PAIZ says Japanese investors ready to put zl. 400 million into Poland

According to the latest estimates by the Polish Foreign Investment Agency (PAIZ), Japanese companies are still likely to invest zl. 400 million in Poland. However, bureaucracy and corruption are acting as major barriers and are discouraging Japanese investments. Currently there are eleven Japanese companies operating in Poland. "We estimate that Japanese companies that are lining up to start operations in Poland would invest over zl. 400 million," says Roman Kornacki, a member of the PAIZ management board. According to Norisuke Hanai, a director of the Japan External Trade Organization (Jetro), low labor costs and the fact that Poland will soon join the EU are the main factors that attract Japanese investors, who are in 18th place on the list of the largest foreign investors in Poland. (Puls Biznesu, p. 5; Prawo i Gospodarka, p. 3), M.T.