Poland Investment Newsletter (Issue 286-290)

Date: Sep 2012

Further meetings of the Polish delegation in China

The Polish delegation has been stayed in China since July 22nd. Under the mission organized by PAIiIZ and Ministry of Transport, Construction and Maritme Economy (MTBiGM), the meetings with major organizations, the Chinese think-tank, and the visit to Inner Mongolia autonomous region have been held.

On July 26th, the delegation met with the Center of the State Council Research Development (DRC) and a team of advisors of the State Council - the largest Chinese think-tanks. The meetings were associated with study visit of Chinese heads of advisory teams to Poland, to be held in August this year at the invitation of PAIiIZ.

On July 27th, members of the Polish delegation met with the General Director of the Department of Commerce in Heilongjiang Province, which ranks second in China in terms of the railways. July 27 members of the Polish delegation met with the Director General of the Department of Commerce Heilongjiang Province, which ranks second in China in terms of the railways. So far, the provincial government has approved two Polish investment projects to be implemented in the region. Potential areas of cooperation between Poland and Heilongjiang are also the agricultural logistics, construction and agricultural equipment, hi-tech, food processing, chemicals and automotive.

In the last days of the visit to China, the Polish delegation attended meetings in Hohhot, Baotou and Ordos - the cities of Inner Mongolia Autonomous Region. On July 28th the mission participated in an investment seminar in Hohhot, which was attended by about 20 Chinese companies, representatives of the PRC government and provincial authorities. Members of the Polish delegation presented the investment climate in Poland and the potential of the Polish dairy sector, as well as mining, chemical and metal industries. After the seminar the meeting with representatives of Yili Industrial Group was held - China's largest dairy company.

On July 29th, the delegation visited the city of Baotou where met with Baotou Steel Industrial Economic & Trading and the Rare Earth Group, as well as Vice Mayor of the City.

On July 30th, in Ordos city another seminar on the promotion of Polish investment projects was held. Approximately 40 entrepreneurs and Vice Mayor of the City of Ordos attended the meeting. The Ordos city is one of 20 major cities in China. The wealth of the city is wool and cashmere, coal, 33 kinds of mineral resources and gas reserves. Participants of the seminar were mainly interested in the subject of railways, automobiles, cashmere, privatization and investment in energy.

The meetings of the Polish delegation in Inner Mongolia were the aftermath of the visit of Deputy Governor Mr. Yiyang in Poland. The aims of meetings were to emphasize that the Polish-Chinese relations are not confined to the eastern coast of China, and that the Polish party wishes to actively cooperate with the entire country. (PAIiIZ)

144 projects and over 34,000 new jobs

A total of 34,658 jobs may create investors are currently serviced by PAIiIZ. 144 projects are worth a total EUR 5.4 billion.

Since the last overview has not changed the forefront of countries representing the majority of investors led by the Agency. 34 U.S. investments are worth EUR 748 million and may create 6,349 jobs. On the second place is Germany with 17 investments (EUR 450 million, 4,350 jobs), the third United Kingdom (15 projects, EUR 192 million, 3,099 jobs), the next China (10 projects) and France (8 projects).

There is also no change in the list of the most popular sectors, where automotive sector still dominates (30 projects worth EUR 1.7 million, 12,679 jobs), business services BPO sector (26 projects worth EUR 29 million, 6,643 jobs), R & D and ICT (10 projects each) and engineering (9 investments).

In 2012 PAIiIZ has completed 31 projects worth a total of over EUR 902 million. These investments will create 5,928 new jobs over the coming years. (PAIiIZ)

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