News 06 Ang.Cdr

Total Page:16

File Type:pdf, Size:1020Kb

News 06 Ang.Cdr JUNE NEWSLETTER 2004 FDI in Poland 15 May - 15 June Polish Information and POLAND AND EU Foreign Investment Agency POLISH ECONOMY The PKB growth BUSINESS REGULATIONS New opportunities for entrepreneurs According to Jerzy Hausner, the Ministry of Econo- Since May 1, 2004 Polish companies can still my and Polish economy will maintain its high indicate an origin of their products. They can Andrzej Zdebski (over 5% GDP) growth rate for the next few choose either the sign "made in Poland" or “made quarters, but continuation of this trend depends in the European Union". This is possible thanks President on the positive decisions in governmental policy. to the latest amendment to the act on the particular Jerzy Hausner said that high dynamism of industrial conditions of consumer selling, which has been production will be maintained after April and March introduced after Poland's accession to the Euro- pean Union. According to specialists we should when the growth amounted to 21,9% and 23,5% not underestimate none of these two signs. Each respectively. of them contains important commercial information. When one country is famous for a certain product High growth of export will be maintained it is vital to indicate it, otherwise it could be a very serious marketing error. The consumers very often PREFACE associate a given product with the region National Bank of Poland (NBP) estimates that of its origin. This is applicable to, for example, food, the trend of growing exports should be maintained which might be perceived as healthy if it originates from a certain country. This is exactly the source Dear Lady - Sir, till the end of the third quarter 2004. The trend of their dominance and we should treat it seriously. will be accompanied by favorable exchange rates When a product, however, competes on the effects, which will improve its competitiveness. international arena in the sector, in which the pro- We are happy to present the first edition According to NBP „Inflation Report” we can expect ducers of the product from a country does not feel of a monthly “Newsletter” of Polish Infor- a temporary decrease in the rate of export growth very strong, it is better to provide an information that it was made in the EU and as a result between 2004 and 2005. However, after that period, mation & Foreign Investment Agency. We do it can improve its credibility. hope that it will be an essential source the increase of potential production should widen Polish export offer and thus, stimulate external Excise duty of information on a current Polish economic demand. According to NBP's assumption, export situation, especially on an inflow of direct growth will be also one of the main stimulating There is an opportunity to use cars from factors affecting import growth in the first half the European Union countries in Poland, which foreign investment to Poland. are not liable to excise. Affirmative proof is however of 2004. needed that one has the right to use the car. In “The Newsletter” we encourage to invest Indeed, the act on the excise tax stipulates in our country and offer its „one-stop-shop” Business Index record level in May 2004 that the tax must be paid if the user of the car is not its owner. If this obligation is not fulfilled, services to foreign entrepreneurs who want the user of the car can be accused of breaking to commence their investment in Poland. Business Index presented by Polish Confederation the penal code. But there is a lack of precise instructions when such a tax should be paid. of Private Employers (PKPP) grew from 59 in April According to the Ministry of Finance the tax The „Newsletter” is to give reliable infor- to 64 points in May. Dynamic growth of the quarterly does not have to be paid if the caris to be used mation on an investment climate in Poland index grew by 8 points up to 66 points. “Business in Poland only temporarily based on the agree- index results from May 2004 do not leave any doubts ment between the user of the car and his and is mainly addressed to Economic that economic boom is going on. Quarterly relative living in the UE country. and Commercial Departments, Polish and yearly index exceeded record level of 60 New regulations on taxation of services diplomatic offices and to foreign journalists. points, which has not been registered so far.” wrote PKPP experts in their commentary. PKPP Business We are convinced that it will help New regulations concerning taxation of interna- Index is created on the basis of Polish economists' tional services are obligatory from May 1, 2004. in the field of active investment marketing predictions who evaluate the economic situation It results from the implementation of the norma- in Poland and will contribute to the growth for the current quarter, for the next six months