Trade Winds Europe/Eurasia - Doing Business in Poland & Romania
01/17/2024
11:30 AM to 12:30 PM
(GMT-04:00) Eastern Time (US and Canada)
About
The combined markets for Poland and Romania present a formidable opportunity for business and a strategic position in the European marketplace.
Poland
Market Overview: The largest single market among the “new” European Union (EU) states and 5th among all EU member states, Poland’s GDP in 2022 reached $688.18 billion and $18,280 per capita. Two-way trade in goods and services between the United States and Poland reached $1.91 billion in June, 2023.
Poland ranked No. 33 among U.S. trade partners in June, 2023, while the United States is the second largest non-EU market for Polish exports. The flow of annual of U.S. investment in Poland was estimated at over $4.2 billion by the National Bank of Poland in 2021.
Top industry sectors for American FDI in Poland are M&A’s, IT services, trade, transport and storing, insurance and finance and professional services.
Poland’s EU-finance post-COVID-19 recovery program, details reforms and investments required in 2021-2026 to obtain approximately $38.4 billion in EU pandemic-recovery grants and loans.
The Plan’s investment projects aim to make Poland more green, digital, and inclusive while the reforms are targeted at decarbonising the Polish economy, accelerating the digital transition and reinforcing Poland’s economic and social resilience.
The plan also intends to strengthen important aspects of the independence of judiciary. The plan will foster economic growth and create jobs. It will lift Poland’s gross domestic product by 1.1% to 1.8% by 2026. This boost to the economy will bring up to 105,000 citizens into jobs.
Poland will benefit significantly from the Recovery and Resilience Plans of other Member States, for instance through exports. These spill-over effects account for 0.2 percentage points of gross domestic product in 2026.
Industry Best Prospects and Opportunities:
Defense: $14 billion budget with a 4.2% of GDP in 2023.
Energy: Production in 2022 reached 178.8 Terawatt hours (TWH).
Infrastructure: Solidarity Transportation Hub (STH) will handle 45 millon passengers and up to 100 million with an estimated cost of $9 billion.
IT & Cybersecurity: $29 billion budget in 2023 with a 12.4% growth rate.
Government: Semi-presidential with a Prime Minister and a President Major Cities: Bucharest, Iasi, Cluj-Napoca, Timisoara Population: 19 million Currency: Lei (RON)
Romania
Market Overview Romania is an excellent market for U.S. companies in Eastern Europe due to its growing economy, strategic location in the Black Sea region, and pro-American culture. Since 2010, Romania's economic growth has been among the highest in the EU, steadily converging with the EU in GDP per capita. Its economy grew by 5.8 percent in 2021 and 4.9 percent in 2022, though growth has slowed in 2023.
Romania is the U.S. 67th largest export market with a bilateral trade value of over $5.1 billion in goods and services, with the U.S. defense and armaments; computer and electronic products; machinery; transportation equipment; and energy products being the top U.S. exports to Romania.
As an EU member state and NATO member, Romania offers U.S. companies access to a large domestic market and a cost-effective gateway to the entire EU market. With its location in Southeast Europe, bordering the Black Sea, businesses can access markets in Turkey, the Balkans, the Middle East, Ukraine, and Moldova.
Learn more by reviewing our Country Commercial Guides:
trade.gov/country-commercial-guides
Industry Best Prospects & Opportunities:
Agricultural Equipment: U.S. suppliers in irrigation technology.
Defense Industry: Budget is $8.52 billion, of which 38%, or roughly $3 billion, is allocated toward equipment procurement.
Energy: Small modular reactors (projects valued at $8.5-9.5 billion).
Information and Communications Technology (IT&C): $57 billion by 2030 (10% of GDP).
Healthcare: $2 billion for hospital infrastructure and over $550 million for digital healthcare.
For additional information visit https://www.trade.gov/trade-winds-resources.
See you on January 17th! Contact: Richard.Swanson@Trade.gov Cost: $25.00
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Agenda
17
Doing Business in Poland and Romania
Doing Business in Poland and Romania
Webinar topic: Trade Winds Webinar Series: Doing Business in Poland and Romania
Date and time: Wednesday, January 17, 2024 11:30 AM | (UTC-05:00) Eastern Time (US & Canada)
Join link: https://trade.webex.com/trade/j.php?MTID=m12765bfa57167380416351f4f855fec4 Webinar number: 2763 692 5084 Webinar password: j62ZvGZQPt3 (56298497 from phones and video systems)
AGENDA
11:30 AM Welcome and Introduction
Date and time: Wednesday, January 17, 2024 11:30 AM | (UTC-05:00) Eastern Time (US & Canada)
Join link: https://trade.webex.com/trade/j.php?MTID=m12765bfa57167380416351f4f855fec4 Webinar number: 2763 692 5084 Webinar password: j62ZvGZQPt3 (56298497 from phones and video systems)
AGENDA
11:30 AM Welcome and Introduction
- Shannon Christenbury, Global Europe Team Leader. Leads Global Markets US Commercial Service domestic trade specialists and overseas commercial specialists to support Europe trade opportunities.
- Jim Mayfield, Trade Winds Europe Team Leader. Serves as the day-to-day manager of trade mission stops for Denmark, Italy, Turkiye (Forum), Poland, Romania & Kazakhstan.
- Darla Brown, Commercial Officer. Working at the US Embassy in Warsaw, Poland and helping to oversee locally engaged staff who specialize in industry coverage.
- Eli Corso-Phinney, Senior Commercial Officer. Oversees the commercial section at the US Embassy in Bucharest, Romania.
- Katarzyna Slowinska, Commercial Specialist Warsaw, Poland Senior Commercial Specialist overseeing many sectors and engaging both US and Polish Business Sectors: Infrastructure / Construction / Agricultural Equipment / Environmental Technology (Except Air Pollution and Renewables) / Chemicals / Building Products
- Alina Capat, Commercial Specialist, Bucharest, Romania. Providing assistance in key industries: Safety and Security, Defense, ICT, Medical/Dental Equipment, Construction Equipment, Building Products, Education/Training Services, Agriculture TBD
Start
11:30 AM
End
12:30 PM
Speakers
Alina Capat, Commercial Specialist, Romania TBD
Darla Brown, Commercial Officer, US Embassy-Warsaw
Eli Corso-Phinney, SCO, US Embassy, Bucharest, Rom
Jim Mayfield, Trade Winds Europe Team Leader
Katarzyna Slowinska, Commercial Specialist Warsaw
Shannon Christenbury, Global Europe Team Leader
Speakers
Katarzyna Slowinska, Commercial Specialist Warsaw
Senior Commercial Specialist overseeing many sectors and engaging both US and Polish Business Sectors: Infrastructure / Construction / Agricultural Equipment / Environmental Technology (Except Air Pollution and Renewables) / Chemicals / Building Products
Alina Capat, Commercial Specialist, Romania TBD
Commercial Specialists Phone: +4 021 200 3397 Email: Alina.Capat@trade.gov Providing assistance in key industries: Safety and Security, Defense, ICT, Medical/Dental Equipment, Construction Equipment, Building Products, Education/Training Services, Agricu
Judy Kornfeld, Global Events Manager
Director of Global Events @ US Commercial Service - US Field Operations HQ
Sponsors
No sponsor available
