Polish Food Industry in Hong Kong

Hong Kong Appeal

Hong Kong Appeal

Polish companies are looking for investment opportunities outside Europe, most recently in Hong Kong. “Hong Kong has for several years been a gateway for our grocery industry into China,” says Lucjan Zwolak vice-chairman of the Agricultural Market Agency. Annually, Poland exports goods worth approximately €70 million to Hong Kong, but the potential is considerably greater. In order to make use of this potential, Polish companies will present themselves at the Food-Expo tradefair, which begins 14 August in Hong Kong. It is one of the most important food industry trade fairs and exhibitions in Asia. Eight companies, including Okręgowa Spółdzielnia Mleczarska Łowicz and Słowianka will present their goods as part of the Agricultural Market Agency stall. 15 butcheries will present their products as part of the Association of Craftsmen and Smoked Meat Producers stall. “We have had twice as many applications as there are places,” says the deputy chairman of the Association of Craftsmen and Smoked Meat Producers. Conquering new markets is particularly important for butcheries today. Due to the outbreak of the African swine fever virus in Lithuania, then in the Podlasie area in Poland, the import of pork from infected areas was stopped in Russia, China and Japan. The meat industry estimates that in the first half of 2015, the value of pork exports could fall by 20%. Similar problems may soon be faced by fruit and vegetable producers, because from 1 August Russia will impose a ban on the import of Polish apples and cabbage. The Middle East also provides good perspectives for the meat industry. Krzysztof Jażdżewski, deputy Chief Veterinary Officer announced that the chances of exporting more beef to the Middle East are increasing. Moreover, there are more countries that are ready to accept the stunning of animals in slaughterhouses, which is required by Polish law. It is also possible that in the coming months this solution will be accepted in Saudi Arabia. Polish veterinaries are also in touch with inspectors in the United Arab Emirates and Kuwait. Polish beef might also appear in North Africa. Agreeing a model veterinary certificate with Tunisia is currently pending. In July, Algeria will open its market for Polish beef. Also from July, Japan will resume the import of Polish beef. “This process has taken over five years to complete. It shows how time-consuming it is to obtain export rights,” said Jażdżewski.
ekonomia.rp.pl

Belarusian Oil for Poland?

Working with Belarus

Working with Belarus

According to Defence24.pl, Belarus has started building the Mozyr-Brest pipeline which could potentially open up a supply of inexpensive petroleum products to Poland. At the end of last year, Gomeltransneft Druzhba, which controls the Belarussian part of the Druzhba pipeline, returned to the old project. The Mozyr-Brest pipeline would give Poland access to petroleum products from the Mozyr refinery which will probably use Caspian oil, supplied by the Odessa-Brody pipeline. Despite the fact that preliminary agreements between Warsaw and Minsk were made back in 2004, the project was subsequently abandoned. Belarus was unable to provide Poland with a reliable oil supply because of its own dependence on Russian oil. It seems the Belarusians have found a way to circumvent their problems with Russia by supplying oil from the Caspian Sea directly to the refinery in Mozyr. According to Defence24.pl, Gomeltransneft has returned to this project as a part of a Belarusian intended energy turn. Thanks to the import of oil from the Black Sea area through the Odessa-Brody pipeline, Belarus has now access to raw materials from a source other than Russia. The raw materials will be processed by the refinery in Mozyr. After that, they could be supplied to Poland through the Mozyr-Brest pipeline, which would present a lucrative opportunity to the Belarusian petrochemical sector, as Belarus has ceased to supply its products to Russia because of the fall of the rouble.
gazeta.pl

Polish-Japanese Cooperation

Door to Japan

Door to Japan

Japan is currently the third largest Asian trade partner for Poland with turnover reaching approximately €3bn. “I encourage Japanese entrepreneurs to increase the realisation of projects in Poland,” said Jerzy Pietrewicz of the Polish Ministry of Economy, during the opening of the Polish-Japanese Economic Forum. The meeting took place on 27 February 2015 in Tokyo and was a key part of Bronisław Komorowski’s programme of visits in Japan. Deputy Minister Pietrewicz pointed out that Poland is an attractive location for investment within Europe. “Japanese companies have noticed the opportunities that result from investing in our country. Nearly 300 enterprises with Japanese capital have been registered in Poland, and the cumulative value of Japanese investments in Poland has exceeded $1.5bn,” he said, “I believe that a better understanding of our investment possibilities as well as the strengths of the Polish economy will result in market growth.” he added. Deputy Minister Pietrewicz has also stressed that providing the best conditions for investment in strategic fields of the economy is among the top priorities of the Ministry of Economy. In trying to meet investor expectations we have created a number of tools supporting the development of investment in Poland. We have implemented, among others, new regulations that simplify and expedite the process of undertaking business in Poland,” he said. Special Economic Zones play an important part in supporting entrepreneurship as they offer beneficial tax breaks, or sites ready for construction,” he added. During his stay in Japan, Pietrewicz met with the Prime Minister of Japan Shinzō Abe and representatives of Japanese business. He also took part in a Polish-Japanese meeting on clean coal technologies. The main aim of the meeting was to investigate the possiblities of implementing the results of a research project, conducted since 2013 by AGH University of Science and Technology in Kraków and Tokyo University, concerning technologies for drying lignite.
mg.gov.pl

Brazil Tempting Poland

Welcoming Poland?

Welcoming Poland?

