Whirlpool signs contract to build new plant in Poland

The plant will become operational within two years and will create about 1,000 new jobs, with an additional 500 to be employed in the concern's subcontractors. State aid will be close to 50% of the investment, "Which is correct for an investment of this size," said Andrzej Zdebski, president of the Polish Foreign Investment Agency (PAIiIZ). He added that the contract, which was signed on Friday, guarantees security for both parties, as each of them has the same number of rights and obligations. Deputy Economy Minister Krzysztof Krystowski said that the government was working on a bill which would allow granting state aid to any investment whose value is at least EUR 40 million and would create at least 500 new jobs. (Warsaw Business Journal, p. 1; Parkiet, p. 7) M.M.