POLSKA POLSKA POLAND POLSKA POLAND POLSKA POLAND POLSKA POLAND POLSKA POLAND POLSKA POLAND NEWSLETTER th 13 of June 2007 Number 50

NEWS

THE BEST INVESTMENTS ARE REWARDED! laureates who have been presented with awards the position of Deputy Chair of the Jury. The Jury Prizes for the three most important investments of today” - said Dr Wojciechowski, the PAIiIZ will judge the works for their innovative character, 2007 were presented by the Deputy President of President. I'm deeply convinced that Poland will their functionality, and their unity and compatibility the Council of Ministers, the Minister of the strive to be a country that creates a conducive with the spatial requirements of the Exhibition's Economy Mr , Ms Jolanta business climate - as Deputy Premier Pawlak, Organiser's. The assessment would also take into Fedan, the Minister of Labour and Social Policy, stressed for high technology investments added consideration the concept of the exposition's Ms Barbara Kudrycka, the Minister of Science the PAIiIZ President. programme, the cost of the project and its and Higher Education and the PAIiIZ President The large majority of this year's investments execution. Ph.D. Paweł Wojciechowski, during a Christmas conducted by PAIiIZ were connected with - The chosen works showed projects which were and New Year meeting with investors. electronics, BPO and the automotive industry. highly advanced and well conceived - Mr Jerzy The award for the Investment of the year for 2007, With most of these projects originating in the Grochulski, the SARP President stated. - They for the largest investment - of a value of 145 million U.S.A., , Germany, Great Britain and China. should fulfill the expectations of not only our EUR, was presented to TOYOTA Motor In 2006 the value of foreign investments in Poland country and our responsibility for presenting its Manufacturing Poland. The Minister of the exceeded 15 billion PLN. achievements and successes, but also of the Economy and Deputy Premier Mr Pawlak, Chinese visitors. It will enable those visitors that presented the distinction which was received by EXPO 2010 - THE RESULTS OF THE PAIiIZ are unaccustomed to Poland, to remember our the corporation's Vice President Mr Kenji COMPETITION FOR THE PAVILION'S country through exciting presentations in terms of Manabe. TOYOTA Motor Manufacturing Poland, DESIGN its architectural solutions - SARP's President the manufacturers of gear boxes and petrol On Tuesday 11th December, there was a PAIiIZ added. The competition for the architectural design of the engines at Wałbrzych, is one of the five conference to announce the winners of the Polish Pavilion was announced at the beginning of companies of the Toyota concern operating in concept for the architectural design of the Polish September 2007. The closing date for the Poland. Toyota's investment is confirmation of the Pavilion for EXPO 2010 in Shanghai. rd increasing flow of investments from outside of the The competition has aroused great interest. 20 submission of works was 3 December. In January EU, particularly from the Far East and the USA. projects were presented for the first stage of the an exhibition of the submitted projects is planned PAIiIZ's award for the Investment of the Year, for competition from which 12 qualified to the second at the Polish Information and Foreign Investment the company creating the largest number of work stage. Agency. places (over 1,300), was presented to INDESIT The competition's jury is awarding three prizes Further Information: www.expo2010.com.pl Company Poland. Ms Jolanta Fedan, the Minister and five distinctions. - We've tried to analyze the of Labour and Social Policy presented the functional qualities of these pavilion designs, distinction to their Director Mr Andrzej Drozd. primarily the aesthetics, concept and colour - Indesit Company Poland is one of the largest said Mrs Anna Kamińska, Vicepresident of PAIiIZ. employers in the Łódź voivodship. Currently at - We spent a long time discussing the co- their two plants for fridges and cookers the firm mmendations, whereas with the prizes we were in employs app. 2.5 thousand people and Indesit agreement. are also planning to open a factory in Radomsk. The financial reward for first place is 80 thousand The award in the category of modern services, PLN, for second and third 55 and 45 thousand was given to the REUTERS Europe S.A. IT Services PLN respectively. The authors of the five Centre by Ms Barbara Kudrycka, the Minister of commended works will receive 20 thousand PLN Science and Higher Education, who presented it each. to Mr Paweł Józefowicz, who has the Of course the most valuable prize will be the Authors of the winning poject: Marcin Mostafa responsibility of Head of Risk Central East and opportunity to execute the project. The authors of and Natalia Paszkowska South Europe. Reuters have been established in the victorious project will - apart from the financial Poland since 1992 and last year took the decision award - receive an invitation to participate in the to open up a new Data Centre in Gdansk in the public purchasing procedure in the unrestricted INVITATION TO A PAIIIZ CONFERENCE sphere of languages for Europe, the Middle East form (allowed under the Public Purchasing Laws in A report headed “The attractiveness for and Africa. The new centre will be responsible for accord with art. 67 reg. 1 point 2). The subject of investment of the voivodships and sub-regions of collecting economic and financial data for the the order will be the specific preparation of the Poland 2007” will be presented at the a con- needs of Reuters' products and services. The new architectural project for the Polish Section's ference at 12 am, on 17th December in the PAIiIZ investment establishes the transfer of modern IT Pavilion and the development of the terrain upon Press Centre, 12 Bagatela St., Warsaw. technology utilised by Reuters across the world. which the Pavilion is to be built. There report's been prepared by the Gdańsk - As the Sejm's Marshall, Mr Bronisław Institute for Market Economics with the Komorowski wrote in his letter specially prepared The chairman of the nine person Competition Jury cooperation of the Polish Information and Foreign for today's meeting: “Poland is a country of great was Mr Jerzy Grochulski, the President of the Investment Agency. We welcome everybody. potential in which the need has been recognised Association of Polish Architects. Mrs Anna RSVP: [email protected] to create a good climate for investment. I hope that Kamińska, a Vice President of PAIiIZ and the this positive opinion will be confirmed by the General Commissioner of the Polish Section of the EXPO 2012 World Exhibition in Shanghai, had

