Transcript Slajd 1

POLISH INFORMATION
AND FOREIGN INVESTMENT AGENCY
Foreign investments in Poland
Foreign Investment Department
Warsaw, April 17 2015
1
Structure of PAIiIZ
PAIiIZ
Foreign Investment
Department
Manufacturing
team
BSS team
Economic Promotion
Department
Economic Information
Department
Regional Development
Department
Bureau for Eastern Poland
Economic Promotion
Programme
Polish Foreign
Investments team
State aid Section
• total employment at PAIiIZ: 130
people
• joint-stock company, 100% owned by
the Treasury
• 4/5 of the budget from the state subsidy,
1/5 - own resources
• regional offices – Investors’ Servicing
Centres in regions
Agency’s offer –
full spectrum of business location advisory
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
Long-term investment process!
FDI stock in Poland as of the end of 2011
Geographical sources of FDI
Other
countries
13%
EU
87%
Major FDI investors in Poland
(FDI stock as of the end of 2011, in bn EUR)
25
23.2
20.8
19.2
20
15.9
15
10
5
0
Source: National Bank of Poland, 2012
9.2
8.7
8.2
7.5
5.9
4.7
4.2
4.0
3.9
3.3
1.3 1.4 1.2
1.1 1.1
Pe
tr
Source: National Bank of Poland, 2012
ol
eu
m
pr
Te
x
til
e
&
w
oo
d
ac
t
er
6
Ot
h
8
tie
s
en
t
ts
ts
8.5
ivi
ip
m
..
od
uc
ru
b.
eq
u
ct
s,
pr
od
uc
9.5
rt
ro
du
he
rt
ra
ns
po
ica
lp
pr
10
ot
ac
eu
t
ba
cc
o
er
y
10.6
s&
ar
m
ac
hi
n
to
m
12
icl
e
al
&
FDI by sectors (in %)
Ve
h
ph
M
et
er
ag
es
an
d
ct
s,
be
v
ica
ls,
od
u
he
m
d
,c
Fo
o
FDI stock in Poland as of the end of 2011
FDI by manufacturing activity (in
EUR bn)
8.98
7.4
4
3.8
2
0
FDI inflows to CEE countries (mn USD)
PL
CZ
HU
RO
BG
SK
29500
PL
24500
PL
19500
PL
14500
PL
RO
PL
BG
RO
9500
CZ
RO
BG
PL
BG
HU
CZ
4500
CZHU
SK
HU
CZ
SK
SK
RO
BG
CZ
HU
SK
-500
2006
2007
Source: UNCTAD World Investment Report 2012
2008
2009
CZ
HU
RO
HU
BG
SK
2010
RO SK
BG
2011
Services and Manufacturing Hubs in Poland (1)
AUTOMOTIVE
HOUSEHOLD APPLIANCES
Wrocław
ELECTRONICS
Source: PAIiIZ compilation, 2014
Services and Manufacturing Hubs in Poland (2)
AEROSPACE
BSS
Wrocław
R&D
Source: PAIiIZ compilation, 2014
Completed projects by country of origin in 2014
No of
projects
Investment value
(m EUR)
Employment
US
14
365
1,808
Germany
11
948
4,121
Sweden
3
37
425
UK
3
1,5
210
Italy
2
67
65
Japan
2
2
260
Country
Completed projects by sector in 2014
Sector
Number
Value (EUR m)
Employment
BSS+ ICT
17
12,7
3 300
automotive
9
1 223
3 256
R&D
6
7,34
523
food processing
2
250
11
wood- processing
2
70
95
packaging
2
12,5
80
Projects completed by November 2014 assisted by PAIiIZ
7,604 NEW WORK PLACES
45 COMPLETED PROJECTS
4
The largest investors in terms of the number
of created job places
1
1
3
6
2
9
72
2
2
1
4
3
Investments by country of origin
1782m EUR OF INVESTMENT
The largest investors in terms of invested capital
1000
900
800
700
600
500
400
300
200
100
0
948
14
365.1
12
10
8
14
6
11
37
3
USA
Germany Szwecja
No of projects
1.5
67
3
2
2
GB
Italy
Japan
2
Value of projects
4
2
0
Completed projects by region in 2014
łódzkie
• investment: 61,6 m EUR
• employment: 1 230
• main sectors: BSS, logistic
dolnośląskie
• investment: 27,8 m EUR
• employment: 669
• main sectors: R&D, automotive
wielkopolskie
• investment: 829 m EUR
• employment: 2 830
• main sectors: automotive, BSS
investment: 292 m EUR
• employment: 630
• main sectors: food processing
•
pomorskie
małopolskie
• investment: 39,2 m EUR
• employment: 815
• main sectors: BSS, food
processing
4
Share of reinvestment in completed projects
Completed projects
including reinvestment
Share of reinvestments
Number
Value
(m EUR)
Employment
45
1,782
7,604
28
1,512
6,406
62%
85%
84%
Trends in FDI flow
Sectors
BSS
Parameters
Produkcja
CAPEX
Reinvestments
Real estate needs
Source: PAIiIZ
manufacturing
zatrudnienie
job places
reinvestment
- organic growth
- expansion projects
- new type of operations
brownfield
newcomers
rented office space
zakup
greenfield
International recognition
14th place as the most attractive FDI destination
2nd most attractive country for FDI in the next 3 years
