| POLISH INFOMATION AND FOREIGN INVESTMENT AGENCY | |||||||||||||||
NEWSLETTER December 16th, 2011, Issue 257 | |||||||||||||||
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TABLE OF CONTENTS NEWS
INVESTMENTS IN POLAND
FROM REGIONS
ANALYSES AND REPORTS
NEWS The biggest investments awarded During the Christmas Party PAIiIZ has awarded the most significant investments in 2011.
The prizes were given at the occasion of the New Year - Christmas Party organized by PAIiIZ on December 12th at the Warsaw Polonia Palace Hotel. This is for the fifth time the Agency awarded foreign investors in three categories: “biggest investment”, “employment” and “new technologies”. In the “biggest investment category” the winner was Pilkington Automotive Poland. The Japan investor will build the auto glass factory in Chmielów, Eastern Poland. Pilkington will invest EUR 96 million and create 500 new jobs. The award in the “employment” category went to State Street Services. The American company will create the financial service centre in Kraków where 600 people will find the job. The total value of investment is EUR 2.5 million. The “new technologies award” went to Intel. The American company will developed its world’s largest R&D centre located in Gdańsk. The investment worth EUR 1 million will create 60 new jobs. Currently Intel hires in Gdańsk 800 world-class engineers working on special software. The prize was awarded also to Mr Jacek Ostrowski for his amber ring which was the most interesting item at the Designed in Poland exhibition in Budapest. In 2011 PAIiIZ has already closed 51 development projects with total worth of EUR 1,1 billion (87% more than last year) which will create 10.117 new jobs (8% more than in 2010). Among the investors who decided to enter to Poland there are: PwC, Nordea, BNP Paribas, Credit Suisse, 3M, TRW Automotive and Gedia. (PAIiIZ) Why Poland? Polish Information and Foreign Investment Agency in co-operation with PwC consulting company released second edition of Why Poland - guide for foreign investors.
The publication presents Poland as an ideal location for investments pointing out country’s economic stability, educated people, strategic location and investment incentives. It includes also the information on Poland’s strategic sectors - e.g. automotive, BPO, aviation, IT, electronics and R&D.
Why Poland is published in English. The electronic version is available here: www.paiz.gov.pl/publications/about_poland. The publication was presented during the conference which was held on December 13th at the PAIiIZ premises. Among the speakers there were: Undersecretary of the Ministry of Economy Ms Ilona Antoniszyn-Klik, Bridgestone Board Member Mr Takayasu Iwata, professor Witold Orłowski, Director at PwC Adam Żołnowski and Tobiasz Kowalski from Samsung Electronics Poland Manufacturing. (PAIiIZ)
Closer to China From 18th to 22nd December 2012, the delegation headed by the President of Poland Mr Bronisław Komorowski will visit China. During the mission PAIiIZ will organize the investment forum.
Recently the Polish government attaches the increasing importance to the Polish-Chinese economic cooperation. Why China? Because this is the biggest economic player in the world. Why Poland? Because this is the most stable country in Europe offering large domestic market, unflagging domestic demand and the best staff that employer could imagine. China and Poland have been friends for a long time. The friendship has started over 60 years ago and one of its fruits is Chipolbrok, the first Sino-Foreign joint venture established in China. Chipolbrok, over the past 49 years, has grown into a reliable shipping company, enjoying a high reputation in China and Poland as well as in many other parts of the world. China is on the 3rd place among the most popular investors according to the Polish Information and Foreign Investment Agency. This is why the Agency established Poland-China Competence Centre - the first contact for all Chinese investors. On the occasion of the Polish President’s visit to China, the Polish Information and Foreign Investment Agency, in close cooperation with China Council for the Promotion of International Trade (CCPiT), organize the investment forum in Shanghai. On December 19th the biggest Chinese companies will have the possibility to know better the investment climate and business opportunities in Poland. Among the speakers there will be President Bronisław Komorowski, Undersecretary of State in the Ministry of Economy Ms Ilona Antoniszyn-Klik, Undersecretary of State in the Ministry of Finance Mr Dominik Radziwiłł, Undersecretary of State in the Ministry of Treasure Mr Zdzisław Gawlik, President of PARP Ms Bożena Lublińska-Kasprzak and PAIiIZ’s representatives. The investment offer will be presented by the Marshall of Pomorskie Voivodeship Mr Mieczysław Struk, President of Częstochowa Mr Krzysztof Matyjaszczyk, President of Łódź Special Economic Zone Mr Tomasz Sadzyński and President of Aviation Valley Mr Marek Darecki. The willing of cooperation will be confirmed by the several agreements signed by PAIiIZ, Academic Business Incubators (AIP), Shanghai Technology Innovation Centre, Shanghai Commission of Commerce and Sany. (PAIiIZ) The newsletter of the Ministry of Treasure The Ministry of Treasury has prepared new information tool - electronic Privatisation Newsletter.
Privatisation Newsletter will be distributed once a week in Polish and English and will contain information on planned and current privatisation projects. Interested in receiving the Privatisation Newsletter can subscribe it here: www.msp.gov.pl/portal/en/panel/User_Area.html. (MSP) The new part of the IKEA’s Regional Distribution Centre On December 13th IKEA has opened the new part of its Regional Distribution Centre in Jarosty near Piotrków Trybunalski.
