work there, of which 90 are workers from the manufacturing centres of Poznań and Swarzędz. The plant will cover an area of 10 thousand m2 and will be constructed by the Belgian developer Immo Industry Group (IIG), which will then lease the building to Plastal. At the new facility Plastal will manufacture plastic elements for its main clients - Volkswagen and also for Fiat and Ford. Plastal is a supplier of car bumpers and other plastic elements for clients from the automotive sector, including the firms of: Audi, Bentley, BMW, Maybach, Mercedes, Porsche, Saab, Scania and Volvo. In 2006 the corporation employed 7.5 thousand workers and ran 39 factories in 13 different countries, mainly based in Europe. In turn the Finish investors are locating its investment in the IIG Industrial Park Katowice and are the Park’s first clients. They are to move into a 14.2 thousand m2 building, which is to take up a third of the whole centre. Initially the company will employ 100 people. (PAP) Another automotive factory in Skarbimierz A car seats factory will be built in Skarbimierz, Low Silesia. The plant is to produce for General Motors.
The factory belongs to the Keiper Poland company, located in Świebodzin and being a part of German group Keiper GmbH & Co. It is the second place in Poland - apart from the company’s residence - where Keiper intends to locate its new investment. Parts which were produced so far in Świebodzin factory, can be found in Volkswagen’s, Opel’s and Skoda’s cars. The Belgian developer, Immo Industry Group (IIG), is responsible for the project; it will be its first venture undertaken in Low Silesia. The Polish branch of the company was opened in 2006 and prepared drafts for enterprises like Jeronimo Martins, BMW or Rockwell. IIG built industrial parks in Łódź, Katowice and Poznań too. (GW Wrocław) MACROECONOMIC POLAND
Source: www.nbp.pl FROM THE REGIONS Kraków’s Technology Incubator has opened The first six firms have begun trading in Kraków’s Technology Incubator, which has been built by the management company of Krakow’s Special Economic Zone (SEZ). The investment is to support newly established firms from the advanced technology sector.
Mr Adam Sąsiadek, deputy president of the Kraków Technology Park (KTP), which manages the Kraków SEZ, said, that the first six firms located in the incubator began their activities only a few months ago, under the framework of the “pre-incubator” that had been run earlier. - These firms have achieved success. They represent various sectors: automation, chemistry, telecommunications and materials engineering. This diversity and also the gearing up towards advanced technologies, is the beginning of the incubator’s riches - Mr Sąsiadek, stated. The Kraków's Technology Incubator was built on the site of the Technology Park of Kraków’s University of Technology, at Czyżyny. The construction of the 4 thousand m2 office building cost over 19 million PLN, of which 75% was financed by the EU under the framework of the European Regional Development Fund. The incubator is to ease the opening up of businesses by young firms in the high technology sector; which are set up by the graduates and scientific workers from Kraków’s higher education bodies. The young entrepreneurs are offered fully equipped offices, free training and training workshops, access to an investor’s data base, expert consultancy in the field of the applied technology and professional assistance in running the businesses, all in return for a small payment. (PAP) ANALYSES AND REPORTS Polish investments in Germany increased 30% The draft report of the Embassy of the Republic of Poland in Berlin shows that the value of Polish investments in Germany in 2007 was estimated on 650 million EUR. A year before, it was 500 million EUR.
According to Tomasz Salomon from the Trade and Investment Promotion Section of the Embassy of the Republic of Poland, there are tens of thousands of Polish companies in Germany (44 000 according to statistics of 2006), including up to 6 000, in Berlin. In most cases, these are individual enterpreneurs. The biggest Polish investor in Germany in 2007 was PKN Orlen which has 552 petrol stations worth 150 million EUR. Rest are: Ciech SA (75 million EUR), Sanplast S.A. (20 million EUR), Kopex (27 million EUR), Asseco (38 million EUR), Unimil (17 million EUR), the computer company ComArch S.A. (9,5 million EUR) and Smyk (1 million EUR). The value of German investments in Poland last year was 17,7% of all foreign investments. Germany is the second biggest investor in Poland after France. The year 2007 was the second consecutive year in which the increase of trade exchange between Poland and Germany was notices (from 48,1billion EUR in 2006 to 54,5 billion EUR). The Federal Republic of Germany is still Poland’s most important economic partner, while Poland, on the other hand, is on the 12th place in imports to Germany and on 10th place in exports from this country. According to Zbigniew Kostecki, the head of the economic section at the embassy of The Republic of Poland in Berlin, despite some slide of the growth of Polish export to Germany (109,4% in 2007), it’s structure is improving. The dominating elements of this trade are: products of the machine industry and mechanic devices, metalwork, vehicle parts and accessories and agricultural products and food. In the Polish import from the Federal Republic of Germany, the most important were: machines and mechanic devices, metalwork (from iron, cast iron, steel, copper mainly), vehicle parts and accessories, plastic and plastic products, rubber products and chemical products. (PAP)  Editorial office: Polish Information and Foreign Investment Agency, 00-585 Warsaw, Bagatela Street 12 Economic Promotion Department, tel: (+48 22) 334 98 15, fax: (+48 22) 334 99 98, e-mail: redakcja@paiz.gov.pl | |||||||||||||
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