Investing in Poland 2017 Investing in Poland 2017 Featuring Trendbook
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INVESTING IN POLAND 2017 POLAND IN INVESTING INVESTING IN POLAND 2017 FEATURING TRENDBOOK Strategic Partners: Industry Partners: Cosmopolitan_Radzimir_Debski_Investing_in_Poland_210x297.indd 1 21/11/2016 17:13 TABLE OF CONTENTS: Foreword 2-11 Lubuskie 54-56 From the Editor-in-Chief 2 Łódzkie 58-59 EY 4 Małopolskie 60-61 PZU 6 Mazowieckie 62-63 PAIiIZ 7 Opolskie 64-65 Polish-German Chamber of Industry and Commerce 8 Podkarpackie 66-68 Italian Chamber of Industry and Commerce in Poland 9 Podlaskie 69-70 French-Polish Chamber of Industry and Commerce 10 Pomorskie 71-72 Polish Business and Innovation Centers Association 11 Silesia 73-74 Świętokrzyskie 75-76 Warmińsko-Mazurskie 77-78 Trendbook Poland 12-43 Wielkopolskie 79-80 Introduction 12 Zachodniopomorskie 81-82 Chemicals: The basic component industry 14-16 IT Systems for the defense industry (Partner Feature) 17 Special Economic Zones 84-91 Defense: The PLN 130 bln dilemma 19-21 Industrial and Technology Parks 92-94 Energy: Decarbonization - a must or heresy? 22-25 Partners 95-98 Banking: Taxing times ahead 26-29 Logistics: In top gear 30-31 IT: What’s blocking the cloud? 32-34 Real Estate: Big deals, bigger volumes 35-37 BPO: Millennials - hope for BPO 38-40 Interview with the Chinese Ambassador 41-43 Voivodships 44-82 Introduction 44-45 Kujawsko-Pomorskie 46-48 Lower Silesia 50-51 Lubelskie 52-53 Publisher: Morten Lindholm Key Accounts: Magdalena Klimiuk, Justyna Lund, Editor-in-Chief: Jacek Ciesnowski ([email protected]) Katarzyna Pomierna, Jola Zbieg Managing Editor: Beata Socha ([email protected]) PR & Marketing Manager: Anna Augustyniak- Valkea Media SA Copy Editor: Michael Evans Hoffman ([email protected]) ul. Elbląska 15/17 Art Director: Wiesław Galach Print & Distribution Coordinator: Krzysztof Wiliński 01-747 Warsaw, Poland Graphic Designer: Aleksandra Szydło % +48 22 257-7500 All photos: Shutterstock, local autorities, Wikimedia, 6 +48 22 257-7599 NIP: 525-21-77-350 partners and companies Sales & Marketing Director: Tomasz Pawlak ([email protected]) INVESTMENTS STILL STRONG DESPITE SLOWDOWN Jacek Ciesnowski, Editor-in-Chief, Warsaw Business Journal Group As always, we’ve highlighted selected sectors and industries that we think are driving foreign investments to Poland. Thanks to the countrys central location its a perfect t for the lois- tics sector. The real estate sector is recording record-levels of transactions.,and despite recent drawbacks with the helicopter tender, the defense sector is still looking to spend billions in the coming years. The IT, BPO, chemistry and energy sectors are as strong as ever, and even the banking sector, which was hit by leg- islation (bank tax and the Swiss franc loan conversion), is currently on the brink of a major phase of consolidation. n the followin paes youll nd a comprehensie picture of the olish inestment landscape. here are full proles of olands 16 This is the 8th edition of the Investing in Poland annual, which voivodships and major cities with the most crucial information re- we publish to promote Poland as an excellent place for FDIs (for- garding local infrastructure and contact information. We also pro- eign direct investments). The biggest CEE economy has faced a le all of olands Special Economic ones and list all of olands few economic challenges lately. GDP projections for 2016 have major technology parks. Finally, and probably the most important already been slashed from the initial 3.8 percent to 3.4 percent in aspect of this publication, all of the published information and data the budget draft approved by the Polish parliament. But with the was gathered and selected by the editorial staff of the Warsaw readin of .5 percent and many nancial institutions such as Business Journal Group, who are responsible for a number of the IMF and rating agencies slashing the forecasts even further, Poland’s most trusted English-language publications, in coopera- the . percent ure miht still be too optimistic. tion with our partners, who assisted us with their knowledge and The value of FDIs in Poland has also dropped, albeit only slightly. experience. In 2015, some PLN 712 billion was invested in Poland, according to Poland’s Central Bank, compared to PLN 741 billion in 2014. ut despite the droppin alue other ures are uite impressie. According to EY consultancy, Poland was the 5th most attractive investment destination in Europe in 2015, with 23 percent more FDI projects than the year before and with 15,485 workplaces cre- ated (3rd in Europe). 