POLAND Modern and Strong Economy
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1 POLAND Modern and Strong Economy Business opportunities for Korean companies in Poland Consulate General of the Republic of Poland in Istanbul Mr Grzegorz Rybarski 1st Counsellor/Consul Filip Hewelke Embassy of Poland, Seoul
2 Poland introduction Poland is located in Central Europe over 2000 km from Turkey About 20 hours by road or 2,5 hour by air
3 Poland introduction POLAND - Natural environment diversity
4 Poland introduction POLAND - Four seasons - like in Turkey
5 Poland introduction Poland Basic Data Area: Population: 312,700 sq.km (6th in EU, after FRA, ESP, SWE, GER, FIN) 38,4 million (6th in EU, after GER, FRA, GBR, ITA, ESP) Birth rate: 9,7/1000 population; Population Growth: 0,0% Urbanization: Language: Currency: 61% of population live in the cities Polish Polish Złoty (1 PLN 0.25 EUR, 0,75 TRY)
6 Poland introduction POLAND - Population density Average 123 p/km2
7 Poland introduction Administrative map: 3 levels of subdivision - 16 voivodships powiats gminas Capital city: Warszawa 1,8 mln (Warsaw) Other major Polish cities: Kraków (0,8 mln), Gdańsk (0,5 mln), Poznań (0,55 mln), Wrocław (0,65 mln), Szczecin (0,45 mln), Łódź (0,7 mln).
8 Poland introduction Legislative Authority: The Parliament Lower House Sejm Upper House - Senat
9 Poland introduction Executive Authority: The Council of Ministers (The Government) > Prime Minister > 3 Deputy Prime Ministers (they are also Ministers) > 16 Ministers
10 Poland introduction POLAND: Last 25 Years on the International Stage
11 Poland Key Economic Facts Macroeconomic Data (2015) GDP nominal value (IMF): 548 bln USD (6th in the EU, 23rd in the World) GDP per capita (IMF): 25,250 USD (PPP); USD (current prices) GDP growth: 3,6 % GDP structure: - agriculture - 3,4 % - industry - 33,6% - services - 63,0%
12 ICE -9.2 GDP growth in the years (%) NOR -0.2 SWE -1.5 FIN -4.7 EST LTV RUS 0.5 Polish economy was the fastest growing in Europe even during the financial crisis. IRE PRT -1.1 ESP -3.1 GBR -3.4 DEN -3.4 NTL -0.5 GER BEL 0.2 CZE 0.6 LUX 0.9 SLV 5.4 FRA -0.9 SUI 2.6 ITA -5.3 POLAND MLT 3.9 LIT AUT 0.0 HUN -4.9 ROM -2.2 SLO -3.7 CRO -5.3 n.d. n.d. n.d. n.d. n.d. n.d. BUL 0.9. GRE -4.9 n.d. n.d. TUR 3.5 CYP 2.3 Source: OECD, Eurostat
13 Poland Key Economic Facts Macroeconomic Data (2015) Unemployment rate: 9,8% Employment rate: 64,3% Consumer Prices Index (CPI): - 0,9% Private sector share in GDP: 80% Average salary: USD (885 EUR)
14 Poland Key Economic Facts Macroeconomic Data (2015) Current account balance: 764 mln EUR (I 2016) Budget deficit: about 15 bln USD ( 3% of GDP) Public debt: about 260 bln USD (50% of GDP)
15 Poland Key Economic Facts Macroeconomic Data (2015) Foreign trade turnover: 353,7 bln EUR (400 bln USD); + 7,6% Export value: 178,7 bln EUR (202 bln USD); + 9,6% Import value: 175,0 bln EUR (198 bln USD); + 5,7% Trade balance: + 3,7 bln EUR (+ 4,0 bln USD)
16 Poland - main trade partners (share in %) Export markets Germany 26.0 France 6.8 United Kingdom 6.2 Italy 6.1 Czech Republic 6.0 Russia 4.3 Netherlands 4.2 Sweden 2.9 Spain 2.7 Ukraine 2.5 Other 32.3 Import markets Germany 21.7 Russia 10.5 China 9.5 Italy 5.7 France 4.3 Netherlands 3.6 Czech Republic 3.6 Republic of Korea 2.8 United Kingdom 2.7 USA 2.6 Other 33.0 Almost 80% of Polish export goods go to the other EU member countries Source: Polish Ministry of Economy Development
17 Why Poland? - Location > strategic location in central Europe > close neighbour of large economies > over 38 mln consumers in Poland > 550 mln consumers within 2,000 km radius
18 Why Poland? EU membership > access to the single market > free movement of people, goods and services, > Polish law harmonized with the EU regulations, > fast improvement of infrastructure, > direct access to European Funds.
19 Why Poland? labour force > young, well-educated people > 11% of EU university students are Polish > 455 universities & higher education schools > language proficiency > increasing labour productivity
20 Investment climate Corporate Income Tax (CIT) and Personal Income Tax (PIT) in Europe COUNTRY Max Corporate Max Personal Income Tax Income Tax Belgium 34% 50% France 33% 49% Germany 32% 45% Italy 31% 45% Greece 29% 46% Spain 28% 42% Austria 25% 50% Sweden 22% 56% Denmark 22% 56% Slovakia 22% 25% UK 20% 47% Turkey 20% 35% Poland 19% 32% Czech Republic 19% 22%
21 Investment climate - infrastructure Infrastructure has been developed in Poland intensively during last 25 years
22 Investment climate Good Perception of Poland According to International Corporate Executives Poland is the Most Attractive FDI Destinations among New EU Countries Source: AT Kearney 2015 FDI Confidence Index
23 Investment climate FDI flows to Poland in (billion EUR) Till 2014 total amount of about EUR 172 billion has flown into Poland
24 Global Service Centres Tricity Szczecin Olsztyn Poznań Warszawa Wrocław Katowice Łódź Lublin Bielsko-Biała Kraków
25 International R & D Centres Gdańsk Bydgoszcz Poznań Warszawa Zielona Góra Garwolin Wrocław Bielawa Bielsko- Biała Częstochowa Kraków
26 Republic of Poland and Republic of Turkey established diplomatic relations in 1414, so this year we celebrate 602nd Anniversary
27 Poland Modern and Strong Economy Thank you very much for attention Grzegorz Rybarski 1st Counsellor/Consul
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