Possibilities of co-operation with Polish companies

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1 POLISH INFORMATION AND FOREIGN INVESTMENT AGENCY Possibilities of co-operation with Polish companies Polish Croatian Business Forum Marek Szostak Deputy Director Foreign Investment Department Warsaw, January 28th,

2 Poland keyfacts Key Facts Official name Official language Capital Area Population Currency Time zone Republic of Poland Polish Warsaw sq km (6 th in EU) 38,5 milion (6 th in EU) Polish Złoty 100 JPY ~ 3.4 PLN, 1 USD ~ 4.0 PLN, 1 EUR ~ 4.36 PLN (as of Jan 2016) UTC +1 (Winter) UTC +2 (Summer)

3 Source: GDP annual growth rates, Eurostat, June 2015 European growth champion

4 Future looks just as bright Real GDP growth forecasts(%) 2015 (f) 2016 (f) 2017 (f) Romania Poland Slovakia Czech Republic Hungary Bulgaria EU Eurozone Germany Source: Eurostat, European Commission, November 2015

5 Tax rates in Poland Corporate Income Tax (CIT) 19% Personal Income Tax (PIT) 18%, 32% Value added tax (VAT) basic: 23% reduced: 8%, 5% export: 0% Social Security Tax paid by employer between: 19.21% and 22.41% Real Estate Tax (maximum tax limits in 2016) 22,86 PLN/sqm for buildings 0.89PLN/sqmfor land 2% of construction value Source: PAIiIZ

6 Vast pool of young labour force National unemployment rate: 9.6% Registered unemployed by regions Zachodniopomorskie Pomorskie Kujawsko- -Pomorskie Warminsko- -Mazurskie Podlaskie Lubuskie Wielkopolskie Mazowieckie Population by age classes in CEE countries > < Dolnoslaskie Opolskie Lodzkie Slaskie Swietokrzyskie Malopolskie Lubelskie Podkarpackie Source: Central Statistical Office, November 2015

7 Productivity growth > wages growth Gross wages(eur) Productivity and wages growth < 800 Zachodniopomorskie 836 Lubuskie Dolnoslaskie Pomorskie 943 Wielkopolskie 902 Kujawsko- -Pomorskie 814 Opolskie 886 Lodzkie 954 Slaskie Warminsko- -Mazurskie 777 Malopolskie 921 Mazowieckie Swietokrzyskie 850 Podlaskie 790 Lubelskie 838 Podkarpackie Annual productivity in PLN th. Annual average wage in PLN th. Minimum grosswage: PLN (~416 EUR) Source: Central Statistical Office, December 2015; Eurostat, 2013

8 Quickly developing road infrastructure Distance to (km) Hamburg Rotterdam Wroclaw Poznan Katowice Krakow Lodz Warsaw Gdansk Net cost of a 40 container transport by truck City Gdansk Warsaw Katowice Frankfurt am Main Amsterdam EUR EUR existing in construction Source: General Directorate for National Roads and Highways, December 2015

9 Dense airport coverage GDAŃSK Direct flights to major international destinations SZYMANY Warsaw Kraków Gdańsk Wrocław Tokyo, Beijing, Dubai, Toronto, New York, Chicago, London, Berlin, Frankfurt, Munich, Paris, Dublin, Milan, Brussels Berlin, London, Frankfurt, Munich, Paris, Dublin, Milan, Brussels Berlin, London, Frankfurt, Munich, Paris, Dublin London, Frankfurt, Munich, Paris, Dublin, Brussels SZCZECIN ZIELONA GÓRA POZNAŃ WROCŁAW BYDGOSZCZ ŁÓDŹ MODLIN WARSZAWA LUBLIN Rzeszów Poznań Lublin Bydgoszcz London, Frankfurt, Munich, Dublin London, Frankfurt, Paris, Munich, Dublin London, Frankfurt, Dublin, Brussels London, Frankfurt, Dublin RZESZÓW Overseas flights KATOWICE KRAKÓW European flights Domestic flights Passengers served by airports (in mn) Katowice London, Paris, Milan Łódź London, Munich, Dublin Szczecin London, Dublin Source: The Civil Aviation Authority, January 2016