Polish Information and Foreign Investment Agency www.paiz.gov.pl POLSKA POLAND POLSKA POLAND POLSKA POLAND POLSKA POLAND POLSKA POLAND POLSKA POLAND POLSKA POLAND INVESTMENT IN POLAND AN IRISH FIRM IN ŁÓDŹ services will remain in Ireland. authorities and the representatives of PAIiIZ, who The Irish outsourcing firm SWS BPO announced Initially SWS will provide services for its existing had supported Łódź in gaining the investor. on Thursday 13th December their decision to clients in Western Europe, but with time they will The company employs over 400 people in Ireland, invest in Poland. SWS BPO will open a centre in also seek to provide services to economic entities including some Poles. For those that want to return Łódź providing services in the fields of finance in Poland. to Poland, there will be the provision of positions in and bookkeeping, management of human The company when considering its development in the Łódź bureau of SWS. resources and also IT support. By the end of Poland, looked at the Cities of Poznań, Gdańsk SWS BPO is a dynamically developing company 2010 they will employ 370 higher education and Łódź (due the presence of firms like Dell and from Sothern Ireland, providing outsourcing graduates. Gillette), as well as cities in the Czech Rep. and services both for public sector companies (40% of The firm's strategic plans forecast that over the next . The factors leading to the choice of Łódź the services for the Irish Government: improving few years SWS BPO Ltd. will achieve the status of were among others the potential of the Łódź the circulation and the preparation of documents) an international outsourcing centre. labour market and in particular the availability of and also for private clients: both in the Irish and Within its operations the centre will conduct qualified workers with foreign languages, the European markets (bookkeeping, business activities related to the payment and monitoring of competitive cost of running a business, the analysis, IT technology and the management of salaries, obligations, pay, bookkeeping, over- professional help provided on the part of the City data). The company's headquarters are located at seeing, the management of data, surveys and of Łódź and PAIiIZ. the West Cork Business and Technology Park, questionnaires for clients, the remote servicing of The city of Łódź in March of this year, presented an Clonakilty, Co. Cork, Ireland. clients (in IT) and debt recovery. These services investment offer that was prepared individually for are to be offered to international clients. However, the company's needs. As well as this, the firm's all the public sector contracts and certain other representatives regularly met up with the City's MACROECONOMIC POLAND Foreign Trade: Holland, South Korea, Belgium, the Czech Rep. zowsze - 8.9%. The towns with the lowest rates of During the period January - October 2007 and Germany. unemployment were: Sopot - 2.7%, Gdynia - exports in current prices were 317 billion PLN and The Labour Market: 2.9%, with Warsaw and Poznań both recording imports 367 billion PLN. When compared to the At the end of October 2007 the unemployment figures of 3.2%. analogous period in 2006, exports had increased rate in Poland was 11.3%. Exchange rates (as of 13.12.2007) by 11% and imports by 13%. The negative The highest unemployment rates were recorded balance of trade reached a level of 50 billion PLN. in the voivodships of: Warmińsko-Mazurskie Buy Sell Among their main trading partners, Poland's - 18.8%, Zachodniopomorskie - 16.2% and USD 2,4034 2,4520 largest turnovers in exports were noted with the Kujawsko-Pomorze -14.8%. The healthiest regions EUR 3,5323 3,6037 Ukraine, Russia, Gt. Britain, Italy, the Czech Rep. for employment were the voivodships of Wie- and Sweden; in imports with China, Gt. Britain, lkopolska - 7.9%, Małopolska - 8.7% and Ma- Source: www.nbp.pl ANALYSIS AND REPORTS POLAND ON THE PATH TO RAPID expected negative balance of trade -1.1%, as on the path to rapid growth. The businesses GROWTH against -1.8% in the second quarter. Both the unaffected by the higher PLN, increased interest The figures relating to economic growth in the dynamic for growth and also its structure are very rates, or increases in the employment costs are third quarter of this year were a positive surprise positive. expanding; which will increase potential growth in on the economic markets - it was reported by According to the article, economic growth has the long term. There are likely to be interest rate Onet.pl. slowed down somewhat. This is due partly to the increases and an exchange rate listing of the PLN As Mr Przemysław Kwiecień, from X-Trade Brokers fall in domestic demand which in the long term higher than the anticipated growth over the Dom Maklerski S.A. wrote, the GDP growth for must be viewed positively. The most significant coming quarters. The exchange rate will be 2007 could even exceed 6.5%, although factor remains the level of capital investments, significant in the next few months, when the previous forecasts had indicated a level of growth which has now for the last six quarters been divergent perspectives of the world's largest beneath 6%. The engine for growth has been oscillating between 4 and 6% q/q. economies will penetrate the turbulent rising above all domestic demand, consumption and As Kwiecień, writes, irrespective of the method of markets. investment. A positive surprise was the lower than calculating GDP, the figures indicate that Poland is Source: Onet.pl

