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Explore opportunities in Belt and Road countries – Poland, Czech Republic & Ukraine

Explore opportunities in Belt and Road countries – Poland ... · China FAW Group Corporation China Machinery Engineering Corporation China GezhoubaGroup HyteraCommunications Corporation

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  • Explore opportunities in Belt and Road countries –Poland, Czech Republic & Ukraine

  • PartnerCEE Clients & Markets Leader

    CEE Advisory LeaderPwC CEE

    Piotr Romanowski

    Introduction to PwC CEE & Chinese Investment in Poland, Czech Republic and Ukraine

    PwC 2

  • PwC

    Introduction to PwC Central and Eastern Europe (CEE)

    3

  • Our team from CEE

    Piotr Romanowski

    AgnieszkaGajewska

    Tomasz Baranczyk

    Oleg Tymkiv

    Jan Brazda

    Darren Chong

    CEE Advisory, Clients & Markets Leader

    CEE Capital Projects & Infrastructure Leader

    CEE Tax Managing Partner

    CEE Deals Partner

    CEE Capital Projects & Infrastructure Partner

    CEE China Business Group Leader

    Poland Poland Poland Ukraine Czech Republic

    Poland

    PwC 4

  • PwC

    PwC CEE – a network of 29 countries

    Ukraine

    MoldovaRomania

    Bulgaria

    HungarySlovakia

    Czech Republic

    Uzbekistan

    Slovenia Kazakhstan

    Kyrgyzstan

    Azerbaijan

    Croatia

    Bosnia

    SerbiaMacedonia

    Georgia

    Albania

    Montenegro

    Armenia

    Turkme-nistan

    Mongolia

    Kosovo

    Belarus

    Russia

    EstoniaLatvia

    Lithuania

    Poland

    6% world population

    Combined Population

    407 m

    5 disputed territories

    Combined GDP

    $3.1 trillion

    4.2% of world GDP

    29 countries275 Partners 11 000 Staff 56 offices

    5

  • PwC 6

    More than 25 languages (English is the common language in all offices)

    Unique cultures (complemented by the PwC partnership culture)

    Different legal and regulatory systems

    Several alphabets and character sets

    Different levels of economic and political development

    24 currencies (with significant currency fluctuation)

    A diverse and complex region (1/3)

  • A diverse and complex region (2/3)

    7

    2.0%1.7%3.1%4.0%2.5%3.5%3.3%

    3.8%5.5%1.8%

    3.2%

    3.6%-1.0%2.0%

    3.3%

    Source: WORLD ECONOMIC OUTLOOK, October 2017 Source: WORLD ECONOMIC OUTLOOK, October 2017

    GDP per capita, current prices(USD ths, 2017, est.)

    Real GDP growth 2017 (est.)

    Kazakhstan

    UkraineAzerbaijan

    44.18

    Bulgaria

    10.37

    19.82

    7.92

    17.4913.46

    8.59

    20.5823.28

    28.21

    2.46

    10.25

    4.10

    13.43

    38.85Germany

    Poland

    Slovenia

    Romania

    HungarySlovakia

    Russian Federation

    Spain

    PortugalCzech Republic

    United Kingdom

    PwC

  • PwC 8

    0

    20

    40

    60

    80

    100

    120

    140

    PwC

    Source: World Bank, Ease of Doing Business Index

    Ease of doing business ranking

    CEE countries:Non-CEE countries:

    20062006

    20172017

    A diverse and complex region (3/3)

    Georgia Estonia Germany Poland Spain Portugal Czech Rep

    France Russia Kazakhstan Serbia Romania Italy Croatia Azerbaijan Ukraine

  • Today’s focus: Czech Republic, Poland & Ukraine

    Czech Republic Poland Ukraine

    PwC 9

  • PwC 10

    • 10 million inhabitants• Most industrialized country in Central Europe

    (industrial sector is 37.5% of the economy)

    • Has attracted huge FDI (EUR 77.8 billion since 1993)• Massive economic ties with Western EU

    (>60% of foreign trade)

    • Strong economy and currency (2.7% unemployment; CZK appreciating)

