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Bringing FDI closer to home

According to Andrzej Zdebski, president of the Polish Agency of Information and Foreign Investment (PAIiIZ), Poland "should prepare a good localization offer for investors as soon as possible. If we don't, they are going to look for competitive areas in countries such as Romania, Slovakia, Czech Republic, Hungary, Lithuania or Ukraine."

There are now several such projects under construction. PAIiIZ is about to sign agreements on new investments with LG Electronics and Hewlett-Packard. "It is not a secret that we are also working on a huge investment with the Korean firm Hankook", said Mikosz. Another tire producer, Bridgestone, has announced its plans to invest in Zarow.

Whirlpool, Gillette, Merloni, Bosch-Siemens, Fuji Seiko, and Firestone all decided to plump for Poland last year.

There are 93 deals now being considered, possibly bringing EUR4 (zł. 15.77) billion and 36,000 new jobs to Poland.

During the first six weeks of this year, PAIiIZ completed four projects, worth a total of EUR 287 (zł.1,131) million that helped to create 820 new jobs. Last year PAIiIZ concluded 24 projects, with a total value of zł.3 billion, creating 7,000 new jobs. n

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