POLSKA POLSKA POLAND POLSKA POLAND POLSKA POLAND POLSKA POLAND POLSKA POLAND POLSKA POLAND NEWSLETTER October 06th, 2011 issue 247

NEWS

INVESTMENTS IN POLAND - all the investors located their investments in the PAIiZ STARTS COOPERATION WITH INVESTMENTS IN SUCCESS special economic zones. RADOMSKO The inflow of the foreign direct investments (FDI) PAIiIZ's participation in the investment project in On September 30th, 2011 the Polish Information reflects the economic situation in the world. It Poland in the years 2009-2011 was 14%. The and Foreign Investment Agency signed rises in the times of economic prosperity and falls Agency supported companies such as: Cargotec, a cooperation agreement with the City in the time of crisis. But even in the time of global Ikea, Pilkington, Goodrich, MTU, Indesit, 3M, of Radomsko economic slowdown Poland maintained the Cadbury, ABN Amro, Nordea, HP and Geoban. The major aim of the agreement is to promote leading position in terms of investment Currently the Agency services 150 investment Radomsko and help the city attract more investment attractiveness. projects with a total value of 5,9 billion euros which projects from abroad. In the years 2007-2010 the inflow of foreign direct declare over 45 800 new jobs. The dominated The parties committed themselves to undertake investments to Poland was in all these years investors come from the USA, Great Britain and activities which will help the city actively seek positive. Despite the global crisis, Poland remained China and from the BPO, automotive and investors and provide them with professional one of the most attractive investment locations and machinery sector. services. PAIiIZ will provide help in the process of according to UNCTAD it has improved its position UNCTAD predicts that FDI inflow in the world will investment offer preparation, in gathering and among the largest EU countries receiving FDI: from return to the pre-crisis level in 2011. Meanwhile, the providing economic information, in creation of data the 11th position in 2007 rising to 8th in 2010. investors are looking for locations burdened with basis concerning the city’s economic environment the lowest risk. In the forefront of these countries is In term of the FDI inflow structure in the years 2007- th and in data management. 2010, only in 2008 reinvested profits were Poland. In the latest UNCTAD report Poland took 6 To date the Agency has signed similar agreements negative. As a result of the economic crisis foreign place in the world in terms of investment with Kielce, , Rzeszów, Białystok, . companies did not reinvest their profits in the attractiveness. (PAIiIZ) Budgoszcz, Koszalin, Krosno, Częstochowa, business in Poland but they allocated the savings in Zamość, Szczecinek and Piła. (PAIiIZ) the parent companies operating in the markets more affected by the crisis. In 2009 the situation GET INFORMATION ON THE has returned to the state before the economic PROMOTION OF EASTERN POLAND turmoil reinvested profits accounted to 42% of the REGULARLY! total inflow (40% in 2007). Recently the National We encourage all interested in the news Bank of Poland (NBP) again pointed to the trend of concerning the Programme of Economic transferring profits earned by investors abroad. Promotion of Eastern Poland to register to a Polish Information and Foreign Investment Agency, Newsletter however, has not noted fall in investment project. In The Newsletter provides information concerning the first ten months of 2011 the Agency closed events on which the Eastern part of Poland will be already 45 investments worth over 1 billion euros, promoted - fairs, investment missions, conferences which will create almost 9 thousand new jobs. The and economic fora. The Newsletter is a kind of a value of the new projects already exceeds the result supplement to the content published on the website achieved throughout the whole 2010. In the last 3 During a conference at PAIiIZ Poland's Deputy Prime Minister Mr Pawlak, PAIiIZ President Mr Majman, President of www.polskawschodnia.eu which provides years 131 foreign companies supported by PAIiIZ Pilkington Automotive Poland Mr Jania and President of information on the macroregion, bases with opted for investments worth a total of 2.6 billion Indesit Poland Mr Melone discussed the current condition of investment offers, publications and economic news euros and employed over 28 thousand people. investments in Poland from all the 5 regions of the microregion i.e. Among the investors, the Americans, Swedes and Warmia-Mazury, Podlasie, Lubelskie, Podkarpacie French were dominating. The most popular sector and Świętokrzyskie. was the BPO and R&D, automotive and machinery. To register for the Newsletter please visit 24,5% of the investment value closed by PAIiIZ went www.polskawschodnia.eu (the registration box is to the Lower Silesia voivodeship, 14,5% to Mazovia located iin the left down corner. (PAIiIZ) and 10% to the Wielkopolska region. Over 1/3 of

