Transcript Slajd 1

Structural funds in Poland –
investment opportunities
Dublin, May 21st 2009
Poland - Key Facts
Area:
312 700 sq km – 6th in the EU
Population:
38,12 million –
6th in the EU
Currency:
Polish Zloty (1 EUR ~ 4.4 PLN)
GDP total:
USD 684,5 billion (PPP, 2008)
GDP growth:
6.7% (2007), 4.8% (2008)
Membership:
EU, NATO, OECD, WTO, Schengen Zone
Conditions of the Polish economy
GDP growth
• 6.7% in 2007 vs 2.9% in EU
• 4,8% in 2008 vs 0,9% in EU
• 2.0% still forecasted in Poland vs 1,8% in EU for 2009
• domestic demand - the main factor
behind the growth
GDP growth rate
EU27
Euro Zone
Poland
04
20
06
20
6
4
%
2
0
02
20
03
20
05
20
07
20
Inflation (CPI) and interest rates
10
Inflation
• 2.6% in 2007 vs 2.4% in EU
• 4.2% in 2008 vs 3,7% in EU
• direct inflation targeting since
1999 - target of 2.5% +/-1%
CPI
9
NBP reference rate
8
7
6
% 5
4
3
2
1
0
Source: Ministry of Finance, NBP, Eurostat 2008
02
20
03
20
04
20
05
20
06
20
07
20
08
20
Conditions of the Polish economy
Moderate Unemployment
over 20%
20
January 2009
10,5%
10
Employment rate grew
since 2004
by over 5% up to 54.6%
0
2002
Source: PAIiZ
2003
2004
2005
2006
2007
2008
2009
Conditions of the Polish economy
FDI inflow (billions EUR) and sources
18
15,7
16,6
16
14
12
11,2
10,3
10,2
10
8,3
8
6,4
6
4,4
4,1
4
2
0
2000
2001
* Estimated
2002
2003
2004
2005
2006
2007
2008*
Geographical sources of FDI inflow
Other
14,70%
Source: NBP 2008
EU
85,30%
Following the EU accession – faster economic growth, convergence
with the EU-27 countries
7
Poland
6,6
EU-27
6,2
6
5,3
5
4,3
4
3,9
3,8
3,6
3,0
3
2,9
2,5
2,0
2
1,2
1,9
1,4
1,2
1,3
1
0
2000
2001
2002
2003
2004
2005
2006
2007
In the recent years the rate of GDP growth in Poland is two times higher than the EU average.
Nevertheless Poland is among the poorer Member States, as its GDP per capita stands at 54.6% of the
UE-27 average (growth of 5.6 percentage points compared to the year 2003).
6
GDP growth dynamics of Polish regions
GDP growth of Polish regions in pre- and post-accession period
125
GDP dynamics in 2002-2003
GDP dynamics in 2004-2005
120
115
110
105
100
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PO
LS
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90
Source: CSO, MR calculations
Higher GDP growth of richer voivodship caused, after EU accession, widening of economic
differentiation (in terms of GDP per capita) between Polish regions.
7
Cohesion Policy 2007-2013
Convergence Objective
8
Poland as the beneficiary of the EU Cohesion Policy
2004-2006
2004-2006
EU
94%
12.8 billions Euro within the
framework of structural assistance
(6% of the total EU assistance in that
period)
Poland
6%
2007-2013
2007-2013
67.3 billion Euro for the cohesion
policy
almost 1/5 of the total EU cohesion
policy financing.
