Agency proclaims positive investment news but new legal safeguards essential

The Polish Information and Foreign Investment Agency (PAIiIZ) is currently in negotiations with regard to at least six investment projects, each worth between EUR 2-600 million, the agency's president, Andrzej Zdebski, has revealed. Furthermore, he disclosed that all the talks in question are at such an advanced stage that it is possible that the investors will commence their projects this year. Zdebski also announced that each one of the investments would directly result in the creation of between 1-2,000 new jobs, although he refrained from giving away any further details. According to Zdebski, though, none of the investors are prepared to sign any final agreement until a law is passed that will guarantee the state carrying out all its obligations under the terms negotiated. He also stated that the lack of such a law was one of the reasons why negotiations with car producer Hyundai fell through. A draft of such a bill has recently been submitted by the government to the Sejm. (Parkiet, p. 7) A.K.