Town loses out on zł. 150 million investment due to last-minute demands

The transaction of the purchase of the land was due to be finalized a few days ago. The Japanese firm is now looking for an alternative location, which would be situated up to 100 kilometers away from Warsaw. "There are quite many offers, but only two locations are prepared for beginning an investment immediately," said Sebastian Mikosz, deputy president of the Polish Information and Foreign Investment Agency (PAIiIZ). However, the land prices in the two locations are much higher than in Grodzisk Mazowiecki, and it is uncertain if the investor would accept them. Fuji Seal has already announced that if it does not manage to finalize the transaction by the end of May it will withdraw from investing in Poland altogether. (Puls Biznesu, p. 6) A.F.