lization to the Polish VAT. The regulation, which as well as a whole year. It Is being calculated on a determines the place of the services taxation. of an interest in our country and will The rules related to the place of taxation 100-points scale, where 50 represents export be chosen by investors as a very good are the reflection of several basic principles growth predictions within 3-3,5% of GDP yearly. of the EU's common VAT system, such as assurance location for their investment. of taxation of each transaction, avoiding double taxation, pursuance of the taxation to particular After 15 years of economic and political ICT market in Poland transactions in these countries, in which they are used due to their purchases. The taxation of the services reforms Poland has one of the strongest carried out by a Polish tax payer, either in Poland The value of ICT market in Poland amounted economies in Central Europe. Membership for the foreign parties or abroad, does not exclusively to USD 3.45 billion in year 2003 thus, rose by 11% depend on the place of realization of the service. in NATO, OECD and in EU will be its ad- in comparison to the year before announced Since May 1, 2004 an important issue is a description vantage in attracting foreign investors the annual Computerworld's TOP 200 magazine of the service. This will determine the taxation place report. According to IDC Poland, analyst company, and will apply to the services purchased by Polish and will make Poland a reliable and a good tax payers from the foreign parties as well. the current year will be another good one for economic partner to foreign companies. the Polish ICT sector. Until the end of year 2004 Work in Poland for foreigners We will try to prove all these facts each the value of Polish ICT market will reach almost month in our “Newsletters”. USD 4 billion. The biggest ICT company, operating Employment for some foreigners in Poland is still in Poland is still HP Poland, which produced limited. According to the accession treaty an easy flow of employees is allowed, however in the transitory On this occasion, I would also like to invite revenues of over PLN 1.78 billion. Other top spots period some countries may limit it. Poland has de- you to our new economic web site about are occupied by ABC Data, Action, IBM Poland, cided to treat the employees from other EU countries Tech Data Poland, Prokom Software, Incom Group, on the same basis as they treat ours. Due to this, Poland which will be accessible since AB, Microsoft and ComputerLand. the act on the promotion of employment and job the beginning of July. market institutions for foreigners has some restric- tions due to the protection of the Polish market. DIRECT FOREIGN NEW INVESTMENT IN JUNE 2004 Privatisation of Polish companies Car interior from Jelcz On June, 15 Parliamentary Commission of Treasury INVESTMENT has adopted a project of the resolution about Portuguese company Simoldes Plasticos decided the privatisation of some companies important to build a car interior plant. A total amount of investment from the point of view of strategic Polish interests. should reach PLN 50 million. The new factory will According to the project the government is obliged be situated in Jelcz-Laskowice and will be able to present its privatisation assumptions with regard Sebastian Mikosz to employ about 200 people. Such huge Groups as Fiat, to PKO BP, PGNiG, BG¯, PZU and KGHM. Mem- bers of the Parliament also want to be informed Executive Vice President Volkswagen and Toyota will be the clients of the Simoldes Plasticos factory. about the sale of shares in PZU, BG¯ and KGHM PAIIZ belonging to the Treasury. The Parliament is expec- A few companies interested in Daewoo-FSO ted to debate over these assignments and express Growing interest in investing in Poland its opinion. No privatisation process should be started Foreign investors are interested in Daewoo-FSO until any decision will be taken. Since the beginning of this year there has been growing investment said Jacek Piechota, Deputy Ministry Flat-rate tax interest in investing in Poland. This trend of Economy and Labor. According to him, there are has been caused by the global economic boom. a few investors interested in investing their money Almost 193 thousand entrepreneurs have decided and production subcontracting. There is a big chance for the flat-rate tax. This new opportunity is one According to UNCTAD, the level of international to rescue Daewoo-FSO car plant from liquidation of the most important novelty for them. As a result, flows of foreign direct investment (FDI) amounted he added. In Jacek Piechota's opinion the most to USD 653 billion in 2003 and was USD 2 billion higher some of them will pay less, but lose their chance to pay important issue is the fact that FSO factory has gained income tax together with their spouse.
