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• Business opportunities in Poland
• Dawid Tomaszewski
• Political-Economic Section
• Embassy of the Republic of Poland
• Jelgava, December 01, 2010

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(No Transcript)
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Poland - Key Facts
Area 322 575 sq km 6th in European
Union Population 38,12 million 6th in
European Union Currency Polish Zloty (1 EUR
4.00 PLN) 1 LVL 5.55 PLN) GDP
growth 6.7 (2007), 4.8 (2008), 1.7
(2009) Membership EU, NATO, OECD, WTO, Schengen
Zone
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Stable and fast economic growth (GDP in bn USD)
Source International Monetary Found, World
Economic Outlook Database, Oct 2007
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Competitive Advantages

• Location economic fundamentals
• strategic location in continental Europe
• part of trans-european transportation
  corridor
• the only country with the positive GDP growth
  in 2009 in EU (1.7)
• 38 million of consumers

1000 km radius 250 mn people

• Labor force
• young, well-educated work force
• ca 11 of university students in the EU
• 456 universities high education schools

• Investment incentives
• 14 Special Economic Zones
• over 110 bn USD from EU

2000 km radius 550 mn people
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Poland Encouraging Macro-economic Picture

• GDP growth
• 4.8 in 2008 vs 0.8 in the EU
• 1.7 in 2009 vs -4.2 in the EU
• 2.2 forecasted in Poland vs0.7 in the EU for
  2010 (IMF)
• domestic demand - the main factor behind the
  growth

GDP growth rate
Inflation (CPI) and interest rates

• Inflation
• 4.0 in 2009 vs 1.0 in EU
• direct inflation targeting since 1999 - target
  of 2.5 /-1

Source Ministry of Finance, NBP, Eurostat 2010
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Velvet crisis in Poland
Poland is much less affected by the
crisisthan neighbouring countries

• Reasons according to Prof. Leszek
  Balcerowicz
• Stricter banks credit policies before crisis
  compared to other countries
• No dynamic growth of foreign debt as in other
  countries
• Financial instruments far less sophisticated as
  in the USA
• Smaller influence of stock market on the economy
  than in the USA
• Falling natural resources prices

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Poland Falling Unemployment
Over 20
10/201011.5
Source GUS 2010
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Study in Poland
Main academic centers
Source Polish Statistical Office 2009
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Knowledge of Foreign Languages

• 57 Poles is able to speak at least one foreign
  language,
• 32 of Poles speak two,
• 4 - three languages.
• Similar situation in EU
• 56 of EU citizens speak one foreign language,
• 28 - two languages.

Percentage of young Poles speaking foreign
languages
Learning of foreign languages is obligatory in
the Polish education system
Source Eurostat 2006, TNS Opinion Social (UK)
December 2006, Ranstadt 2008
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Special Economic Zones
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Road network in Poland, 2006
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EURO 2012 in Poland
Gdansk
Poznan
Warszawa
Wroclaw
Ukraine

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Road network, 2012.
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Cooperation

• Polish export to Latvia in 2009 was 551,81 ml EUR
• Polish import from Latvia in 2009 was 125,10 ml
  EUR
• (balance 426,71 ml EUR 4,4x)
• Export to Latvia in January-June 2010 was 304,26
  ml EUR
• Import from Latvia January-June 2010 was 79,12 ml
  EUR
• (balance 225,14 ml EUR 3,8x)
• Dynamics in January-June 2010 was 114
• (import and export)

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Polish export to Latvia (January-August
2010)Poland 4 on the list of Latvian import
partners
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Polish import from Latvia (January-August
2010)Poland 6 on the list of Latvian export
partners
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Investment

• Polish FDI stock to Latvia in the end of IIQ of
  2010 was 5,83 ml EUR (3,41 ml EUR in wholesale
  and retail trade, 1,99 ml EUR in manufacturing
  and 0,43 ml EUR in real estate)
• Latvian FDI stock to Poland in the end of IIQ
  2010 was 32,73 ml EUR (all in wholesale and
  retail trade)
• Source Bank of Latvia

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Who we are?How to get information?
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Thank you for your attention
Embassy of the Republic of Poland Political-Econom
ic Section Riga, Mednieku iela 6b, 1010 LV tel.
(371) 6703 15 24, fax [phone] e-mail
weh_at_poltrade.lv www.poltrade.lv