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POLAND THE LAND OF
OPPORTUNITIES
Marlena Wysocka
TRADE & INVESTMENT PROMOTION SECTION
IN JOHANNESBURG
EMBASSY OF THE REPUBLIC OF POLAND
KZN EXPORT WEEK
29 October 2015
Poland - Key Facts
 Area:
312 700 sq km – 6th in European Union
 Population: 38 million – 6th in European Union
 Currency: Polish Zloty (1 USD ~ 3.8 PLN, 1 EUR ~ 4.2
PLN)
 GDP:
USD 548 billion in 2014 (World Bank)
USD 481,235 billion (PPP, 2015) – IMF
 GDP per capita: USD 13,730 (2014) – (World Bank)
USD 25,247 (PPP, 2014) – IMF
 GDP growth:
1.7% (2013) 3,4 % (2014), 3,5 (2015)
 Membership:
EU, NATO, OECD, WTO, Schengen
Zone
Economic forecast for Europe
Real GDP growth (%)
2013
2014
2015
EU27
0.0
1.8
1.1
Eurozone
-0.5
1.3
1.1
Germany
0.1
1.8
2.0
Poland
1.7
3.0
3.6
Czech Republic
-0.7
2.5
2.7
Slovak Republic
1.4
2.4
2.5
Hungary
1.5
3.2
2.5
Visegrad Group
0.9
2.8
2.6
Source: European Commission, European Economic Forecast, February 2015
Competitive Advantages
Location & economic fundamentals
 strategic location in the centre of Europe
 part of trans-European transportation corridor
 stable economic and political situation
 rapidly growing internal market
Attractive labor market
 young, well-educated, highly qualified workforce
 ca 11% of university students in the EU
 ca 450 universities & higher education schools
 high language proficiency
 increasing labour productivity
Appealing
investment
incentives
 tax exemptions in 14 Special
Economic Zones
 local tax reliefs
 government grants
 EU grants
Prizewinner(s): Peter Dröll, Michał
Bączyk, Paweł Czyż (Poland), Lina
Tomasella, Mario Monti
Prizewinner(s): Peter Dröll,
Dominika Bakalarz, Joanna
Jurek (Poland), Lina
Tomasella, Mario Monti
TOP 10 (USD)
South Africa is the biggest trade partner
of Poland in Africa,the trade volume
amounted to 993,5 mln USD
in 2014, taking into account the
existing trade potential the trade
turnover could reach approx. 5 bln USD
in 2020.
IMPORT 2014
BADER POLSKA - leather production
BIMARO – fruit and vegetables
EAST WEST SPINNING - woolen yarn, spinning mill
FRESH WORLD-INTERNATIONAL - fruit and vegetables
GUALA CLOSURES DGS POLAND - manufacturer of a
wide range of closures for glass containers.
LEAR CORPORATION POLAND – car components
MARBLE & QUARTZITE POLSKA
NORDGLASS - producer of windscreens for the
automotive sector, railway and shipping industry
SVIMPEX - granite
VOLKSWAGEN MOTOR POLSKA
EXPORT 2014
 3M WROCŁAW – Industrial Adhesive and Tapes
Division (IATD) plant
 FAURECIA LEGNICA – global automotive
industry
 KLINGSPOR – abrasive technology
 LEAR CORPORATION POLAND II – car
components
 TOYOTA TSUSHO EUROPE – global automotive
industry
 TRW POLSKA – Active & Passive Safety
Technology
 VOLVO POLSKA – global automotive industry
 ALSTOM POWER – power generation, grid, and
transport sectors
 ARCELORMITTAL POLAND – steel products
 AVON OPERATIONS – cosmetics
Sectors
more about energy…
Coal remains the most important raw material (hard coal and
lignite); it accounts for 80% of the energy produced in Poland.
The next sources in line are peat and wood (6.6%),
Natural gas (high-methane natural gas and high-nitrogen
natural gas, jointly 5.3%),
Solid waste fuels (3%) and industrial waste (2%).
IT
The Polish IT market is the second largest market
in the East-Central Europe.
Industries that, due to their expenditure, have contributed to
such a high level of IT market growth in Poland for several
years include:
•
•
•
•
telecommunications
financial sector
industrial production sector
local and central level administration
FASHION
Vistula Group
Ferax
Corin
Axami
GATTA
From mining to construction
Polish Copper Plc /KGHM Polska Miedź/; Public Company; 28,884 employees,
product: copper, silver, gold, lead, zink, sulphuric acid, Revenue: US$ 4,8 bilion.
One of the largest producers of copper and silver in the world. The mining &
metallurgy company is based in Poland in Lubin. KGHM International is a
subsidiary of KGHM Polska Miedź with operations in the USA, Canada, and Chile.
Currently opened the Sierra Gorda copper-molybdenum in Chile and progression
of the Victoria Project, a polymetallic project, in Sudbury, Ontario.
Poland set to promote food exports
Doing Business 2015
32 rank globally
• Trading across borders rank 41
• Getting a credit rank 17
• Enforcing contracts rank 52
• Improving business climate
Special Economic Zones
Definition
• a special economic zone (SEZ) is a designated area in which manufacturing or
distribution activities can be conducted on preferential terms
• 14 SEZ in Poland, with several subzones
The purpose
• support regional development
Total area
• up to 20 000 hectares
Time of operation
• 31st December 2026
Permits to conduct activities in SEZ
• issued by the authorities of each SEZ
Minimum investment required :
• 100,000 EUR
Benefits from obtaining a permit to conduct activities in SEZ :
•
eligibility for income tax exemption
•
plot of land prepared for an investment project
•
free assistance in dealing with formalities relating to the investment
project
Tax rates
Corporate Income Tax (CIT) rate: 19%
Personal Income Tax (PIT) rate: 18% and 32%
Value added tax (VAT):
•basic rate: 23%
•reduced rates: 8%, 5%
•export rate: 0%
Social Security Tax paid by employer: between 19.48%
and 22.67%
State investment support
• CIT exemption in Special Economic Zone
only available in Special Economic Zone (SEZ)
• Government grants through individual negotiations
individually approved and granted by the
Ministry of the Economy
• Real estate tax exemption
subject to negotiation with the local authorities
only in case if the investor is the owner of the building
(provided by the Commune Council)
• Cash grants available through EU Funds
subject to negotiation with different managing
institutions depending on the investment project key parameters
All above presented instruments can be combined together however the total
amount of state aid cannot exceed the maximum aid intensity
Poland official websites
POLAND OFFICIAL WEBSITE
http://www.polska.pl/en/
POLISH TRADE
https://polska.trade.gov.pl/en/
TRAVEL TO POLAND
http://www.poland.travel/en
INVEST in POLAND
http://www.paiz.gov.pl/en
https://www.youtube.com/watch?v=Qbu_FRg8vuU
THANK YOU VERY MUCH FOR YOUR
ATTENTION
Marlena Wysocka
Trade and lnvestment Promotion Section
Embassy of Poland in Johannesburg
[email protected]
[email protected]
Tel. (+27) 11 788 6597, fax (+27) 442 5375
Postal address: PO Box 1547, Houghton 2041,
Johannesburg, South Africa
www.trade.gov.pl