EC says no to transition period on sale of Polish land for investment

The European Commission is firmly denying Poland's motion for a transition period on the sale of land for investment purposes to foreigners. The EC believes that EU companies should be allowed to invest in Polish land as soon as Poland joins the pact, as Western investment, it argues, serves to create new jobs and strengthen the economy and, as such, are beneficial for Poland. However, the EC says it is willing to agree to a ten-year transition period before EU individuals and companies are allowed to buy Polish farmland. Poland is asking for an 18-year ban on such purchases. Meanwhile, the EC is maintaining its stand on the seven-year transition period before Polish workers are allowed to enter EU labor markets. (Puls Biznesu, p.12) T.J.