Recommended publications
  • European Parliament
    EUROPEAN PARLIAMENT Directorate-General for Research Directorate A Division for International and Constitutional Affairs RFM/rfm Brussels, 28 February 2002 NOTE on POLAND'S POLITICAL AND ECONOMIC SITUATION AND ITS RELATIONS WITH THE EUROPEAN UNION WITH A VIEW TO ACCESSION This note has been prepared for the information of Members of the European Parliament. The opinions expressed in this document are the author's and do not necessarily reflect the position of the European Parliament. WIP/2002/02/0052-53 [FdR 463073] PE 313.120 CONTENTS 1 POLITICAL SITUATION............................................................................................................................... 4 1.1 HISTORICAL BACKGROUND ............................................................................................................................. 4 1.2 INSTITUTIONS................................................................................................................................................. 5 1.3 CURRENT ISSUES AND RECENT DEVELOPMENTS................................................................................................ 6 1.3.1 The results of the September 2001 general election and the party political landscape............................. 6 1.3.2 The new government ............................................................................................................................. 7 1.3.3 External relations ................................................................................................................................
    [Show full text]
  • Political Leaders of Poland's Transformation – in Generational Terms
    DOI: 10.17951/bc.2020.5.9-27 ANNALES UNIVERSITATIS MARIAE CURIE-SKŁODOWSKA LUBLIN – POLONIA VOL. V SECTIO M 2020 Jerzy Sielski [email protected] ORCID ID: https://orcid.org/0000-0002-1900-6870 Political leaders of Poland’s transformation – in generational terms Introduction From the viewpoint of methodology foreign literature puts particular atten- tion towards describing the leader’s generation of leaders1 when dealing with Chinese political reality. From the methodological point of view, I accept the concept of dividing politicians in power into those in command, and those who are leaders. The one in command is a decision – maker with political background whose strategic decisions are most important, independent and permanent2. In Poland’s political reality, the criterion of belonging to a generation is associated with two positions: the prime minister and the president. In three cases, the centre of strategic power was and still remains outside the presidential and government centre. The first case concerns the withdrawal of Donald Tusk from the government in 2014 to the centre of power in the European Union. The second case is related to Marian Krzaklewski, who was the then founder of the winning group (Solidarity Electoral Action – AWS) and also managed the 1 Among others L. Dittmer, Chinese Informal Politics, “The China Journal” 1995, no. 34; A. J. Nathan, A Factionalism Model for CCP Politics, “The China Quarterly” 1973, no. 53;C. Li, Chi- na’s Leaders: The New Generation, Rowman and Littlefield Publishers Lauhan 2001; L. W.W. Lam, Chinese politics In the Hu Jintao era: New leaders, new challenge, M.E.
    [Show full text]
  • Social Dialogue in Face of Changes on the Labour Market in Poland
    Professor Jacek P. Męcina (prof. UW dr hab.), is a lawyer and a political scientist, as well as a social policy expert on labour law, employment relations, employment policy, and social dialogue. His research interests JACEK M are focused on employment and labour market policy, labour law, and collective labour relations, the conditions of functioning of social dialogue JACEKJACEK MMĘĘCINACINA in Poland and in the European countries. Professor at the Institute of Social Policy, the Faculty of Political Science and International Studies at the University of Warsaw, since 2016 Director of the Institute of Social Policy. Scholar of the European Programme TEMPUS and the Alexander von Hum- Social Dialogue boldt Foundation. A member of the Scientifi c Council of the academic journals — Human Resource Management and Social Dialogue and Social Ę in Face of Changes Policy. The Author of more than 100 books, articles, and papers on labour law, labour relations, social CINA in Face of Changes dialogue, employment and labour market issues. He cooperates with the European institutions, the ILO, and many academic and research centres in Poland, Germany and other European countries. on the Labour Market Poland has been building its market economy for slightly more than a quarter of a century and has been a member of the European Union for thirteen years. Currently, Poland can feel the results of the in Poland. international crisis, but with some delay compared to the other European countries. Despite its stable Crisis to Breakthrough From of Changes on the Labour Social Dialogue in Face Market in Poland. economic development and relatively low unemployment, a deterioration in the quality of labour From Crisis relations is noticeable, and what is more Poland recorded a rapid increase in such forms of atypical employment and fi xed-term employment, reaching the highest levels among the EU countries.