10 Doing Business 2016 DOING BUSINESS 2016 RANK DOING BUSINESS 2015 RANK DOING BUSINESS 2014 RANK DOING BUSINESS 2013 RANK DOING BUSINESS 2012 RANK Every region has a leading champion in the scope of improvements made since 2005 whether Poland for OECD high-income economies, China for East Asia and the Pacific or Colombia for Latin America and the Caribbean. Source: World Bank, Doing Business 2016, 2015, 2014, 2013, 2012

11 Academic hub in each major city 24mnpeopleaged49andless(64%) Almost 1.47 m students(2014/2015) More than graduates (2014) Over 46 thousand foreign students from 149 countries(3.1% of all students) More than 90% of students speak foreign languages Population with higher education: 17% Gdansk Olsztyn Szczecin Bialystok Bydgoszcz/Torun Warsaw Poznan Zielona Gora Lodz Lublin Wroclaw Kielce Opole Katowice Krakow Rzeszow No. of students (thousands) 201 > < 438 higher education institutions Students Graduates 19 universities 25 technical universities 72 academies of economics 200 different majors taught Growing number of science students Warszawa Krakow Wroclaw Poznan Katowice aggl Gdansk aggl Lodz Lublin Source: Central Statistical Office, November 2015

12 Croatian investments in Poland Croatia & Poland - trade profile Croatia s trade balance with Poland (in millions EUR), Imports Exports Bilateral trade (in millions EUR) 2013 I VII 2014 I VII 2015 Export Import Trade balance Source: Croatian Central Bank

13 Croatian investments in Poland Poland & Croatia export opportunities Export opportunities furniture cars and auto parts agriculture machinery cosmetics household appliances meat and milk products fruits and vegetables yachts and boats

14 Croatia Croatian & Poland investments - in Poland profile Value of Croatian investments in Poland: mlneur (National Bank of Poland, 2014) mln EUR (Croatian Central Bank, 2015) Poland is Croatia s important investment destination (7th globally and3rdin Europe) Value of Polish investments in Croatia: mlneur (National Bank of Poland, 2014) mln EUR (Croatian Central Bank, 2015) Investment opportunities environmental technologies infrastructure (roads, railroads, ports) agriculture tourism (hotels, marinas, water parks) food industry CROATIAN INVESTMENTS IN POLAND: design and construction of industrial venues renewable energy POLISH INVESTMENTS IN CROATIA: IT services Source: National Bank of Poland, Croatian Central Bank

15 Investment incentives (state aid) in Poland Tax breaks CIT exemption in Special Economic Zone Real estate tax exemption Cash support Government grants strategic projects EU Funds grantsfor R&D SZCZECIN GORZÓW WLKP. 35% ZIELONA GÓRA 35% 25% POZNAŃ WROCŁAW GDAŃSK 35% BYDGOSZCZ 25% OPOLE 35% TORUŃ 35% ŁÓDŹ 35% 25% KATOWICE OLSZTYN 50% KRAKÓW 15-35% WARSZAWA KIELCE 35% 35% LUBLIN RZESZÓW BIAŁYSTOK 50% 50% 50% EU Fundsin Poland Total: EUR 975 bn Poland: EUR 69 bn(7%) Total: EUR 960 bn Poland: EUR 82.5 bn(8%)

16 The most popular sectors and investing countries Total of 185 potential FDI projects serviced by Invest in Poland Agency Total valueof investments: EUR 4,1 bn Total number of new workplaces: 37,8 thous. Main sectors: BSS + ICT (61) Automotive(38) R&D (15) Aviation(13) Food processing (11) Major countries investors: USA (45) Germany (26) Japan(13) France (13) Source: PAIiIZ portfolio, January2016

17 PAIiIZ one-stop-shop for all FDI needs Considering of investment Marketing campaigns, investment seminars, workshops, study tours Cooperation with Polish Embassies Long list of countries Project Managers assistance Location advisory Site visits Short list INVESTMENT DECISION Assistance in obtaining financial support from the state government Cooperation with SEZs, data base of agencies (real estate,hr, legal), business partners and suppliers Post-investment services Ombudsman for foreign investors

18 ou for your attention!