335480-Prasa-Witelo 210x297 v2.indd 1 18.11.2016 14:17 335480-Prasa-Witelo 210x297 v2.indd 1 18.11.2016 14:17 Partner feature POLAND A SAFE HARBOR FOR NEW INVESTMENTS These are some of the reasons why Poland ranks among the top European countries, and on pole position in CEE. Paweł Tynel, At the same time, we understand that this should not be taken for Partner EY granted. This competition is like in sport – you are only as good as your last game. New investors are the best examples of Poland’s position on the investor map. Investing in Poland should Goernments are chanin but one may be clear and condent be analyzed through the about one thing – that in Poland there has been, there is, and there success stories of thou- will be a government willing to attract new businesses and open for sands of companies that discussion about how to convince you to select Poland. have made new invest- In the last decade, a lot has been done in terms of infrastructure, ments in the last 27 years accessibility and telecommunications, but nowadays great pres- – a new era after the fall of sure is placed on the availability of skilled people. There are a lot of communism. Since 1989, activities targeted at supporting technical schools and cooperation Poland has become a between high-schools and business. And this is done in order to central point of interest to help inestors nd people with the necessary skills and motiation. investors, not only for Central and Eastern Europe, but also for the I strongly believe that next to the experiences of the last 27 years, whole of Europe and the world. our talent pool and availability of people constitute one of Poland’s Its large and attractive internal market – with more than 16 cities greatest assets that can be offered to new investors. Undoubtedly, with over 200,000 inhabitants from which investors can source it is a reason for the success and strong presence of SSC/BPO people for their operations – has become the initial factor for the centers in Poland. It has become a critical industry segment for selection of Poland as a home for new projects. thousands of people employed there. For those last 27 years, Poland has experienced only growth in Nowadays, the world does not offer many opportunities with per- terms of GDP. This remarkable achievement, unheard of anywhere fect stability, availability of people, and a good mix of costs. There else in the world, has not been missed by investors and it has in- are always some challenges, but Poland can be perceived as a creased the leel of condence and stability. safe choice and a safe harbor for new investments. Experiences ondence is one the of most critical aspects that companies are from the most important players on this market – investors – are the looking for. In Poland it is understood that by selecting a country, best ustication and conrmation of this statement. investors are speculating on their own business cases, their own future income, and also on their own careers. We understand how important these decisions are. Therefore, the experiences and rec- ommendations of actual investors are always the best indicators in these discussions. Poland has been a leader of change in the region for the last 27 years and has also been a leader in attracting investors. At EY we conduct our “EY Attractiveness Survey” annually and this year’s re- sults proved that Poland is still highly regarded by investors. Some 211 new projects, and almost 20,000 jobs have been created, and Poland has reached 5th position in the ranking of all European countries perceived as the best places to make a new investment. Partner feature WITELO FUND FROM OUR TERRITORY, THAT IS FROM POLAND near future this will translate into its rst inestments. he plan is for this to transpire at the turn of 2016 and 2017. Paweł The creation of this type of hub, however, requires not just capital, rwa, E P but also know-how and relations with leading Polish and international ye investors whom we would like to invite warmly to join the Witelo Fund. In recent months, we have conversed with more than 100 venture capital funds from Silicon alley in the S Germany and srael. his has made it possible for Polish start-ups to meet with representatives In nostra terra, scilicet Po- of leading venture capital investors such as Mjolnir Ventures, Team- lonia – from our territory, est aladin apital Group and eriech durin the ESE that is from Poland. That conference that took place in Kraków. Ultimately, the Witelo Progam is how Witelo, a Polish will hae 500 million at its disposal and the Group intends to physicist, mathematician, invest at least PLN 200 million. It will operate as a closed-end mutual philosopher and opti- fund investing in privately held assets (FIZAN) managed by TFI PZU. cian, described himself. I have no doubt that it is high time Poland became an active partici- He came from Silesia and pant and beneciary of the ourth ndustrial eolution. here is one was probably born in Legnica as the son of a Polish mother and a prerequisite – we must make up for the distance that separates us settler from Thuringia around 1230 and he died around 1300.