ING Group jubilant over Zlote Tarasy construction

The Dutch ING group celebrated the fact that today the construction of a multifunctional Warsaw city center trade and leisure complex called Zlote Tarasy, worth euro 40 million began. Until recently the Dutch group was known for its financial services, such as those under the names of ING BSK and Nationale-Nederlanden. The complex is to be completed by 2005, at which point 50% of its shares will be purchased by the Dutch fund, Rodamco. "We entered the project as we know that Poland is the best place for investments. Soon the EU will aid the 10 future member states with euro 40 billion. Most of this money will be earmarked for Poland. These funds will in turn positively influence economic growth," emphasizes Ewald Kist, President of the ING Group. (Puls Biznesu, p. 5) A.C.