The facility was enlarged with a new space of 47000 sq. m. The most important part of new investment is a modern, fully automated high storage warehouse. The IKEA’s Regional Distribution Centre in Jarosty is one of the largest company’s distribution centres around the world. It supplies Ikea's stores in 6 European countries: Poland, Czech Republic, Slovakia, Romania, Bulgaria and Hungary. As a result of the investment 265 new jobs will be created. (IKEA)
SEZ meeting in Warsaw On December 12th the boards of special economic zones participated in official meeting with the board of PAIiIZ.
The meeting was also attended by the representatives of the Ministry of Economy. The main goal was to summarize the cooperation between the Agency and particular economic zones in the field of foreign investments’ promotion. The president of PAIiIZ Sławomir Majman thanked for the partnership and pointed out that the majority of this year’s most important investments was located in SEZ. (PAIiIZ)
Winners of “Innowator” On December 2nd the winners of 5th edition of “Innowator” contest were awarded.
The aim of the contest is to reward the best self-government units, projects and companies. The main prize in the category “Man of the Year in Polish Self-Government” went to Rafał Dutkiewicz - President of Wrocław. The Marshal’s Office of Mazowieckie was awarded as “The Best Managed Unit in 2011”. The International Street Artists' Festival “ULICZNICY” organized by the City Hall of Gliwice was announced “The Best Self-Governmental Project in 2011”. The prizes were also given in the category “The Best Managed Community/ City/ District”, “The Best Promotional Project” and “The Best Infrastructure Project”. In the last category the prize went to Pomerania Science and Technology Park. The contest was organized under the patronage of PAIiIZ.
Competition for projects under the measure 4.5 IE OP The competition for projects “of considerable importance to the economy” starts in January 2012.
Operational Programmes Implementation Department of the Ministry of Economy, as the Implementing Institution for the Measure 4.5 of Innovative Economy Operational Programme 20017-2013, announces the competition for projects in close mode. The application for funding should be submitted from 16th to 27th of January 2012 at the seat of the Ministry of Economy. (MG) More information: www.mg.gov.pl/Fundusze+UE/POIG/Dzialanie+45+Poddzialania+622+651+i+652/Dzialanie+45/Ogloszenia+o+naborze INVESTMENTS IN POLAND New investor in Łódź SEZ Two companies has received the business activity permissions in Łódzka Special Economic Zone.
Ceramika Paradyż will open new, innovative stoneware tiles production line. The company will invest PLN 25 million and hire 31 people. AMG.lab company will create the latest generation solutions for telecommunication, financial and public sectors. It will also develop the dedicated software and offer the backup for High Performance technology. The investor will create 150 new jobs for IT specialists. (ŁSSE) MACROECONOMIC POLAND
Source: www.nbp.pl FROM REGIONS MoU between Pomerania SEZ and Zhuhai On December 5th 2011, Pomerania Special Economic Zone signed the memorandum of understanding with Chinese Zhuhai City.
The aim of the agreement is to undertake the economic cooperation, particularly in the field of trade, to support the innovative projects and the inflow of foreign direct investments to both regions. (PSSE)
ANALYSES AND REPORTS Manpower - perspectives on a labor market in 1st quarter of 2012 The percentage of Polish entrepreneurs who plan to increase the employment is still higher then of those expecting reductions. The majority of companies expects no change in the level of employment.
Of the 750 Polish employers surveyed 14 percent expect to add to their workforces in the coming quarter, 11 percent plan reductions and 71 percent expect no change in payrolls in the January-March time frame. The strongest optimism for 1st quarter of 2012 is reported by employers from the Transport, Storage & Communication and Finance & Business Services industry sectors. Job seekers in the Construction (+8%) industry sector may also expect some offers in the quarter ahead; the Outlook declines slightly from previous quarter, but improves from Q1 2011 by 8 percentage points, suggesting employers may be moderately more confident in their ability to justify adding to their payrolls compared to last winter season. Regional Outlooks are modest and indicate the first-quarter hiring pace will slow. Positive hiring intentions are reported in five of the six regions. The strongest regional Outlook is reported in the South region (+7%). (Manpower Group) Polish equities among the cheapest on emerging markets According to HSBC Global Research Poland offers the cheapest equities in the CEE.
The authors of HSBC report “Mispriced. CEEMEA equity projections” find Polish valuations among the cheapest on emerging markets what bears testimony to its attractiveness and great investment opportunities compared to the rest of Europe. Furthermore, the HSBC’s experts note relatively good macroeconomic data: remarkably steady growth, inflation and interest rates under control. Valuations are attractive by historical standards, and both domestic and foreign liquidity could provide support. In 2011 EPS (Earning per Share) growth is 27,7%, while the forecasts for EMEA is 20,5%, and for emerging markets 10,4%. - Our key overweights are Russia, Turkey and Poland - the HSBC’s analysts report - we are reducing Hungary to neutral. Czech and Egypt stay neutral. (HSBC)  Editorial office: Polish Information and Foreign Investment Agency, 00-585 Warsaw, Bagatela Street 12 Economic Promotion Department, tel: +48 22 334 99 49, fax: +48 22 334 99 99, e-mail: redakcja@paiz.gov.pl | |||||||||||||||
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