    [Show full text]
  • POLAND October 2001 Country Information and Policy Unit I
    POLAND October 2001 Country Information and Policy Unit I SCOPE OF DOCUMENT II GEOGRAPHY III HISTORY IV INSTRUMENTS OF THE STATE V HUMAN RIGHTS VI HUMAN RIGHTS: SPECIFIC GROUPS ANNEX A: POLITICAL ORGANISATIONS ANNEX B: CHRONOLOGY OF KEY EVENTS ANNEX C: PROMINENT PEOPLE ANNEX D: BIBLIOGRAPHY 1. SCOPE OF DOCUMENT 1.1 This assessment has been produced by the Country Information and Policy Unit, Immigration and Nationality Directorate, Home Office, from information obtained from a variety of sources. 1.2 The assessment has been prepared for background purposes for those involved in the asylum determination process. The information it contains is not exhaustive, nor is it intended to catalogue all human rights violations. It concentrates on the issues most commonly raised in asylum claims made in the United Kingdom. 1.3 The assessment is sourced throughout. It is intended to be used by caseworkers as a signpost to the source material, which has been made available to them. The vast majority of the source material is readily available in the public domain. 1.4 It is intended to revise the assessment on a 6 monthly basis while the country remains within the top 35 asylum producing countries in the United Kingdom. 1.5 An electronic copy of the assessment has been made available to the following organisations: Amnesty International UK Immigration Advisory Service Immigration Appellate Authority Immigration Law Practitioners' Association Joint Council for the Welfare of Immigrants JUSTICE Medical Foundation for the Care of Victims of Torture Refugee Council Refugee Legal Centre UN High Commissioner for Refugees 2. GEOGRAPHY 2.1 The Republic of Poland is situated in central Europe.
    [Show full text]
  • The Latent Path Model for Dynamic Social Networks with an Application to Party Switching in Poland∗
    The Latent Path Model for Dynamic Social Networks with an Application to Party Switching in Poland∗ Jason W. Morgan† September 15, 2015 Abstract High rates of party switching by politicians is often expected to inhibit party sys- tem institutionalization by reducing democratic representation, accountability, and the heuristic value of party labels. However, in new democracies, where social connections and party labels are weak, switching may allow politicians the flexibility to sort them- selves into more cohesive groups, ultimately contributing to an increased likelihood of long-term party system stability. To investigate the phenomenon of party switching more closely, this paper develops a new latent variable model suitable for analyzing dynamic network data. The proposed latent path model is a natural extension of the la- tent space model for static networks developed by Hoff, Raftery, and Handcock (2002) and is in the spirit of the dynamic network model of Ward, Ahlquist, and Rozenas (2013). An application of the model to party switching in Poland, which has seen more than 1,100 instance of party switching since the first democratic election in 1991, shows that switching during the first five parliamentary terms resulted in greater ideological coherence of parties and that a core group of 199 long-serving MPs has been at the leading edge of this convergence. This counterintuitive result suggests party switching may sometimes play a more constructive role in party system institutionalization than typically realized, while it also suggests that the Polish party system may be developing the foundations of a strong and stable party system. ∗I would like to thank Jan Box-Steffensmeier, Paul DeBell, Luke Keele, Austin Knuppe, William Mi- nozzi, Irfan Nooruddin, Santiago Olivella, Andrew Rosenberg, and Peter Tunkis for their numerous helpful comments.
