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Poland's El Dorado

Swedish white goods producer Electrolux will invest around EUR 40 (zł.161) million in the southwestern town of Świdnica. The company will build a plant employing at least 400 people. Work on the 30-hectare plot of land related to the construction of the plant will be launched in September.

A number of other companies are to base their production in Świdnica as well. Local-based plating producer Galess has bought a two-hectare plot of land for construction of a new plant, Adampro is building a factory of accessories for the furniture industry and Italian Industrie Maurizio Peruzzo Comfort will invest EUR 2 (zł.8) million and create at least 40 new jobs in the area. In total, it is estimated that over the next 2-2.5 years some 2,000 jobs will be created in the town, which attracts companies with its favorable investment conditions. "We have lowered real-estate tax for all entrepreneurs. As one of the few in Poland we will exempt them from paying this tax for as long as 10 years, after they meet a number of criteria," the president of Świdnica, Wojciech Murdzek, said.

The town is also preparing 140-hectare and 240-hectare plots for further investments.

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