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POLISH INFORMATION AND FOREIGN INVESTMENT AGENCY
Possibilities of co-operation with Polishcompanies
Polish – Croatian Business Forum
Marek SzostakDeputy DirectorForeign Investment DepartmentWarsaw, January 28th, 2016
Poland – key facts
Key Facts
Official name Republic of Poland
Official language Polish
Capital Warsaw
Area 312 700 sq km (6th in EU)
Population 38,5 milion (6th in EU)
Currency
Polish Złoty 100 JPY ~ 3.4 PLN,1 USD ~ 4.0 PLN, 1 EUR ~ 4.36 PLN(as of Jan 2016)
Time zoneUTC +1 (Winter)UTC +2 (Summer)
European growth champion
Source: GDP annual growth rates, Eurostat, June 2015
Real GDP growth forecasts (%)
2015 (f) 2016 (f) 2017 (f)
Romania 3.5 4.1 3.6
Poland 3.5 3.5 3.5
Slovakia 3.2 2.9 3.3
Czech Republic 4.3 2.2 2.7
Hungary 2.9 2.2 2.5
Bulgaria 1.7 1.5 2.0
EU28 1.9 2.0 2.1
Eurozone 1.6 1.8. 1.9
Germany 1.7 1.9 1.9
Future looks just as bright
Source: Eurostat, European Commission, November 2015
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 employerbetween: 19.21% and 22.41%
Real Estate Tax
(maximum tax limits in 2016)
22,86 PLN/sqm for buildings
0.89 PLN/sqm for land
2% of construction value
Source: PAIiIZ
Tax rates in Poland
110 000 – 150 000
90 000 – 110 000
40 000 – 90 000
< 40 000
> 150 000
-
5
10
15
20
2525-49
15-24
0-14
Mazowieckie
216 300
Podlaskie
53 200
Lubelskie
100 500
Podkarpackie
117 800Malopolskie
115 600
Slaskie
146 400Opolskie
33 800
Dolnoslaskie
97 000
Lubuskie
37 900
Swietokrzyskie
63 000
Lodzkie
106 900
Wielkopolskie
91 800
Warminsko-
-Mazurskie
80 600
Pomorskie
76 300
Kujawsko-
-Pomorskie
103 000
Zachodnio-
pomorskie
76 400
National unemployment rate: 9.6% Registered unemployed by regions
Population by age classes in CEE countries
Vast pool of young labour force
Source: Central Statistical Office, November 2015
0
5
10
15
20
25
01-01-2004 01-01-2008 01-01-2012
Productivity and wages growthGross wages (EUR)
0
20
40
60
80
100
120
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
Annual productivity in PLN th. Annual average wage in PLN th.
Productivity growth > wages growth
Minimum gross wage: 1 850 PLN (~416 EUR)
1 000 – 1 099
900 – 999
800 – 899
< 800
≥ 1 100
Mazowieckie
1 078
Podlaskie
790
Lubelskie
838
Podkarpackie
806Malopolskie
921
Slaskie
1 114Opolskie
886
Dolnoslaskie
1 141
Lubuskie
838
Swietokrzyskie
850
Lodzkie
954
Wielkopolskie
902
Warminsko-
-Mazurskie
777
Pomorskie
943
Kujawsko-
-Pomorskie
814
Zachodnio-
pomorskie
836
Source: Central Statistical Office, December 2015; Eurostat, 2013
Quickly developing road infrastructure
Distance to (km)
Hamburg Rotterdam
Wroclaw 630 1 000
Poznan 550 920
Katowice 800 1 180
Krakow 880 1 250
Lodz 750 1 120
Warsaw 850 1 230
Gdansk 770 1 250
CityFrankfurt am
MainAmsterdam
Gdansk
Warsaw
Katowice
2 150 EUR 2 450 EUR
existing
in construction
Source: General Directorate for National Roads and Highways, December 2015
Net cost of a 40’ container transport by truck
LUBLIN
European flights
Domestic flights
Overseas flights
WARSZAWA
SZCZECINBYDGOSZCZ
ŁÓDŹ
RZESZÓW
WROCŁAW
KATOWICE
KRAKÓW
GDAŃSK
POZNAŃMODLIN
Dense airport coverage
ZIELONA GÓRA
Warsaw
Tokyo, Beijing, Dubai, Toronto, New York,
Chicago, London, Berlin, Frankfurt, Munich,
Paris, Dublin, Milan, Brussels
KrakówBerlin, London, Frankfurt, Munich, Paris,
Dublin, Milan, Brussels
GdańskBerlin, London, Frankfurt, Munich, Paris,
Dublin
WrocławLondon, Frankfurt, Munich, Paris, Dublin,
Brussels
Rzeszów London, Frankfurt, Munich, Dublin
Poznań London, Frankfurt, Paris, Munich, Dublin
Lublin London, Frankfurt , Dublin, Brussels
Bydgoszcz London, Frankfurt, Dublin
Katowice London, Paris, Milan
Łódź London, Munich, Dublin
Szczecin London, Dublin
SZYMANY
Source: The Civil Aviation Authority, January 2016
Passengers served by airports (in mn)
Direct flights to major international destinations
Source: World Bank, Doing Business 2016, 2015, 2014, 2013, 2012
„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.”