    [Show full text]
  • ARMS INDUSTRY TRANSFORMATION and INTEGRATION the Choices of East Central Europe Yudit Kiss
    ARMS INDUSTRY TRANSFORMATION AND INTEGRATION The Choices of East Central Europe yudit kiss Arms Industry Transformation and Integration The Choices of East Central Europe STOCKHOLM INTERNATIONAL PEACE RESEARCH INSTITUTE SIPRI is an independent international institute dedicated to research into conflict, armaments, arms control and disarmament. Established in 1966, SIPRI provides data, analysis and recommendations, based on open sources, to policymakers, researchers, media and the interested public. The Governing Board is not responsible for the views expressed in the publications of the Institute. GOVERNING BOARD Göran Lennmarker, Chairman (Sweden) Dr Dewi Fortuna Anwar (Indonesia) Dr Vladimir Baranovsky (Russia) Ambassador Lakhdar Brahimi (Algeria) Jayantha Dhanapala (Sri Lanka) Ambassador Wolfgang Ischinger (Germany) Professor Mary Kaldor (United Kingdom) The Director DIRECTOR Professor Tilman Brück (Germany) Signalistgatan 9 SE-169 70 Solna, Sweden Telephone: +46 8 655 97 00 Fax: +46 8 655 97 33 Email: [email protected] Internet: www.sipri.org Arms Industry Transformation and Integration The Choices of East Central Europe YUDIT KISS OXFORD UNIVERSITY PRESS 2014 1 Great Clarendon Street, Oxford OX2 6DP, United Kingdom Oxford University Press is a department of the University of Oxford. It furthers the University’s objective of excellence in research, scholarship, and education by publishing worldwide. Oxford is a registered trade mark of Oxford University Press in the UK and in certain other countries © SIPRI 2014 The moral rights of the authors have been asserted All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted, in any form or by any means, without the prior permission in writing of SIPRI, or as expressly permitted by law, or under terms agreed with the appropriate reprographics rights organizations.
    [Show full text]
  • Managing Labor Market Reforms: Case Study of Poland Public Disclosure Authorized
    Background paper prepared for the World Development Report 2005 Public Disclosure Authorized Aleksander Surdej Ph.D. Krakow University of Economics Managing Labor Market Reforms: Case Study of Poland Public Disclosure Authorized Draft, February 20, 2004 Abstract When state socialism collapsed in Poland in 1989, the Polish society nurtured great hopes to rapidly establish well functioning democracy and efficient markets. This paper describes the labor market reforms in Poland since 1989 and labor market changes throughout the country’s economic transformation. The gravity of the situation on the Public Disclosure Authorized Polish labor market, with high unemployment rate, has been recognized by both the EU and the OECD. The paper concludes that labor law reforms have been eased by the fact that the public opinion in Poland was favorable to deregulation; partially due to the perception that such changes would be advantageous to the society, and partially because no credible alternative existed. Polish mass media did overwhelmingly support labor law reforms and there were no voices calling for an alternative (for instance an interventionist approach) approach to try to reduce unemployment. The upcoming membership in the EU created favorable conditions for deregulatory changes. Public Disclosure Authorized The views expressed are those of the author and do not necessarily reflect official views of the World Bank. Table of content I. Introduction II. Selected Dimensions of Economic Restructuring II.A Privatization: Growth of Small Firms and Large Scale Privatization with Foreign Participation IIB. Size Distribution of Polish Enterprises IIC. Sectoral Changes of Employment III. The Development of the Polish Labor Market Since 1990 IV.
    [Show full text]
  • Managing Labor Market Reforms: Case Study of Poland
    Background paper prepared for the World Development Report 2005 Aleksander Surdej Ph.D. Krakow University of Economics Managing Labor Market Reforms: Case Study of Poland Draft, February 20, 2004 Abstract When state socialism collapsed in Poland in 1989, the Polish society nurtured great hopes to rapidly establish well functioning democracy and efficient markets. This paper describes the labor market reforms in Poland since 1989 and labor market changes throughout the country’s economic transformation. The gravity of the situation on the Polish labor market, with high unemployment rate, has been recognized by both the EU and the OECD. The paper concludes that labor law reforms have been eased by the fact that the public opinion in Poland was favorable to deregulation; partially due to the perception that such changes would be advantageous to the society, and partially because no credible alternative existed. Polish mass media did overwhelmingly support labor law reforms and there were no voices calling for an alternative (for instance an interventionist approach) approach to try to reduce unemployment. The upcoming membership in the EU created favorable conditions for deregulatory changes. The views expressed are those of the author and do not necessarily reflect official views of the World Bank. Table of content I. Introduction II. Selected Dimensions of Economic Restructuring II.A Privatization: Growth of Small Firms and Large Scale Privatization with Foreign Participation IIB. Size Distribution of Polish Enterprises IIC. Sectoral Changes of Employment III. The Development of the Polish Labor Market Since 1990 IV. The Main Features of the Polish Political System V. The Changes in Labor Market Regulations in Poland from 1989 till 2003 VA) Labor Law Reforms in the Years 1989-1990 VB) Labor Law Reforms in the Years 1995- 1996 VIC) Labor Law Reforms in the Years 2002-2003 VII.