EU
80.7%
Poland
19.3%
9
National Strategic Reference Framework
Objectives
Strategic objective of NSRF:
Creation of conditions for the growth of competitiveness of knowledge
and entrepreneurship based economy assuring the increase in employment
and in the level of social, economic and territorial cohesion
Objective 1:
Improving
the
functioning
standard of
public
institutions
and
development
of
partnership
mechanisms
Objective 2:
Improving the
quality of
human capital
and enhancing
social cohesion
Objective 3:
Establishment and
modernization of
technical and
social
infrastructure
crucial for better
competitiveness of
Poland
Objective 4:
Improving the
competitiveness and
innovativeness of
enterprises, including
in particular the
manufacturing sector
with high added value
and development of
the services sector
Objective 5:
Increase of the
competitivenes
s of Polish
regions and
countering their
social, economic
and territorial
marginalisation
Objective 6:
Balancing
development
opporunities and
supporting
structural
changes on rural
areas
NSRF’s objectives and operational programmes
Improving the functioning standard of
public institutions and development of
partnership mechanisms
OP Human Capital
Improving the human capital quality
and enhancing social cohesion
OP Innovative economy
Establishment and modernization of
technical and social infrastructure
crucial for better competitiveness of
Poland
Improving the competitiveness and
innovativeness of enterprises, including
in particular the manufacturing sector
with high added value and
development of the services sector
Increase of the competitiveness of
Polish regions and countering their
social, economic and territorial
marginalisation
Balancing development opportunities
and supporting structural changes on
rural areas
OP Infrastructure and Environment
16 Regional Operational Programmes
OP Development of Eastern Poland
OP European Territorial Co-operation
OP Technical assistance
11
Breakdown of EU funds among Operational Programmes
Operational Programme
Amount
(mln EUR)
Regional Operational Programmes (16)
16 555,6
OP Infrastructure and Environment
27 913,7
OP Human Capital
9 707,2
OP Innovative Economy
8 254,9
OP Eastern Poland Development
2 273,8
OP European Territorial Cooperation
731,1
OP Technical Assistance
516,7
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Institutional system of OPs and ROPs
Managing Authority (MA)
Responsible for preparation and implementation of operational programmes
 Minister of Regional Development in case of centrally managed OPs (5)
 Voivodship Boards in case of ROPs (16)
Intermediate Body (32)
Government administration body or other public finance sector entity, entrusted to execute a part
of tasks of the MA, pursuant to an agreement concluded with the MA
 respective ministries in case of centrally managed programmes (except OP DEP)
2nd level Intermediate Body (64)
Public or private entity responsible for implementation of particular parts or whole priorities
 their function for particular measures (groups of operations) within respective priority axis is
fulfilled by the entity selected according to Polish Law on the principles of development policy
act
European Territorial Cooperation
MRD as a MA for 3 ETC and 2 ENPI programmes – so called „JTS”
National coordinator for 8 transnational, cross-border and interregional programmes
Support for entrepreneurship in ROP’s
 Investment subsidies to increase competitiveness, investment potential and
innovativeness in SME sector
 Support for R&D enterprises implemented by entrepreneurs themselves or
for purchasing the research results from other R&D units doing research for
business sector
 Subventions for expert advising for entrepreneurs that will stimulate the
increase of competitiveness, e.g. running a company in common European
market, product launching strategy, certification procedures, innovations in
production (advisory projects for SME)
 Support for business environment institutions
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Support for entrepreneurship in ROP’s
The support in ROP is assigned for the SME sector, large companies that want to
apply for the funds from this allocation will have to meet the following demands:
1. The values of the project below 2 mln Euro,
2. Prove that the project will bring significant benefits for the region.
The support for large companies will not exceed 10% of the
money allocated for research and technical development,
innovations and entrepreneurship.
