According to representatives of International Monetary Fund, notwithstanding international situation, Poland is doing better than expected.
During a press conference IMF experts claimed that better result are due to robust condition of Poland's Economy, reforms and macroeconomic management.
Julie Kozak, an IMF representative, said that Economic growth of Poland corresponded to the forecast for this year's growth at 2.6 percent. She reckons that the risks are connected with external factors.
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The first point is that a mission is prepared in a short written form. Very often a mission statement is given as an basic information about the firm in the firm presentation, prospectus or webpage.
Second important issue which is visible in many definition is that the mission statement should basically describe the purpose of existence of the organization. In other words answer on the question why the organization was created, what was the purpose of this.
Furthermore the mission statement should give a idea about the business. In other words what the firm is doing for a living. Moreover it is good, when it provides some key information like type of markets, customers, kind of activities which the company is specializing in.
9livesdata, Psiloc, Digital Core Design or PlanetSoft are examples of polish Companies that are small, but successful on global market. We do not have Facebook nor Google. We are not country of newer iPad or Nokia. However it does not mean that polish entrepreneurs from new technology market cannot conquer global markets and international deals. Such innovative comes are relatively rare, but successful. Those companies which are bare not known in their country are usually best in their own niches. The y have common feature- they bid on global success and do not have even polish language on their web sites.
“By establishing new company, I wanted to be economical patriot and operate on local market. However, shortly it become clear that there is no need for our products here. Thats why we came outside to global market”, Marek Filipiak, Psiloc president says, Psiloc offers various mobile solutions for enterprises.
Their main partner is telecommunication giant Nokia, and application made be them “word Traveler, is used by 9.5 million client around the world.
Polish company Ammono has became a laureate of prestigious contest of CS Industry Awards. It an equivalent of Oscar for last year-best product in electronic industry.
The prise was given by popular "Compound Semiconductor" magazine based on Internet voting. This year in main prize in material and base category Ammona was nominated for best method in receiving GaN mono crystals– semiconductor, better than silicon.
Katowice, Lublin and Cracow have best strategies of attaching investors. In European Cities and Regions of the Future 2012/2013, prepared by FDI Intelligence Poland significantly promoted. In category of best strategies of acquiring investments in Eastern Europe on first three places were classified Katowice, Cracow and Lublin. On 10th rank the Moscow was classified..
253 cities and 110 regions took part in the research on acquiring direct foreign investments. Among others, economic potential , human capital, cost effectiveness, quality of life, infrastructure and business friendliness, In general ran containing all categories and whole Europe the biggest jump noted Warsaw- one rank up to 21st place. From Eastern Europe Warsaw was classified on third place and in 4th in business friendliness in European category. This means that in time of deep crisis, our cities began to acquire investors more efficient than their European competitors. According to counseling experts it is result of good look of investment attractiveness of Poland as a country.
Graphene, material of the future, can really change our civilization. Polish scientists know already how it can be produced. Unfortunately Polish government have not take this chance yet.
Imagine: a blue sheet of paper which lays on the table starts to ring and changes into alarm clock. You get up and pick up this sheet of paper to turn it to the hand clock. Then you go to the work, so you turn it into the GPS navigation. Impossible? Well, maybe it is.
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InPost, private post will invest In next four years nearly 300 million euros. This year, it is going to take over next 4% of post market in Poland. The Chief of polish logistics company, Rafał Brzozka explained that until 2016, InPost is going to increase the number of its post vending machines of 16 000. “We are finalizing talks with large private equity fund, the agreement should be signed in February.” - Mr. Brzoska says. The number is not stated so far. Minimal plan is to mount 2000 devices.
Biggest investments in electricity industry, planned until 2010 will be launched next year. Tauron keeps its plans. Big soundings will be released probably in 2012. Most important for Tauron is to build a new energy coal of 910 MW block in Jaworzno. Costs of this investment is estimated on over 6 billion zloty. „We expect that contractor will be chosen in the middle of next year” – Dariusz Lubera, Tauron president says.
In first months of 2012, the auction for contractor will be resolved in Stalowa Wola. Building a new gas-power unit will consume c.a. 1.7-1.9 billions zloty. However after opening the envelopes, it turned out that costs can be lower. Cheapest offer was on 1.57 billion. Prices are better for investors, but the price is only a one of many indicators to chooose a contractor. Also PGE will start its works in Opole next year. It is one of flag-investments of this company. In November, the company chose the general contractor of two 900 MW energy units.
400 mln euro will spend investors from Luxemburg for a realization of the project of gigantic amusement park in Grodzisk Mazowiecki.
Soon, for a young Poles the Parisian Disneyland will not be longer a dream trip. Roller coasters, water slides and fairytale castles will be situated also 40 km from Warsaw.
