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Country Presentation - Poland SICC 2009 Poland and its leadership role in Central / Eastern Europe 19th of March, 2009 Aleksander Jóźwik Justyna Kowalczyk Agata Rundo Tomasz Zacharski Agenda AGENDA 1. Basic Data 2. Contemporary issues Economic Crisis European Football Championships 2012 American Anti-Missile Shield 3. Poland as an attractive Business location Agenda AGENDA 1. Basic Data 2. Contemporary issues Economic Crisis European Football Championships 2012 American Anti-Missile Shield 3. Poland as an attractive Business location Addresing the common misconception… POLAND …about Polar Bears walking on Polish streets. POLAR Addresing the common misconception… Average Temperature in Poland is about 20OC Average Temperature in the North Pole is about -20OC POLAND Basic information about Poland Poland has a slightly greater population than Canada and is the 6th largest country in the European Union. It’s GDP of ~$550b is comparable to the one of Ontario. BASIC DATA • A very homogenic nation • Population: 38m people • Size: 300.000 km2 • GDP: $550b • Dynamic growth (5,4 %) SIZE COMPARISON POLAND AND ONTARIO Fun facts about Poland Fun facts about Poland Fun facts about Poland Fun facts about Poland Fun facts about Poland Fun facts about Poland Fun facts about Poland Agenda AGENDA 1. Basic Data 2. Contemporary issues Economic Crisis European Football Championships 2012 American Anti-Missile Shield 3. Poland as an attractive Business location Summary of Poland’s Economic Situation Poland, while experiencing problems with the credit crunch and export breakdown, remains relatively resistant to the effects of the economic crisis POLAND – ECONOMIC OUTLOOK -4,0% -2,3% +2,0% +1,7% -1,8% +2,7% +1,8% +1,8% • Polish banking system was relatively underdeveloped at the moment of the credit crunch (banking assets <75% of GDP), which softened the blow during the crisis • Poland has a big internal market and enterprises are used to funding investments through equity rather than debt • Currently Poland struggles to distinguish itself from the crisis-struck CEE in the eyes of the investors • Polish government is determined on tight fiscal policy and providing additional incentives for business After the crisis Poland may well rise as the best standing economy in Central & Eastern Europe. Information about the EURO 2012 Football Championships Football European Cup 2012 (hosted by Poland and Ukraine) is currently the biggest infrastructure project in CEE, with over 38b EUR to be spent in 2008-2012 • • • Considered one of the most important sport events in Europe – held for the first time in CEE region • Generally considered the most ambitious project in Polish post-transition history • Total value of the project amounts to b38 EUR, in areas such as: roads, hotels, sport facilities, etc. At the moment Poland is managing to keep up with deadlines for the majority of its projects (still problems with road and aviation infrastructure) Ukraine is currently facing big problems due to economic crisis and political instability talks of shifting the Euro from Ukraine to Germany The Anti-Missile Shield Project The most delicate political issue in Poland at the moment is the US anti-missile defence system which will be located in Poland and Czech Republic • While it was designed to repel the nuclear threats of Iran and North Korea, the system is considered a threat by Russia, which fears it could be used against its strategic nuclear forces – thus threatening the status quo between both countries • Recently Russian authorities threatened that they will locate more of their strategic missiles in the Kaliningrad region if Poland and USA will continue their anti-missile shield project • While the agreement regarding the placement of the anti-missile system was signed between USA and Poland last year, there are discussions whether the Obama administration will back off from the deal Agenda AGENDA 1. Basic Data 2. Contemporary issues Economic Crisis European Football Championships 2012 American Anti-Missile Shield 3. Poland as an attractive Business location European Attractiveness Survey Poland is still one of the most intended locations of investment projects in Europe. Source: Ernst & Young, „European Attractiveness Survey” 2005 Annual hours of work across the world Although Poles are hard-working and determined to succeed... Source: OECD, Employment Outlook 2006 Wage structure in Poland ...wages in Poland are still among the lowest in Europe. Labor cost per hour in 2006 (USD) Average monthly gross wage in EUR 700 650 600 550 500 450 400 350 300 1999 2000 Poland Source: EIU 2006 2001 2002 Czech Rep. 2003 2004 2005 Hungary Source: Statistical Offices Labor costs in Poland equal to about one fifth of the Western Europe ones Since 2003 labor costs in Czech Republic are higher than in Poland Business Process Offshoring Poland has multiple academic and business centers, which assured balanced development of the country According to PAIiIZ information there are 35 BPOs located in Poland. Gdańsk Olsztyn Szczecin Scope of activities: finance and accounting, HR, logistics, CRM. Warsaw Total employment: 6,500 people. Poznań Gądki Examples: Łódź Piaseczno Wrocław Dąbrowa Górnicza Kraków Bielsko-Biała ≤2 3-4 5-6 7> NUMBER OF CENTERS Research & Development Centers Similarly, R&D centers are spread throughout the country, mainly next to main academic and scientific sites There are 40 R&D centers created by foreign investors in Poland. They totaly employ over 4500 people. Gdańsk Szczecin The biggest SSC belong to and serves: Warsaw: Bydgoszcz Radzymin Gorzów Wielkopolski Warszawa Poznań Garwolin Zielona Góra Krakow: Wrocław Bielawa Częstochowa Gliwice Kielce Kraków Katowice Wrocław: Bielsko-Biała NUMBER OF CENTERS Skawina Key sectors and locations in Poland Even spread of business centers across Poland allowed for the entry of various industry giants Electrical Machinery & Apparatus • Average gross wage rate: 510 EUR (average wage for engineers 820 EUR). • Employment: 73 000 persons. • Number of foreign companies: 39 Machinery & Equipment •Average gross wage rate: 520 EUR (average wage for engineers - 820 EUR). • Employment: 138 600 persons. • Number of foreign companies: 36. Automotive •Average gross wage rate: 500 EUR (average wage for engineers – 710830 EUR). Metallurgy & Metal • Average gross wage rate: 570 • Employment: 120 000 persons. EUR (average wage for engineers 820 EUR). • Number of foreign companies: 300 (Tier 1 + Tier 2). • Employment: 176 700 persons. Source: Central Statistical Office, AG „Test” 2004 • Number of foreign companies: 50 General Electric case GE started operation in Poland in 1992 and have invested since then $400 mln assuring jobs to 6000 emlpoyees Attractiveness Criteria Big domestic market Talent pool Pricing Mobility of workforce Engineering competencies General Electric Showcase GE Money Bank Variety of operations: banking, production, R&D 3 factories GE Power Control Warsaw, Gdansk, Wroclaw, Lodz, Bielsko-Biala Engineering Design Centre (Warsaw), Project Centre GE Security (Gdansk) THANK YOU!