Government to play low key negotiations over prospective Hyundai investment

The government has proposed several locations for the new EUR 400 million investment of automotive concern Hyundai, but the final decision of the company is expected no earlier than by the end of the year. "The first test of our credibility is keeping the details of our negotiations secret. Half of the failure in attracting the Peugeot investment can be attributed to the fact that media publicized too many secrets," said Sebastian Mikosz, deputy CEO of the Polish Information and Foreign Investment Agency. He confirmed that besides Poland, the Czech Republic, Hungary and Slovakia are also bidding to win the investment. "I will not comment on the offers of other countries, as I do not know them sufficiently well, as indeed they do not know what we are offering," explained Mikosz. He added that only a few Polish gminas were ready to fight and succeed in attracting a foreign investment of this magnitude. (Puls Biznesu, p. 1, 7)