THE ECONOMIC COOPERATION:

POLAND-ITALYMilan, 14/09/2015

Ministry of Economy, Poland

2

• Area: 323 thousand km2 - 9th in Europe,69th in the world

• Population: 38.5 million - 8th in Europe,34th in the world

• Currency: Polish Zloty (USD 1 ≈ PLN 3.16)(EUR 1 ≈ PLN 4.19)

• GDP total: USD 546.6 bln*

• GDP per capita PPP: USD 25,105*• GDP per capita: USD 14,378*

• GDP growth: 3.4%

• Membership: OECD, WTO, NATO, EU

2

Large domesticmarket

Central location in Europe

International legaland business

standards

Young and well-educated workforce

*- Data for 2014; IMF estimates

Strengths of Poland

33

PolandSustainable and balanced economic growth

WTO1995

OECD1996

NATO1999

EU 2004

SCHENGEN2007

GROWTH LEADER

2009

EU PRESIDENCY

2011

GDP of Poland, PLN mn

Source: Poland’s CSO

5,1

3,5

6,2

7,2

3,9

2,6

3,7

4,8

1,8 1,7

3,4

2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015* 2016*

4 Poland’s economic growth 2004-2016

Data: Poland’s CSO, ESA 2010 methodology; * - provisional data; international organization’s forecasts

55

January-July 2015� In July unemployment rate amounted to 10.1%;� Average paid employment in enterprise sector amounted to 5,573 thous. and the average wages and salaries in this sector stood at PLN 4,071.

Labour market –––– unemployment rateMonthly – in cumulative terms (yoy)

Data: Poland’s CSO

2014 2015

6

Poland’s foreign trade2004-2015 (EUR mn)

Data: Poland’ s CSO, *- provisional data.

January-June 2015*� The value of Poland’s exports amounted to EUR 87.2bn (+6.7% yoy).� The value of Poland’s imports amounted to EUR 84.3bn (+1.9 yoy).� Trade balance shaped at the level of EUR 2.9bn

77 Poland’s exports – main partners(I-VI 2015)

United Kingdom

EUR 5,764 mn

GermanyEUR 23,512 mn

Czech RepublicEUR 5,684mn

FranceEUR 4,970 mn

Data: Poland’ s CSO estimates.

TOTAL EXPORTS: EUR 87,175 mn

ItalyEUR 4,286 mn

88

GermanyEUR 19,183 mn

Netherlands

EUR 3,143 mn

RussiaEUR 6,581 mn

ItalyEUR 4,430 mn

China

EUR 9,435 mn

Poland’s imports – main partners(I-VI 2015)

Data: Poland’s CSO estimates.

TOTAL IMPORTS: EUR 84,298 mn

FranceEUR 3,342 mn

9

Foreign trade with Italy

Data: Poland’s CSO.

Exports: EUR 4,286 mn(+11.7%) Imports: EUR 4,430 mn (-4.1%)

Balance: EUR -144 mn

Exports: EUR 7,523 mn (+12.4%)Imports: EUR 9,503 mn (+13.7%)

Balance: EUR -1,980 mn

Exports: EUR 6,691 mn (-3.7%)Imports: EUR 8,356 mn (+3.4%)

Balance: EUR -1,665 mn2013

I-VI 2015

2014

10

� According to NBP data, the main investors in Poland are from the European Union.

� At the end of 2013 the biggest foreign investors Poland were Germany, the Netherlands, France and Luxembourg.

� At the end of 2013, the value of FDI in Poland amounted to EUR 160 bn.

Foreign Direct Investment inPoland2004-2013 (EUR mn)

Data: National Bank of Poland

11Biggest foreign investors inPoland2013 (EUR mn)

Data: National Bank of Poland

12 Poland in rankings (1)

In case of WCR data is for 2014/2013.

� Poland's economy recorded a rise in international rankings on the business climate, which means the visible improvement in relation to previous years.

13Poland in rankings (2)

Index of Economic Freedom 2015Heritage Foundation &Wall Street Journal

� The authors of the annual ranking Index of Economic Freedom assess, among others, freedom of establishment, trade policy, tax burdens, fiscal policy, labor market policy and the level of corruption.

� In the current edition of the ranking, which evaluated 178 countries, Poland was ranked 42nd, up by 8 positions compared to the previous year and ahead of the 13 EU Member States: Cyprus, Spain, Slovakia, Hungary, Romania, Bulgaria, Malta, Portugal, France, Italy, Croatia, Slovenia and Greece.

14

Poland continues the efforts to improve the business climate

The latest report of the World Bank and IFC "Doing Business 2015" International Finance Corporation

� In the overall ranking of ease of doing business, Poland ranked at32 position (among 189 countries) what is the nominal improvement of 30 places compared to 2012.

� Poland placed ahead of the 13 EU Member States: Spain, Slovakia, Bulgaria, Czech Republic, Romania, Slovenia, Hungary, Italy, Luxembourg, Greece, Cyprus, Croatia and Malta.

15

Increase of the investment attractiveness of Poland

The latest EY report: Europe attractiveness survey 2015

� In Poland in 2014 were completed 132 FDI projects - 23% more than in 2013. Poland ranked at 7th place in Europe.

� With those FDI projects 15 485 new jobs were established - 12% more than in 2013. Which ranked Poland at the 3rd position in Europe, ahead of, among others, France, Germany and Spain.

In this ranking Poland is the leader among the countries of Central and Eastern Europe.

16Participation of Poland inEXPO 2015 in Milan

� Promotion of Poland’s economy on the international arena.� Building a positive image of Polish as a country attractive economically.� Presentation of Poland as one of the most important members of the

European Union: a modern country, while respecting their traditions, reliable partner with a stable economy.

� Establishment of new business contacts.� Encouraging foreign investors for investment in Poland.� Presentation of Poland’s export potential in the agri-food industry and

other economic sectors.

17

Poland in Italy – EXPO 2015 Milan

WELCOME!

Pl. Trzech Krzyży 3/500-507 Warsaw

tel +48 22 693 50 00fax +48 22 693 40 46

Ministry of Economyweb www.mg.gov.plemail mg@mg.gov.pl

Thank you for your attention