LM to present progress report on offset projects in March

The Americans have agreed to carry out compensation programs worth a total of $6 billion by the end of 2013. "LM has recently submitted propositions for new projects. We are currently analyzing their value from the perspective of domestic companies and the economy. One of the ideas has been accepted. It relates to a purchase of explosive materials for the Bydgoszcz-based Nitro-Chem," informed Deputy Economy Minister Jacek Piechota. The value of the project is estimated at $30 million. Philip N. Georgariou, the head of the F16 Industrial Team, claims there is no possibility that the promised projects will fall through. "We have already begun implementing 25 offset projects," said Georgariou. The most significant projects on the list include the production of Astra cars in the General Motors plant in Gliwice, the formation of a research laboratory in the Aviation Institute, as well as investing in the Lotos refinery. (Puls Biznesu, p. 7) A.K.