DID YOU KNOW...

THE TALLEST BUILDING IN THE EU The commencement date for construction is the - IN WARSAW end of 2009 and work is expected to last two The tallest building in the EU will be erected in years. The investment will be financed by Kulczyk Warsaw's Wola district. The skyscraper of 282 Holding S.A. and a consortium of banks. metres in height will be 24 metres higher than the Up to now the highest building in Europe is the hitherto highest building the “Commerzbank Commerzbank Tower an office block in Frankfurt Tower”. The cost of the investment will be over am Main. The building had the distinction of being 1 billion PLN. the highest for only 8 years, from the time of its The block will be built at the junction of Chmielna completion to 2005, when the Triumph Palace in and Miedziana Streets, on a plot belonging to Moscow was built measuring 315 m. Kulczyk Holding Chmielna Development. www.rth.info - We're inviting the world's greatest architects to cooperate. We hope to design an original building that will become a symbol for Warsaw - Polish Information and Foreign Investment Agency it was stated on Thursday, in a communiqué by the 00-585 Warsaw, ul. Bagatela 12 director for Corporate Communications and tel. (+48 22) 334 98 15 International Relations at Kulczyk Holding, Mr fax (+48 22) 334 99 90 Jarosław Sroka. e-mail: [email protected] Public Relations Division Photo: Patrik Kalinowski Economic Promotion Department Polish Information and Foreign Investment Agency www.paiz.gov.pl