Janusz Zakręcki, the president of PZL Mielec&Sikorsky Company, enumerates the advantages of Polish localization for American innovation’s centres: twice or even three times lower labour costs of Polish constructors, availability of well- educated staff of engineers, opportunities for subsidy for technological projects from state or EU sources. Hamilton has already started its innovative investments. Hamilton Sundstrand, construction centre employing 350 engineers is being built in the location of previous Hydral (present PZL Wrocław), which was taken over this year. 100 more constructors, specialists of auxiliary aircraft engines are hired in another factory, namely HS in Rzeszów. – The new products will be manufactured from the very beginning and then tested in innovative development centres. Next, they are going to reach Polish production in factories or foreign UTC’s sites, as Roman Staszewski, the president of Hamilton Standard in Podkarpacie declares.
President Darecki reminds that currently 350 scientists from 15 technical universities and engineers from many companies are working coherently on some new production technologies of materials and their processing for aviation. They are involved in biggest programme supported by state (worth 80 mln PLN) . Aeronet initiative meets against UTC’s plans. Last year the corporation spent 3.6 billion dollars on research and development. In the near future, starting from the next year, quite a considerable part of this delicacy will hit the land of Vistula.
United Technologies Corp., American concern, whose last year sale reached 54.3 billion dollars, is going to build the aerial innovation’s centres in Poland. In fact, final decisions are to be made in the near future.
The investments we talk about are worth millions of dollars and involve orders for laboratories, research groups in the leading universities of technology, subsequently, technological services‘ export.
American conglomeration (besides aviation, it deals with fire protection and security systems, as well as cranes, lifts and communicative devices) whose income in 2010 was 4.4 billion and which employ over 200 thousand specialists in 71 countries, was satisfied with business being done in Poland. Consequently, it aspires to bring the cooperation to the higher level.
In fact, the companies from UTC group already constitute the country potentates. PZL Mielec – Sikorsky Aircraft constructs Black Hawk helicopters, WSK from Rzeszów produces aircraft propulsions, Pratt&Whitney Kalisz supplies engine components, PZL Wrocław- Hamilton Sundstrand deals with hydraulics’ elements, as well as navigation systems.
In three years Chinese are going to spend in Poland nearly 300 million euro. This year, Polish agency of Information Foreign Investment (PAIFI) will finalize projects of 80 million euro. Acquiring investments is difficult because of weak promotion of Polish market. The agency negotiates the contract that assumes the growth to 200-300 million euro with Chinese governmental authorities. It would be a great jump. Projects finalized by PAIFI were worth almost 30 million euro. Those from 2009 only 10 million.
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The sector plans a billion- dollar investment . Biggest air craft companies have already aquired old factories or build new ones. First place is occupied by US company -United Technologies Corporation (UTC).
Hundreds millions of zlotys were spent by new owners for modernization of local factories like PZL Swidnik – Italian-British helicopter corporation Agusta Westland. Similarly, Italian Avio, which owns rapid developing site in Bielsko-Biala. Engineering centre, currently under the development stage, is expanded near the Warsaw by General Electric. Others are Bavarian MTU in Rzeszow, French corporation Hispano Suiza (Sedziszow Mazowiecki) and Airbus Military.
Whole last week investors were interested only in EU summit. Counting on clear plans for Greece crisis, Monday was a day of aggressive buying. When in Thursday it turned out that half of debt of his country will be erased, and EFSF fund will be subsidized by 1 billion euro, the floors exploded with euphoria. Around the globe the indexes jumped.
This reaction is a paradox itself. In normal conditions a news that some bank would bring loses, - like those which own Greece bonds – would cause a deep fall on markets. Now it causes an euphoria. Developing countries are back in the game. The index of developing countries rose this week at level 9%. It is the best result for nearly may 2009 and one of the best in whole 20-year history of the index.
However biggest stock markets were in the spotlight. The capital flew to Brazilian, Chinese, Indian and Russian (BRIC) markets. Between these the WSE was present. WIG20 got 4.5%, but analysts cool down the buzz. It can be only a temporary , technical jump, and in next week we can expect wide sales.
One zloty, invested In Poland by foreign investors one year ago, gave 7.5% of ROI – the report of Polish National Bank says. As for crisis time it is quite good interest.
Taking into account the relation between direct investment profits to its whole value, Russia is record country. Each zloty invested in Russian gave 1.8 zlotys of profits, however in the scope of whole economy theses are rather small amounts – Russians have invested “only” 25 million euro in Poland. Despite the fact that total amount of profits that foreign investors take from polish branches recently rises, it cannot reach 2008 level – 13.8 billion euro. Its last-year profits reached nearly 11.3 billion euro. Those data would be far more worse if not the amount of profits transferred to Holland. It equals to 2.2 billion euro. A larger part came from Eureko’s shareholding in PZU.