According to the vice president of the Polish-Brazil Chamber of Commerce Marian Karolczak, Brazil is the world’s 7th largest economy. At the same time it is the largest economy in South America. Over the past few years, the country has made great progress which has led to an improvement in living standards for its citizens. Moreover, the country itself is a member of BRICS, the world’s five major emerging economies. Mining and the energy sector have become marks of the Brazilian economy. Brazil is one of the largest producers of energy acquired from renewable resources in the world. What is more, Brazil is one of the world’s largest car manufacturers. Annually the country turns out around 3 million cars. Also it leads the way in agricultural with products such as coffee, sugar cane, banana, beans and orange juice. Unfortunately Polish-Brazil economic relations leave a lot to be desired. The participation of Brazil in Polish exports amounts to just 0.4%, imports are at 0.5%. Yet, the Polish chemical giants, Grupa Azoty, Selena and Synthos have been maintaining trade contacts with Brazil for many years. “They sell fertilizers that are not manufactured in Brazil and are very much in demand,” says vice president Karolczak. Currently, Brazil’s greatest potential lies in construction. That is because the country invests not only in the organisation of major sport events but also in housing. Significantly, Brazil needs building materials, and what Polish companies need in order to successfully operate on the Brazilian market is a good local partner. “Local entrepreneurs usually only speak Portuguese and Brazil is fraught with extremely complicated administrative procedures. On top of that, the amount of taxes and fees that entrepreneurs are obliged to pay is around 30%,” sums up Marian Karolczak. One of the first steps that need to be taken is a bilateral agreement on avoiding double taxation in the two countries.
polskieradio.pl

Improving Turkish-Polish Cooperation

Making Good Halva

Making Good Halva

“Poland and Turkey should improve cooperation in many fields,” said Grzegorz Schetyna, Poland’s Minister of Foreign Affairs during a visit to Ankara. Afterwards, he participated in a gala with business representatives. He later met with the President of Turkey Recep Erdogan. Grzegorz Schetyna reminded his audience about last year’s 600th anniversary celebrations of diplomatic relations between Poland and Turkey. “Poland and Turkey share a common history. There are many historical similarities between our countries and many areas where our cooperation flourishes. However, there are also fields, in which we wish to improve our cooperation,” Schetyna stated. Poland’s head of diplomacy was accompanied by a group of entrepreneurs and the Minister of Agriculture. The Turkish Minister of Foreign Affairs Mevlut Cavusoglu stated that he is counting on an increase in trade relations. “Like our Turkish colleagues say: we have all the ingredients to make good Halva, so let’s do it.” According to Cavusoglu it would be quite easy to to double trade exchange. Currently this amounts to about $5bn. The Turkish Minister of Foreign Affairs claims that investments are not at a satisfactory level. Grzegorz Schetyna also laid flowers at the Ataturk mausoleum in Ankara, and met the Turkish president.

Poland – Hong Kong

Invest in Hong Kong

Invest in Hong Kong

Hong Kong is encouraging Polish entrepreneurs to conduct business in Hong Kong especially in the food industry and in jewellery. The Hong Kong authorities wants to draw the attention of Polish business people by ensuring that investments fall to Hong Kong rather than markets in China and other Asian countries. This is a great chance for Polish companies from the food sector and manufacturers of luxury goods like amber jewellery to expand into new markets. According to Simon Galpin, CEO of Invest Hong Kong, investors have to explain to Polish companies the benefits of operating in Hong Kong, especially if they want to conduct business in China. First of all, Hong Kong is a low risk location and what is more, it provides great opportunities. There is great potential to increase the number of investments and encourage a greater number of entrepreneurs to start businesses in the city. However, Polish investments in Hong Kong have a minimum share. According to data from the Central Statistical Office for 2012, the total receivables of Polish direct investments were only PLN 77m. Invest Hong Kong wants to change that by providing Polish entrepreneurs with advice, support, and also by promoting the city. Galpin claims that the possibilities are enormous. Hong Kong also provides easy entry into the Asian market. As pointed out by Galpin, the procedures and law in Hong Kong are extremely business-friendly, and it is possible for a company to be registered within one hour with a capital of just 1 Hong Kong dollar. Taxes are also low and many consumers, mainly from China, are coming to Hong Kong to shop at duty-free shops.
biznes.newseria.pl

Vietnamese Entrepreneurs in Poland

More Than Just 'Sajgonki'

More Than Just ‘Sajgonki’

Is Poland a promised land for Vietnamese immigrants? Years ago many were holed up in small huts selling spring rolls, but now they are buying exclusive Warsaw apartments, limos and are more likely than ever to visit expensive shopping malls. Karol Hoang, owner of Asean, an Asian real estate agency, claims that Warsaw is a perfect place to get rich in. You can complain about the Social Insurance Institution (ZUS) or the Tax Office but what for? After all, red tape can be found all over Europe. Karol Hoang has been working with Chinese and Vietnamese people for over 8 years. He sells land and warehouses on the southern-eastern borders of Warsaw where they are purchased mostly by businessmen working in Asian shopping centres in Wólka Kosowska near Warsaw. The agency offers residences for sale worth PLN 1 to 3 million as well as rented establishments from PLN 3,500 to 4,500 a month. Hoang now wants to attract more Polish customers. “When I started my business, there was little room on the market. Competition was fierce on the restaurant market so I decided to sell real estate,” says Hoang. He managed to set up a rather large business, at least by the standards of Wólka Kosowska. He employs two office workers, four real estate agents, has opened a DHL courier point and an InPost agency. What is more, he owns an Asian models and actors agency.
natemat.pl