During his time in Italy, the Deputy Minister presented the legal and tax incentives offered by Poland to the foreign entrepreneurs. In his discussion with Manlio Di Stefano, Italian Deputy Minister of Foreign Affairs, Grzegorz Piechowiak brought up the issue of diversity of the Polish economy and outlined the opportunities and perspectives of the Polish-Italian economic cooperation development.

Poland and Italy have been traditionally maintaining close economic partnership, which can be confirmed by smooth investment and training cooperation. We have a longstanding relationship in the field of academic and cultural exchange and primary in tourism. We hope for further improvement of cooperation, both bilateral and at the EU forum

– emphasized Grzegorz Piechowiak, Deputy Minister of Economic Development and Technology.

The Deputy Minister attended also the meeting with the investors and representatives of public institutions held in the Italian Institute for Foreign Trade in Rome.

I would like to express my thanks to the Italian entrepreneurs for their involvement and support to economic cooperation between our states. Let me remind, that in 2016-202 the Special Economic Zones and Polish Investment Zone issued the investment permits and decisions for 54 Italian investment projects for the total value of circa 4 billion Polish Zlotys. The Investors guaranteed to create nearly 1200 new jobs

– said Deputy Minister Grzegorz Piechowiak.

These data rank the Italian entrepreneurs fourth in terms of value of foreign investments implemented in the Polish Investment Zone. The ranking is based on the country of investment origin and prevailing capital in the enterprise.  

In the Embassy of the Republic of Poland in Rome, Deputy Minister Grzegorz Piechowiak had a discussion with Maria Luisa Meroni, President of Confindustria for Europe and chief of the Italian organisation of employers and industrialists.

We value the involvement of the Polish Division of Confindustria in the humanitarian aid to Ukraine and the Ukrainian refugees staying in our country. We also hope for development of Polish and Italian relations in the pharmaceutical and infrastructural industries as well as in the green technologies sector

– stressed Deputy Minister Grzegorz Piechowiak.

The next item in the Deputy Minister’s agenda was the meeting with the Chairman of the Italian-Polish Bilateral Group at the Senate of the Republic of Italy, Senator Nazario Pagano, and with the Ambassador of Italy to Poland, Aldo Amati.

Polish-Italian economic relations

Italy is the fifth partner of Poland in terms of export and fourth in terms of Polish import. In 2021, the revival of the Polish-Italian trade cooperation was clearly observed. Export to the Italian market increased by 27% and reached EUR 13.2 billion, while import by 21% and reached EUR 14.3 billion.

The key products exported onto the Italian market include:

• passenger cars (approx. 5.7% of share in 2021),
• vehicle parts and accessories (4.9%),
• TV receivers, monitors and video projectors (4.8%),
• refined copper (3.6%),
• cigarettes (2.7%),
• beef (2.4%)
• spark-ignition combustion engines (2.1%).

The products imported from Italy include primarily:

• raw platinum (5.5% of share in 2021),
• vehicle parts and accessories (3.9% of share in 2021),
• trucks (3,2%),
• combination drugs intended for retail sales (2.5%),
• rolled products of cast iron or non-alloy (2.1%),
• pipes, profile tubes and open seam or riveted profiles (2%)
• passenger cars (1.5%).