3rd place worldwide as the best quality location for
manufacturing projects
2nd location in Eastern Europe and Russia offering the greatest
revenue opportunities over next three years
Poland classified as a mature outsourcing location
3rd best location in the world after India and China, for
outsourcing businesses in financial, accounting, advisory
6th among top 10 destination countries in Europe in 2012
Poland in Doing Business 2015
DOING BUSINESS
2015 RANK
DOING BUSINESS
2014 RANK
DOING BUSINESS
2013 RANK
DOING BUSINESS
2012 RANK
32
45
55
74
80
74
70
60
54
50
44
55
56
45
38
40
32
30
20
14
10
0
„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 2015, 2014, 2013, 2012
59
Poland - positive investment factors
Labor costs
42%
Availability and quality of suppliers
49%
Quality of higher education
57%
Productivity and motivation of the employees
57%
Workforce skills
71%
EU membership
87%
0%
Source: Ankieta koniunkturalna EŚW 2014, AHK Polska, June 2014
20%
40%
60%
80%
100%
Poland – negative investment factors
Legal safety
27%
Predictability of economic policy
33%
Fight against corruption and crimes
38%
Transparency of public tenders
43%
Public administration
45%
Fiscal administration
52%
0%
Source: Ankieta koniunkturalna EŚW 2014, AHK Polska, June 2014
10%
20%
30%
40%
50%
60%
Would you take the same decision once again?
Poland
94%
6%
Estonia
94%
6%
Lithuania
90%
Czech Rep.
10%
88%
12%
Slovakia
84%
16%
Romania
83%
17%
CEE
83%
17%
Bulgaria
82%
18%
Latvia
81%
19%
Croatia
77%
Hungary
23%
75%
0%
10%
20%
30%
25%
40%
50%
YES
Source: Ankieta koniunkturalna EŚW 2014, AHK Polska, June 2014
NO
60%
70%
80%
90%
100%
Effective incentives system
Tax breaks
• CIT exemption in Special Economic Zone
• CIT relief for acquisition of new technology
• Real estate tax exemption
Cash support
• Government grants
• Cash grants available through EU Funds
The EU budget: present and future financial perspective
2007-2013
Total:
Poland:
975 bn EUR
69 bn EUR
(7% of total)
2014-2020
Total:
Poland:
960 bn EUR
72.9 bn EUR
(7.6% of total)
Regional state aid map –
Maximum intensity in years 2014-2020
35%
35%
35%
35%
50%
Warsaw
35%
35%
50%
35%
20%
25%
35%
35%
Warsaw:
25%
50%
35%
35%
- as of 1.01.2018 – 10%
25%
35%
* map will be valid starting from 1.07.2014
- until 31.12.2017 – 15%
50%
Special Economic Zones
•
Special Economic Zone (SEZ) is an especially dedicated
area where investors receive special benefits
•
Major purpose of SEZ is to support local growth
•
There are 14
•
Cumulative area = 20
•
SEZ will operate at least until 2026
•
Permits to conduct activities in SEZ are issued by the
SEZ + subzones
000 ha
authorities of each SEZ
•
Minimum investment: EUR
100 000
•
Possibility of including the land selected by an investor into
SEZ
Benefits from obtaining a permit to conduct activities in SEZ:
•
eligibility for income tax exemption
•
plot of land prepared for an investment project, available at a competitive price
•
free assistance in dealing with formalities relating to the investment project
Results of SEZ
• PLN 83,8 bn of the investment expenditures (as of end of September 2012)
• 82 % of the investment expenditures were incurred by foreign companies
• 186 000 of new jobs have been created in SEZ (as of end of September 2012)
• Every work place in the SEZ generates 0,75 of work place outside of the SEZ
• SEZ are located in 146 cities and 210 communes on total area of 15 829 ha
(as of end of 2012)
CIT exemption in SEZ (mn PLN)
Source: Ministry of Economy, Office of Competition and Consumer Protection
Exemption from real estate tax
• a form of regional state aid
available in communes which adopted
resolutions concerning the possibility of
exemption from real estate tax
Example:
Grudziądz, Kujawsko - Pomorskie province
Investment in the Pomorska SEZ by
entrepreneur other than small or mediumsized
• maximum tax limits set by the Ministry of
Finance
• the exemption usually depends on the
amount of new workplaces created
Jobs created
Full exemption
Investment of at least EUR 100,000