15
Support for entrepreneurship in OP HC
Training – promoting measures – creating new jobs
Financial allocation for entrepreneurs and employees
 2 024 mln EUR (from ESF)
Financial allocation for the support of entrepreneurship and self-employment
 407 mln EUR (alokacja EFS)
The overall allocation for the above mentioned groups is equal to
21% of OP HC total allocation
Development of the staff of modern economy- 374 mln EUR
Improving the adaptivity of workers - 100 mln EUR
Development of workes and enterprises in region – 1 270 mln EUR
Transfer of knowledge - 280 mln EUR
Promoting entrepreneurship and self-employment - 407 mln EUR
Support for entrepreneurship in OP I&E
Support for projects of entrepreneurs, related to:
environment protection and renewable energy sources
Measure
4.1 Support for environmental management systems
Total allocation
20,00 mln euro
4.2 Rationalisation of resources and waste management in enterprises
100,00 mln euro
4.3 Support for enterprises in the introduction of Best Available
Techniques (BAT)
183,33 mln euro
4.4 Support for enterprises in the area of water and sewage management
41,67 mln euro
4.5 Support for enterprises in the area of air protection
222,00 mln euro
4.6 Support for enterprises conducting business activity involving
recycling and treatment of waste other than municipal waste
100,00 mln euro
Support for entrepreneurship in OP I&E
Measure
Total allocation
9.1 High-efficiency energy generation
418,86 mln euro
9.2 Efficient distribution of energy
163,58 mln euro
9.4 Generation of energy from renewable sources
1 762,31 mln euro
9.5 Production of biofuels from renewable sources
234,97 mln euro
9.6 Networks facilitating reception of energy from renewable sources
55,29 mln euro
10.1 Development of transmission systems for electricity, natural gas
and crude oil, as well as construction and reconstruction of natural
gas storage facilities
1 342,05 mln euro
10.2 Construction of natural gas distribution systems on areas not yet
supplied with gas and modernisation of the existing distribution
networks
259,83 mln euro
10.3 Development of industry based on renewable sources of energy
91,33 mln euro
Support for entrepreneurship in OP IE
 Support to R&D sector, enterprises, institutions of
business support, administration and citizens
 Support to SME’s for:
–
–
–
–
–
–
–
innovations,
new technologies,
information technologies,
R&D,
development of export potential,
development of cooperative relations,
access to external financing of investments
19
Support for entrepreneurship in OP IE
Measure
Total allocation
1.4 Support for goal-oriented projects
390,35 mln euro
4.1 Support for the implementation of the outcome of R&D work
390,00 mln euro
3.1 Initiating innovative activities
4.2 Stimulating R&D activities of enterprises and support in the area
of industrial design
93,5 mln euro
186,00 mln euro
4.4 New investment of a high innovation potential
1 420,00 mln euro
4.5 Support for investment of considerable importance to the economy
1 023,86 mln euro
8.1 Support for business activity in the field of electronic commerce
390,64 mln euro
8.2 Support for the implementation of electronic business of the B2B
type
460,82 mln euro
8.4 Providing access to the Internet at the “last mile” stage
200,00 mln euro
20
Support for entrepreneurship in OP DEP
Measure
1.2 Instruments of financial engineering
1.3 Support of innovativeness
1.4 Promotion and cooperation
Total allocation
23,53 mln euro
479,53 mln euro
47,10 mln euro
2.1 Broadband network of Eastern Poland
300,14 mln euro
3.2 Infrastructure of congress and fair travel
109,22 mln euro
21
Complementarity of support for entrepreneurs
REGION AL
LEVEL
• support for SME’s in ROP’s but for large companies as well, if:
 project value < 2 mln euro
 high importance of the project for the region
• direct grants for SMEs
NATIONAL
LEVEL
OP IE
NEW technological solutions in production and services
applied for no longer than 3 years in the world or…
whose level of dissemination throughout the world does not
exceed 15%
OP HC – regional component
• „soft” [training & capacity building], ESF co-financed measures
22
Complementarity of support for entrepreneurs
OP DEP
Complementary to OP IE
risk capital funds, scientific research, comercialization of R&D,
industrial parks, science & technology parks
Complementary to ROP’s
credit and guarantee funds, direct grants for entreprenours,
revitalization of post-industrial zones
improvement of business environment (indirect support) for SMEs.
23
Useful websites
http://www.mrr.gov.pl
Ministry of Regional Development
http://www.mg.gov.pl
Ministry of Economy
http://www.paiz.gov.pl/index/?lang_id=12
Polish Information and Foreign Investment Agency
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Part II
Response of Polish Government to financial and
economic crisis
Economic growth forecast for Poland
1. The foundations of Polish economy are stable
•
Prognosed growth rate in 2009 is up to 2%
2. The causes of economic downturn are mainly exogenous:
•
•
•
•
Lower level of FDI
Decreasing export of Polish goods abroad
Credit crunch
Lower level of investment?
26
Actions: facilitating economic growth and joining Euro
1. Demand-side stimulus
• Reducing tax burden (announced before the crisis!)