    Czech Republic – the most mature Central Europe economy

  • PwC 11

    • 39 million inhabitants• The largest market in Central Europe – both in terms of

    consumer spend and human capital

    • The largest beneficiary of EU funds across CEE (EUR 100 bnearmarked for Poland in the current EU budget for 2014-2020)

    • 25 years of uninterrupted growth (every quarter, 2009 included)

    Poland – the largest market in Central Europe

  • Ukraine – high upside potential

    Source: World BankPwC 12

    • 45 million inhabitants• Gradual recovery from Crimean/Donetsk conflict

    (GDP: - 29.8% in 2015; 3.3% in 2016; 2.1% in 2017; 3.2% in 2018 est)

    • Most advantageous renewable energy tariffs in CEE(solar – EUR 150 / 1 MW; wind – EUR 102 / 1 MW)

    • Underdeveloped infrastructure (EUR 50* bln investment required till 2030)

    • Upcoming privatization

  • PwC

    Chinese investment in Czech Republic, Poland & Ukraine

    13

  • PwC

    China substantially increased FDI in selected CEE countries in 2016

    China’s FDI flows into CIS countries is stable and growing in 2016

    16551534128164

    402527

    BulgariaRomaniaCzech RepublicPoland

    2000-2015 (annual average) 2016USD mln

    Source: Mercator Institute for China Studies

    Source: Ministry of Commerce of PRC

    158160178487

    KyrgyzstanKazakhstanRussia BelarusUzbekistan

    1 300

    Direct investments and the presence of Chinese banks have increased China’s presence in CEE; the investment is expected to continue growing

    14

  • Selected Chinese Companies in Ukraine, Czech and Poland

    UkraineChina National Building Materials & Equipment Import and Export CorporationZhejiang Furuipu Building Material Import and Export CorporationChina FAW Group CorporationChina Machinery Engineering CorporationChina Gezhouba GroupHytera Communications CorporationHuaweiLenovo Sany Heavy Equipment International Holdings Company LimitedCOFCO

    Approx 20

    Czech RepublicCEFC China EnergyXian Shangu PowerBuzuluk KomarovNoarkChanghongHuaweiZTEShanxi Yuncheng Plate Making Group Co.,Ltd.COSCO North CarChina Eastern AirlinesHainan AirlinesSichuan AirlinesBank of ChinaCNRWanfeng GroupShaanxi Blower (Group) Co., Ltd.

    Approx 40

    PolandLiuGong MachineryTri-ringXiaomiEverbrightNovetekTCLBiotonPinggao GroupHuaweiZTEBank of ChinaICBCChina Construction BankNuctechSinohydroTP LinkCOSCO

    Approx 100PwC 15

  • PwC 16

    Overview of PwC Services

    Advisory• Digital &Technology• Transactions, mergers and aquisitions• Research & Development (R&D)

    and Innovation Management• Operational Efficiency• Inward Investments• Creating and Implementing Strategies• Procurement and infrastructure

    investments• Change Management• Forensic Services• HR Consulting• Corporate Social Responsibility

    Assurance• Audit• Internal Audit• Financial Reporting and Accounting

    Advisory Services• Regulatory Services• International Financial Reporting

    Standards• Accounting and Payroll Outsourcing• Risk management• Corporate governance• Business controls and performance

    assurance• IT risks/Cyber Security• Financial Risk

    Tax & Legal• Indirect Taxes• Tax Litigation• Legal services• International Tax Structuring• Transfer Pricing Services• Human Resource Services (HRS)• IT Based Tax Consulting• Accounting and Payroll Outsourcing

  • PwC

    1

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    5

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    Chinese speakers coordinate and deliver professional services

    Experienced consultants who understand Chinese business culture and have experience working with Chinese clients

    Access to business opportunities in 29 countries across CEE

    Working closely with PwC China to enhance service quality

    A single point of contact for your investments in 29 countries

    Successfully helped Chinese clients entering into CEE market

    Working with PwC CEE China Business Group

    PwC 17

  • Thank you!

    This content is for general information purposes only, and should not be used as a substitute for consultation with professional advisors.

    © 2018 PwC. All rights reserved. PwC refers to the PwC network and/or one or more of its member firms, each of which is a separate legal entity. Please see www.pwc.com/structure for further details. CN-20180411-3-C1