Second round of Hyundai negotiations to start next week

Andrzej Szejna, the Deputy Economy Minister, has announced that the second phase of negotiations with the Korean car manufacturer Hyundai/KIA will start next week. A few days after revealing that the concern has shortlisted Poland and Slovakia for further negotiations, Szejna visited the central headquarters of the company. "I presented them with a letter from the Prime Minister Leszek Miller, in which he confirmed earlier declarations and invited the company's representatives to visit Poland. We have a few months for the second phase of negotiations and at present we are waiting for Hyundai to reveal their expectations," explained the Minister. Poland also intends to present a few new locations to the company. "We do not intend to encourage them to give up the primary location in Kobierzyce. However, when the company chooses Poland, subcontractors might also want to enter the country," assured Szejna. According to regulations, the government and local authorities can offer Hyundai support of up to 15% of the total investment, which might top $700 million. (Puls Biznesu, pp. 1, 7) M.M.