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News & Events
Polish Foreign Investment Agency Recognizes Two U.S. Investors
On December 14, the Polish Foreign Investment Agency recognized two American investors among the three investors to receive awards at its annual reception.
IBM Polska was the winner in the category of the 2009 foreign investment that created the most jobs in Poland. IBM will employ 2000 information technology specialists at its new service center in Wroclaw.
The Polish foreign investment agency selected the American company Woodward Governor headquartered in Fort Collins, Colorado, for its award in the “modern technology” category. Woodward Governor designs, produces, and services process control and monitoring equipment for the aviation and power industries. It has established an engineering office in Niepolomice, near Krakow.
Commercial Counselor Jim Wilson represented the U.S. Embassy at the award ceremony and reception.
Picture: from left: Marek Ziółkowski –Vice Marshall of the Polish Senate; Barbara Kudrycka – Minister of Science and Higher Education; Tomasz Biliński - Site Manager, Cargotec Poland; Jolanta Jaworska - Director Public Affairs Programs, IBM Polska; Dietmar Hermann - Vice President Operations, Woodward GmbH; Dominik Kania - Managing Director, Woodward Governor Poland Sp.z o.o.; Sławomir Majman – President, Polish Foreign Investment Agency.
CS Warsaw Promotes U.S. Tourism
CS Warsaw's SCO Jim Wilson, together with Travel and Tourism Specialist Aleksandra Prus and CO Linda Caruso, invited Warsaw's top travel and tour operators to lunch December 9 to discuss ways to increase travel to the U.S. The guests also received invitations to the International Pow Wow in Orlando next May. The Polish travel experts shared their experience about how the economy and the internet have impacted the operation of their travel business. U.S. Embassy Warsaw's Consul General Phil Min also spoke at the luncheon about Poland's status regarding the U.S. Visa Waiver Program. Several popular U.S. travel destinations for Poles identified during the meeting included the Arizona Dude Ranch experience and California Wine Tours.
Pictured Left to Right: Phil Min (Consul General - U.S. Embassy Warsaw), Jim Wilson (Senior Commercial Officer - Commercial Service Warsaw), Pawel Rek (Managing Director - Carlson WagonLit Warsaw), Aleksandra Prus (Commercial Specialist - Commercial Service Warsaw)
2012 European Cup Championships - Business Opportunities For U.S. Firms
Poland and Ukraine were recently selected to jointly host the
European Cup soccer championships in June 2012. In order to
prepare for the expected 500,000 visitors during three
weeks of play, authorities in Poland and Ukraine must oversee
massive building and renovation of their countries’ sports
complexes, road, airport and rail infrastructures, and tourist
facilities. In Poland, three new stadiums will be built and
three more renovated and expanded. To accommodate the games
as well as Poland’s growing economy, new construction is slated
to create 900 kilometers of highway, full modernization of eight
airports and upgrades of the country’s entire railway grid.
Funding for construction will come form central and local
governments, European Union and private sources.
U.S. companies will have significant business opportunities stemming from the 2012 build out ranging from architecture/design/engineering and construction services to equipment and support services. CS Warsaw will counsel U.S. firms on how to best position themselves for business in this sector and will report specific trade leads as they become available. Please check our "Latest Market Reports" section below and for more information, please contact us directly.
For information on 2012 European Cup - related business opportunities in Ukraine, please refer to resources available through CS Kiev.
Market Reports
No Significant Development in Biotechnology Before 2011
In the last two years the Polish pharmaceutical
biotechnology industry has seen a significant reduction in the
annual rate of sales growth. According to experts'
estimations, in 2008 the industry's revenues suffered as a result
of a deterioration in the performance of Bioton, the largest
Polish biotech company. As was estimated, in 2008, biotech
companies in the Polish pharmaceutical industry achieved
combined sales worth PLN 607 million (Euro 173 million), around
2% less than in 2007. Nevertheless, in future years, despite the
uncongenial economic situation, the market will grow at several
percent per year, and in 2011 sales should improve by almost 30%
year on year. This will be a consequence of the
development of innovative projests which are today, at the
inception or start-up stage and are not yet yielding a return.
As elsewhere in the world, access to high risk financing is crucial to the development of innovative technologies. The availability of EU funds in Poland has made it possible to support the development of investment firms interested in putting money into biotechnology industry ventures which carry some risk. The Innovative Economy Operational Programme is the most important of the accessible EU funds. In addition, as a result of the appropriate use of EU funds, it is, today, easier for companies active in Poland to fund investemt in research and the implementation of innovative technologies. Despite the lamentable global economic situation, in the short term Poland has a chance to develop a real biotechnological industry as far as following fields are concerned:
- stem cell therapy
- siRNA-based therapy
- modified monoclonal antibody therapy
- tissue engineering and regenerative medicine
- innovative vaccines for skin and kidney cancer.
Undoubtedly, today's efforts on the part of Polish firms will provide, in the future, a competitive edge for the Polish red biotechnology industry.
(Excerpt from "Biotechnological innovations in the pharmaceutical industry in Poland 2009. Development forecasts for biotechnology sector for 2009-2011" report prepared by PMR http://www.pmrpublications.com/online_shop/en_Biotechnological_innovations_in_the_pharmaceutical_industry_in_Poland_2009.shtml )
Latest Market Reports by U.S. Commercial Service, Warsaw
- Biofuels Market (ISA - Industry Sector Analysis)
- Civil Aviation Market (ISA)
- Defense Market in Poland (ISA)
- E-Commerce B2B (ISA)
- E-Commerce B2C (ISA)
- Insurance Services Market (ISA)
- Shopping Centers Development in Poland (ISA)
- Tender for Highway Service Areas (IMI - International Market Insight) (2012 - related content)
For more information on market research being prepeared by our office click here