PAIIZ - old wine in a new (cheaper) bottle?

The name of a newly formed institution which will be responsible for attracting foreign investment and promoting Poland abroad will be Polish Information and Foreign Investment Agency (PAIIZ). It is being formed from a merger of the present Polish Information Agency (PAI) and the Polish Agency for Foreign Investment (PAIZ). Andrzej Szejna of the Economy Ministry who is responsible for creating the new body, announced that until the end of May PAIZ and PAI will both convene general meetings during which the decision to form a joint institution will be made. "The activities of PAIIZ will help increase foreign investment in our country. We are aiming at an annual level of $6-8 billion," said Szejna. It was not revealed what the budget of the new agency would be, however, Szejna announced that it is going to be less than that received by PAIZ, which this year amounted to zł. 6 million. (Rzeczpospolita, May 17-18, p. B2) A.K.