    [Show full text]
  • Financial System Development in Poland 2002–2003
    Financial System Development in Poland 2002–2003 Warsaw, December 2004 Editors: Jacek Osiƒski Pawe∏ Wyczaƒski Dobies∏aw Tymoczko Agnieszka Gràt Authors: Miros∏aw Dusza Agnieszka Gràt Monika Józefowska Pawe∏ K∏osiewicz Daniel Kosicki Piotr Lutostaƒski Przemys∏aw Paprotny Ma∏gorzata Paw∏owska Aleksandra Pilecka Jerzy Ploch Miros∏awa Rutkowska Anna S∏awiƒska Pawe∏ Sobolewski Aleksandra Wytwer Translation: BTInfo Biuro T∏umaczeƒ Informatycznych Design & cover photo: Oliwka s.c. Print & Pre-print: Drukarnia NBP Published: National Bank of Poland Department of Information and Public Relations 00-919 Warszawa, Âwi´tokrzyska Street 11/21 Telefon (48 22) 653 23 35 Fax (48 22) 653 13 21 www.nbp.pl, www.nbportal.pl © Copyright by National Bank of Poland, 2005 Table of contents Summary . 5 Introduction . 9 1. Financial system of a market economy . .11 1.1. The role of the financial system in economy . 11 1.2. Financial system models . 12 2. Financial system in Poland . 17 2.1. Evolution of the size and structure of the financial system in Poland . 17 2.2. Comparison of the development level of financial systems in Poland and in other countries . 21 3. Regulations . 25 3.1. Introduction to the regulatory system . 25 3.2. Regulations influencing the financial services sector . 25 3.3. Regulations regarding the sector of banking and quasi-banking services . 29 3.4. Regulations regarding non-bank financial institutions . 31 3.5. Regulations regarding the capital market . 32 4. System infrastructure . 35 4.1. Regulatory and supervisory institutions . 35 4.2. Payment system . 38 4.2.1. Large-value interbank settlements .
    [Show full text]
  • October 2002
    Poland, Country Information Page 1 of 48 POLAND October 2002 Country Information and Policy Unit I SCOPE OF DOCUMENT II GEOGRAPHY III ECONOMY IV HISTORY V STATE STRUCTURES VIA HUMAN RIGHTS ISSUES VIB HUMAN RIGHTS - SPECIFIC GROUPS ANNEX A: CHRONOLOGY OF KEY EVENTS ANNEX B: POLITICAL ORGANISATIONS ANNEX C: PROMINENT PEOPLE ANNEX D: REFERENCES TO SOURCE MATERIAL 1. SCOPE OF DOCUMENT 1.1 This assessment has been produced by the Country Information and Policy Unit, Immigration and Nationality Directorate, Home Office, from information obtained from a wide variety of recognised sources. The document does not contain any Home Office opinion or policy. 1.2 The assessment has been prepared for background purposes for those involved in the asylum / human rights determination process. The information it contains is not exhaustive. It concentrates on the issues most commonly raised in asylum / human rights claims made in the United Kingdom. 1.3 The assessment is sourced throughout. It is intended to be used by caseworkers as a signpost to the source material, which has been made available to them. The vast majority of the source material is readily available in the public domain. 1.4 It is intended to revise the assessment on a six-monthly basis while the country remains within the top 35 asylum-seeker producing countries in the United Kingdom. 2. GEOGRAPHY http://194.203.40.90/ppage.asp?section=188&title=Poland%2C%20Country%20Informatio...n 11/25/2002 Poland, Country Information Page 2 of 48 2.1 Official name: The Republic of Poland. 2.2 Situated in central Europe.
    [Show full text]