KIA representatives shuttle between Poland and Slovakia

After the visit, the Koreans went to Slovakia, another country fighting to win the investment, but they will return to Poland later this week. The government offered KIA a plot in Kobierzyce and an incentive package amounting to 15% of the investment, the maximum amount of state aid allowed under law. The Deputy Economy Minister, Jacek Piechota, was upbeat about the offer saying that in this respect it is competitive with the one proposed by Slovakia. The Korean company will initially invest $700 million, but the whole project is evaluated at $1 billion. Once built the plant will assemble 200,000 cars per year, but in 2007 this number should increase to 300,000. Sebastian Mikosz, the deputy president of the Polish Information and Foreign Investment Agency (PAIiIZ) claims that during the negotiations the Koreans denied allegations suggesting they had already decided to invest in Slovakia. (Puls Biznesu, pp. 1, 9) M.M.