Will Radomsko be third time lucky with Hyundai?

The Radomsko Council is trying to persuade Hyundai to chose the town as the site for its new car assembly plant. However, since the Korean producer announced it was looking for a location in Central Europe several other cities in the Czech Republic, Slovakia and Hungary are competing to win the investment. At stake is $425 million and the creation of between 3,000-4,000 new jobs. Radomsko, which has lost the battle to win investments from Peugeot-Citroen and Toyota, that decided to locate the factories in Slovakia and the Czech Republic, is now trying again. Radomsko local authorities may be learning from their mistakes as this time they promise to expand local infrastructure and offer the Korean investor tax breaks as well as grants for creating new jobs and training workers. The decision of the car maker is expected in May 2004. (Puls Biznesu pp. 1, 12) M.K.