INVEST IN POLAND

GEDIA POLAND CONSTRUCTED The shop floor measures nearly 10 000 m2 and DANISH INVESTOR IN SZCZECIN A NEW SHOP FLOOR marks the end of the first phase of Gedia's Eltwin A/S will invest PLN 12 million and create The new shop floor was opened on September expansion of its factory in Nowa Sól. The investment 100 new jobs 29th, 2011 was worth EUR 4 million and allowed the company In Szczecin Eltwin will manufacture electronic goods to substantially improve work conditions of its 300 and components for ventilation device. For the first workers. 2 years the company plans to operate in a rented The official opening was attended by Head of the shop floor where it will hire 50 people. After the Lubuskie Voivodeship Executive Board, Elżbieta company builds its own facility of 1300 m2, investor Polak, President of Nowa Sól, Wadim Tyszkiewicz, will double the number of hired workers. The project representatives of the Polish Information and was supported by the Zachodniopomorskie Investor Foreign Investment Agency and the Kostrzyn- and Exporter Assistance Centre. Słubice SEZ. The Head of the Voivodeship Executive Board, Further stages of the factory's expansion will be Olgierd Geblewicz informs that another Danish implemented in the 4th quarter of 2011 and the 1st devlopement projects is panned to be established in quarter of 2012. (Gedia) the region. (Invest in West Pomerania)

President of Gedia GmbH Jürgen Hillesheim Gebrüder during the opening ceremony.

Polish Information and Foreign Investment Agency www.paiz.gov.pl POLSKA POLAND POLSKA POLAND POLSKA POLAND POLSKA POLAND POLSKA POLAND POLSKA POLAND POLSKA POLAND POLAND IN NUMBERS WAGES OF PRODUCTION companies with foreign capital - PLN 2 541. Exchange rates (as 06.10.2011) WORKERS The highest wages were offered in the chemical Production workers hired by companies with industry which was followed by the automotive Buy Sell sector (with an average wage of PLN 2 685). The Polish capital tended to earn 10% less than their USD 3,2613 3,3271 counterparts working at foreign firms - says the least competitive were wages in the electronic and EUR l1th salary report concerning production workers electrotechnic sectors. 4,3400 4,4276 in 2011 published by Sedlak&Sedlak The best situation in this context was in companies Source: www.nbp.pl The wages at production posts in Polish companies situated in Silesia (PLN 2 722) and in Wielkopolska were PLN 2 282 as opposed to wages offered by (PLN 2 722). (Sedlak&Sedlak)

