Cabinet to discuss PAIiIZ's proposals to encourage inward foreign investment

On Thursday, the Cabinet Committee accepted a majority of recommended changes to laws which were included in the report on barriers to investment in Poland, prepared by the Polish Information and Investment Agency (PAIiIZ). "Out of 35 proposals, 20 will be forwarded to the Cabinet for its consideration at its meeting on December 16," said Deputy Economy Minister, Andrzej Szejna. The report identified problems faced by investors and divided them into four categories connected with choosing a country to invest in, locating the investment, the actual investment process and daily operations once the project is up and running. The most important drawbacks include the lack of information about Poland and incentive systems, lack of necessary preparation of investment areas, time consuming and complicated administrative procedures, as well as unfriendly bureaucrats - especially fiscal ones. "Scrapping 90% of the barriers will not cost the budget anything," stressed Sebastian Mikosz, the deputy president of PAIiIZ. However, the Committee rejected some of the proposals relating to fiscal regulations, while 100% of entrepreneurs polled by PAIiIZ named lack of clear and binding laws in this field as the main problem. (Puls Biznesu, pp. 1, 8) M.M.