DOING
BUSINESS
2016 RANK
DOING BUSINESS 2015RANK
DOING BUSINESS 2014RANK
DOING BUSINESS 2013 RANK
DOING BUSINESS 2012 RANK
25 32 45 55 74
Doing Business 2016
24 mn people aged 49 and less (64%)
Almost 1.47 m students (2014/2015)
More than 424 000 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%
438 higher education institutions
19 universities
25 technical universities
72 academies of economics
200 different majors taught
Growing number of science students
Students Graduates
Warszawa 247 515 63 884
Krakow 165 857 46 475
Wroclaw 122 146 31 609
Poznan 116 969 32 505
Katowice aggl. 105 478 31 950
Gdansk aggl. 92 203 23 760
Lodz 80 676 21 343
Lublin 69 658 20 469
Poznan
Wroclaw
Warsaw
Krakow
Lodz
Szczecin
Gdansk
Katowice
Bydgoszcz/TorunBialystok
Olsztyn
OpoleKielce
Lublin
Rzeszow
201 >
No. of students (thousands)
Zielona Gora
Academic hub in each major city
Source: Central Statistical Office, November 2015
151 – 200
101 – 150
51 – 100
50 <
Croatian investments in PolandCroatia & Poland - trade profile
Source: Croatian Central Bank
Bilateral trade(in millions EUR)
2013 I – VII 2014 I – VII 2015
Export 97.4 60.6 107.3
Import 327.6 218.2 325.6
Trade balance -230.3 -157.6 -218.3
Croatia’s trade balance with Poland (in millions EUR), 2005-2014
Exports
Imports
Croatian investments in PolandPoland & 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
Croatian investments in Poland
• Value of Croatian investments in Poland:
- 19.1 mln EUR (National Bank of Poland, 2014)
- 141.1 mln EUR (Croatian Central Bank, 2015)
• Poland is Croatia’s important investment destination (7th globally
and 3rd in Europe)
• Value of Polish investments in Croatia:
- 63.2 mln EUR (National Bank of Poland, 2014)
- 73.1 mln EUR (Croatian Central Bank, 2015)
Croatia & Poland - investment profile
CROATIAN INVESTMENTS IN POLAND:
Source: National Bank of Poland, Croatian Central Bank
Investment opportunities
• environmental technologies
• infrastructure (roads, railroads,
ports)
• agriculture
• tourism (hotels, marinas, water
parks)
• food industry
• design and construction of
industrial venues
• renewable energy
• IT servicesPOLISH INVESTMENTS IN CROATIA:
Investment incentives (state aid) in Poland
Tax breaks
• CIT exemption in Special Economic Zone
• Real estate tax exemption
• Government grants – strategic projects
• EU Funds – grants for R&D
Cash support
EU Funds in Poland
2007 – 2013
Total: EUR 975 bn
Poland: EUR 69 bn (7%)
2014 – 2020
Total: EUR 960 bn
Poland: EUR 82.5 bn (8%)
LUBLIN
WARSZAWA
SZCZECIN
BYDGOSZCZ
ŁÓDŹ
RZESZÓW
WROCŁAW
KATOWICE
KRAKÓW
GDAŃSK
POZNAŃ
BIAŁYSTOK
KIELCE
ZIELONA
GÓRA
OLSZTYN
OPOLE
GORZÓW
WLKP.
TORUŃ
15-35%35%
50%
35%35%
25%35%
25%
35%25%
35%
35%
35%
50%
50%
50%
• Total of 185 potential FDI projects serviced by Invest in Poland Agency
• Total value of investments: EUR 4,1 bn
• Total number of new workplaces: 37,8 thous.
The most popular sectors and investing countries
Main sectors: Major countries – investors:
BSS + ICT (61)
Automotive (38)
R&D (15)
Aviation (13)
Food processing (11)
USA (45)
Germany (26)
Japan (13)
France (13)
Source: PAIiIZ portfolio, January2016
Considering of investment
Long list of countries
Short list
INVESTMENT DECISION
• Marketing campaigns, investment seminars, work-
shops, study tours
• Cooperation with Polish Embassies
• Project Managers assistance
• Location advisory
• Site visits
• 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
PAIiIZ – one-stop-shop for all FDI needs