2. Investment stimulus
• Eliminating bottlenecks of the system of EU funds implementation
• Improving regulatory framework of public-private partnerships
• Enhancing the system of guarantees and warrants for SME
• Temporal accelerated depreciation deductions
3. Cuts in the budgetry spendings in order not to increase the deficit
4. Joining Euro
27
Actions: tackling the slowdown with EU Funds
The NSRF 2007-2013 is seen as one of the main instruments to tackle the
economic slowdown.
CURRENT SITUATION:
The NSRF implementation in Poland is at the early stage.
By the end of 2008, the value of contracts signed and payments certified to the EC
represents respectively 3,24% and 0,38%of total NSRF allocation.
The idea is to ACCELARATE expenditures under OPs.
The Ministry of Regional Development (MRD) and the whole EU Funds system has been
without slowdown-related budgetary cuts.
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Plan for the EU Funds expenditure in 2009
Plan of the EU Funds expenditure under the NSRF 2007-2013
(adopted by the Council of Ministries on December 16th).
The target is to forward to certification by the EC at least 16,8 bln PLN (c.a. 4
bln EUR) of expenditure by the end of 2009 from the new perspective, and
additional 2 -3 bln PLN from the old perspective (Structural and Cohesion
funds).
For comparison, in 2007 we spent about 19 bln PLN
(around 1,8% GDP).
29
Program for accelerating the implementation
In order to meet the target, MRD identified 9 the most important actions, which constitute the
Program for quicker implementation of programs financed by EU Funds (presented in January
09 to the Council of Ministers and being currently implemented).
Main focus of The Program is on:
•
•
•
simplification and speeding up of implementtion at various stages,
creation of better links between EU Funds system and national public finance system,
using possibilities created recently by the EC.
The Program includes:
1. Better access to the EU Funds by beneficiaries:
Extension of the catalogue of beneficiaries entitled to receive advance payments
Extended use of advance payment mechanisms allows to improve and accelerate the expenditure of
EU Funds, mostly by entrepreneurs, which up-to-date have only been allowed to be given
reimbursements.
30
Program for accelerating the implementation
-
achieving more expenditure certified by a better control of spending and
accounting of national budgetary resources for the implementation of the NSRF
2. Changes in the system of money transfers in the implementation of the Regional
Operational Programs
More efficient mechanisms for providing regional governments with finance. Yearly
allocatons for the ROPs provided in installments, run sequentially, next after the previous
has been utilised and certified.
3. Changes of procedures for the use of the state budget reserves for the financing of
projects under OPs
More efficient mechanisms for supplying state-budget funds for such projects. Again funds
provided in installments, run sequentially, next after the previous has been utilised and
certified as the EU expenditure (more formal automatc approach)
31
Program for accelerating the implementation
- better motivation to the efficient OP’s implementation
4. Introduction of competition among the OP’s in seeking for additional
funds from the national performance reserve.
As part of the Structural Funds allocation there has been established the
performance reserve of 1.3 billion EUR. Its resources will be used in 2011 to
strengthen the most quickly and efficiently realised OP’s.
Additional funds will be especially attractive for the regions, implementing
their development strategies.
Assessment of the OP realisation will be based on expenditure ready to be
certified to the EC and the evaluation of programme/priorities
implementation.
32
Program for accelerating the implementation
- increasing the efficiency of the NSRF institutional system:
5. New standards for the methods and speed of implementation of specific
processes
Better standarisation in methods and times for the assesment of applications, signing
contracts, accounting, certification, etc.
6. Changes in the institutional system
Constant monitoring of the effectiveness of institutions and to propose changes to the
institutional NSRF.
7. Better linkage of TA with the objectives assigned to particular institutions.
Dependence of the amount of TA on the efficiency of expenditure by the institutions implementing
the NSRF. Incentives for the institutions and people (?)
33
Program for accelerating the implementation
- use of the opportunities offered by the EC as part of the anti-slowdown package
8. Wide use of the possibility to transfer first up to the 100% of the EU's contribution
to the project, then supplemented by the national part (utilising previous possibilies
and the change in Art. 78 (b) of the Regulation General)
9. Use of the possibility of declaring the EC payments on major projects not yet
approved
(utilising the change in Art. 41 of the Regulation General)
34
Ministry of Regional Development
2/4 Wspólna St.
Thank you for your attention
[email protected]