50
3 years
70
5 years
90
7 years
For every EUR 500,000 – additional 6 month of
exemption no more than 1 year
Government grants – priority sectors
Program of support of investments of considerable importance for Polish economy
Priority sectors
Production
•
•
•
•
•
automotive
electronics
aviation
biotechnology
„big investment” in other sectors
Modern services
•
•
•
•
ICT
SSC
BPO
R&D activity (e.g. software development)
Purpose of support
• development of innovativeness and competitiveness of Polish economy
Result of support
• 53 programmes of total amount PLN 900 m (since 2004)
• 19,000 of new jobs
Government grants - parameters
Sector
New work places
and
Investment costs
Max. amount of
support
Employment grant
Production*
250
PLN 40 m
Modern services
250
PLN 1.5 m**
R&D
35
PLN 1.5 m
Large investment in
other sector
200
or
500
PLN 750 m
or
PLN 500 m
from PLN 3,200
(USD 1,000) to
PLN 15,600
(USD 5,000)/
per job
Investment grant
Production*
50
PLN 160 m
Large investment in
other sector
200
or
500
PLN 750 m
or
PLN 500 m
R&D
35
PLN 10 m
1.5% to 12.5% of
investment costs
up to 10%
*) Aid is not granted if unemployment rate in location (poviat) is below 75% of the national average, unless Eastern Poland
**) excluding office space rental costs
European Funds for Poland: EUR 67 bn in 2007-2013
16 Regional OP
25%
European Territorial
Cooperation
Programmes
1%
OP Technical
Assistance
1%
OP Development of
Eastern Poland
4%
OP Innovative
Economy
13%
OP Human Capital
15%
5 National OP (74 %)
16 Regional OP (25 %)
European Territorial Cooperation Programme
Source: European Commission
OP Infrastructure
and Environment
41%
European Funds for Poland: EUR 72.9 bn in 2014-2020
EUR 72.9 bn*
Partnership contract – between
Poland and EC
(draft adopted by the Council
of Ministers on January 15th, 2013)
Regional contract – between
central government
and self-government units
* for cohesion policy + EUR 28,5 bn for agriculture policy
Po
ki
a
U
K
ec
e
ov
a
G
re
Sl
an
y
l
an
ce
Fr
m
rtu
ga
bl
ic
y
ia
ga
r
ep
u
H
un
R
d
ai
n
R
om
an
Sp
G
er
C
ze
ch
la
n
80
Ita
ly
Po
EU Cohesion Fund (2014-2020)
72.9 bn EUR
70
60
50
40
30
20
10
0
Case study – AMAZON
Amazon logistic centres in Poland: 2 near Wrocław (Kąty, Bielany
Wrocławskie in Lower Silesia region) and 1 near Poznań (Tarnowo
Podgórne in Wielkopolska region).
 Amazon will invest in total approx. EUR 40 million. Operations
at the 3 new locations will begin by the end of 2014 / beginning
of 2015.
 ultimately 6.000 people will be employed permanently and
additionally 9.000 at the seasonal pick periods.
 three Amazon sites in Poland will be integrated into the network of
25 centers in Europe as part of an expansion strategy to serve
customers in every European country.
Location factors :
 Logistic & technical infrastructure
 Specialised and educated labour
 Competitive labour costs
Investment:
40 mn EUR
Poznań
Jobs (total in 3 centres):
6.000 + 9.000 (season)
I.2013
Presentation
of investment
plans
X.2013
Investment
decision
Wrocław
II.2014
Cornerstone
laying
ceremony
VIII 2014
Start of operations
Case study – Volkswagen
VW new greenfield project:
VW project step by step

Over 22 greenfield offers provided, 11 visited sites
•
investment outlays: 800 m EUR

5 Special Economic Zones involved
•
employment: 2300

•
product: semi truck
•
location: Września,
5 trips lasting a few days to Poland to view the
plots with up to 10 participants (PAIiIZ, investor
and consultancy company)

5 PAIiIZ visits to the selected regions prior to the
investor’s visits in order to prepare local authorities

Several meetings at
authorities and SEZ

3 negotiation rounds in Berlin; up to 50
participants; with the participation of Vice Minister
of Economy

1 visit to the VW HQ

1 VW VIP visit to Poland, viewing the sites from
the helicopter
wielkopolskie province
•
timeline: 2014-2018
Września
PAIiIZ
HQ
with
local
Thank you for your attention
00-585 Warszawa, ul. Bagatela 12
tel. (+48 22) 334 98 00, fax (+48 22) 334 99 99
e-mail: [email protected]