Government plans to subsidize up to 25% of large job-creating investments

Today the Cabinet Economic Committee (KERM) is set to complete work on the draft of a law supporting investments, under which companies investing at least euro 10 million and creating at least 200 new jobs would be subject to reimbursement of 25% of their outlays. The government is also considering subsidizing training programs. "Domestic and foreign investments are declining, while unemployment is on the rise. Our aim is to support the investment process in Poland, to facilitate the creation of new jobs," said deputy Economy Minister Tadeusz Donocik. Aside from preferences for big investment projects, the government would also aid high-tech innovation investments, regardless of their value and the number of jobs created. (Puls Biznesu, p.15) T.J.