Download Slide 1

Survey
yes no Was this document useful for you?
   Thank you for your participation!

* Your assessment is very important for improving the workof artificial intelligence, which forms the content of this project

Document related concepts
no text concepts found
Transcript
Mark Hofman
•
Overthrew communist rule in 1989
•
Joined the European Union in 2004
•
Population of 40 million
•
6th largest economy in the European Union
•
Ranked of “Very High Human Development” 1
•
Polish gross national income (GNI) per capita €13,276 1

Hungary (2005 - 2011) €12,613 1

Slovakia (2005 - 2011) €15,214 1

Czech Republic (2005 – 2011) €16,285 1
United Nations: Human Development Index 2011
1 http://hdr.undp.org/en/media/HDR_2011_EN_Table1.pdf
•
GDP: (purchasing power parity) €580.9 billion (21st) 2
•
Exports have grown from €40.19 billon - €112.7 billon (2001 – 2011)
•
Imports have grown from €56.03 billion – €124.3 billion (2001 – 2011) 3
•
Agricultural products: potatoes, fruits, vegetables, wheat, poultry, eggs,
pork, dairy
•
Core Industries: machine building, iron and steel, coal mining,
chemicals, shipbuilding, food processing, glass, beverages, textiles, rubber,
electronic, plastics
CIA World Factbook
2 https://www.cia.gov/library/publications/the-world-factbook/geos/pl.html
Invest in Poland
3 http://www.paiz.gov.pl/poland_in_figures
•
In 2010 total bilateral Polish - British trade was worth €11.4 billion
•
Polish imports from Britain totalled €4.29 billion
•
Polish exports to Britain reached €7.11 billion
•
The UK exports as many goods to Poland as to India
•
More goods are exported from Britain to Poland than to Australia, Russia or
Turkey
•
Britain is Poland's 3rd largest export market (after Germany & France)
•
300 flights per week between the Britain – Poland & 2 direct
freight trains between Wroclaw and London
4. UK Trade & Investment
http://www.ukti.gov.uk/de_de/uktihome/search.html?search=poland&sort=ByScore
• Poland is ranked the worlds 6th most attractive investment location 5
• The Polish economy grew 4.3% in 2011 and has so far stayed out recession 6
• In recent years the Polish economy has been developing at twice the rate of
Western Europe
• Young well educated workforce, many of whom speak English
• A strong strategic location at the heart of Europe and mid-way point for the
historic Berlin – Moscow trade route
• Competitive labour costs and a large internal market
• Poland has a stable market orientated multi – party democracy
5 United Nations Conference on Trade & Development: World Investment Report 2011
http://www.unctad.org/Templates/Page.asp?intItemID=1465&lang=1
6 Invest in Poland
http://www.paiz.gov.pl/invest_in_poland
• Corporate income tax is 19%
• Personal income tax is in two bands – 18% and 32%
• Basic rate of VAT is 23%, which applies to majority of goods and services
• 5% - 8% VAT rate for many everyday items
• 0% VAT for export goods, international transport services and intra –
community supply of goods
• Total of 9 direct and 3 indirect taxes
7 Krakow Info
http://www.krakow-info.com/taxes.htm
• Local authorities can provide grants and tax incentives for investors
• Subsidies co – financed with the EU’s structural funds, worth €67 billion – 2013
• 14 Special Economic Zones offering exemption from income tax, real estate tax,
subsidies for hiring the unemployed and employee training
• Polish government is offering generous incentives for investors in the following
sectors:
• Automotive
• Aviation
• Machinery & steel industry
• Service centres
• R&D
•IT
• Telecommunications
8 Invest in Poland
http://www.paiz.gov.pl/publications/about_poland
• Energy
• Biotechnology
• Electronics
• Domestic appliance market
• Boat building
• Industrial design
• British Polish Chamber of Commerce
• Invest in Poland Agency (Palilz)
• Polish Agency for Enterprise Development (PARP) (SME’s)
• UK Trade & Investment Poland
• Enterprise Europe Network
• Warsaw Chamber of Commerce
• Warsaw Business Journal (Market trends and economic forecasts)
• Point to Point Export Services (Private sector)
Mark Hofman