EVENTS

2ND PANGEA POLSKA implementation of the so called “green way of years have valuable experience and a number of CONFERENCE “TRANSFERS OF doing business”. examples of developed projects which they can More information: share with entrepreneurs in Poland. SUCCESS 2011 - www.forumzrownowazonegorozwoju.pl (UM Łódź) The aim of the Forum is to discuss trends in the ENTREPRENEURSHIP WITHOUT development of Polish and Spanish energy power BORDERS” obtained from renewable sources. The meeting will The event will be held on October 7th-8th, 2011 also offer a chance to present active and investor- in oriented attitude of regions and the benefits they The conference will be held on October 7th, 2011 in obtain from the development of this kind of the Sejm RP, and on October 8th, 2011 at the investments. Warsaw Stock Exchange. The Forum attracted speakers from: the Ministry of The leading topics of the conference are: Economy, the Renewable Energy Association (SEO), innovation, entrepreneurship, investment and social Small Water Plant Association, PGE, RED, Eléctrica, economy. The conference programme provides Iberdrola, Engineering&Construction, the office of lectures, panels discussions and workshops. the Head of the region of Podkarpacie. The event will feature a number of prominent For more information please visit www.seo.org.pl. speakers, including Grzegorz Schetyna - Marshal of (SEO) the Sejm RP, Michał Boni - Minister, Head of Strategic Advisors of the Prime Minister, Ludwik Sobolewski - OFFICIAL OPENING OF THE Chairman, the Warsaw Stock Exchange. Organizers GDAŃSK SCIENCE -TECHNOLOGY expect the Deputy Prime Minister Waldemar Pawlak PARK and President of the European Parliament Jerzy The Pomerania Special Economic Zone has the Buzek to attend the conference. pleasure to invite you to attend a conference the Partners of this event are: Pangea Alliance, the Polish the Gdańsk Science -Technology Park - a 3rd Information and Foreign Investment Agency (PAIiIZ) Generation Facility and Employers of Poland. Honorary patronage over The official opening and a ceremony marking the the event was taken by the Marshal of the Sejm RP, completion of the 3rd construction phase of the Ministry of Economy and media patronage will be Park will take place on October 8th, 2011 at 10.00 provided by the Polish Press Agency (PAP). a.m. at the Gdańsk Technology Park (3 Lipy Str, For more information and a detailed programme Gdańsk). please visit the website: The opening will be accompanied by a conference www.pangeapolska.org/registration. (Pangea) which comprises of four panels: “The power industry and safety”, “Anti-corruption challenges in SUSTAINABLE DEVELOPMENT the public administration and in business", FORUM IN ŁÓDŹ "Biotechnology in live science" and “Safety of the The Forum will take place in Łódź from October blind and visually impaired - current challenges”. 13th to October 14th, 2011 To register please send an e-mail to: The Sustainable Development Forum is a result of a [email protected] (2pigroup) joint initiative by Alliance Francaise in Łódź, the th Polish Industry and Commerce Chamber in Paris 5 POLISH-SPANISH RENEWABLE and the City Council of Łódź. Partners of the Forum ENERGY FORUM are Dalkia, Skanska, Philips, Mazars, The Forum will take place on October 20th, 2011 Cushman&Wakefield, Peugeot, Accor, TP SA, Crédit at the Victoria Sofitel hotel in Warsaw Agricole, Ginger, Nowa Szkoła and Saur. Spain who is a leader in RES investments is a The Forum creates a platform for companies active valuable source of inspiration and examples for in Poland to present their ways and ideas for the Poland. Spanish entrepreneurs active in the field for DID YOU KNOW THAT...

POLISH MATHEMATICIAN AMONG Scientists - EUCYS were attended by 87 participants THE BEST YOUNG SCIENTISTS IN from 38 countries - 19 in biology, 8 in chemistry, 14 physics, 8 in IT, 10 in mathematics, 6 in medicine, 3 THE EU in social studies and 13 in technology. L a s t Tu e s d a y M i c h a ł M i ś k i e w i c z , a The first and second award (EUR 7,000 each) were mathematician from Warsaw, obtained 3rd granted to young scientists from Ireland, Lithuania award in the 23rd EU Contest for Young Scientists and Switzerland. organised by the European Commission. The It was the 17th time a representative of Poland took Polish Information Contest gives students the opportunity to part in the contest. To date there were 37 laureates and Foreign Investment Agency compete with the best of their contemporaries at from Poland. Poland ranks 3rd after Germany with 00-585 Warsaw, 12 Bagatela Str. European level. 77 laureates and the UK - 40 awarded projects in Michał Miśiewicz now studies mathematics at the tel. (+48 22) 334 98 40 terms of the number of rewarded projects in the University of Warsaw but wrote his contest work fax (+48 22) 334 99 90 contest. e-mail: [email protected] while being a student of a secondary school (as Elimination for the next edition for the contest have required by the contest's regulations). already been inaugurated. Public Relations Division. This year's finals of the EU Contest for Young (www.naukawpolsce.pap.pl) Economic Promotion Department

Polish Information and Foreign Investment Agency www.paiz.gov.pl