Japanese Investment in Poland to Grow, Premier Koizumi Says
Published:
20 August 2003 y., Wednesday
Japan wants to build on the $352 million the country's investors have poured into Poland, taking advantage of the former communist nation's 2004 entry into the European Union, Japanese Prime Minister Junichiro Koizumi said.
Koizumi, who met with Polish Prime Minister Leszek Miller in Warsaw during a European tour, said investment has room to grow in Poland, the largest Eastern European country set to join the EU on May 1, 2004.
Asian and U.S. companies, such as Toyota Motor Corp. and U.S. Steel Corp., are looking to expand in Eastern Europe, where wages and operating costs are cheaper, before Poland, the Czech Republic, Hungary and other five other former East bloc nations join the world's largest trading region.
The EU's expansion to 25 nations will create a border-free market of 450 million consumers. Poland has been seeking to lure more foreign investments before becomes a member to help it recover from its worst economic slowdown since the nation abandoned communism 14 years ago.
Foreign direct investment last year to Poland dropped 15 percent to $6.06 billion, a five-year low. This year's investments won't be higher as government cutbacks in state-asset sales will curb revenue from abroad for a third-straight year.
Šaltinis:
bloomberg.com
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
New legislation for pan-European supervision of credit rating agencies and a public debate on how financial institutions are managed.
more »
On 2 June in Vilnius, Lithuania‘s Vice-Minister of Foreign Affairs Asta Skaisgirytė Liauškienė and Deputy Director General of the World Trade Organization Rufus H. Yerxa discussed the main issues on the international trade policy agenda, Russia‘s WTO accession and the changing role of China in the world economy.
more »
2157 former construction workers in Spain and 598 ex-employees at the Irish crystal glass company Waterford Crystal with suppliers could get €11 million in EU globalisation adjustment fund aid for training, self-employment and professional orientation under plans approved by the Budgets Committee on Wednesday.
more »
Companies from the UK, Belgium, Germany and Spain have won the 2010 European Business Awards for the Environment.
more »
The planned overhaul of EU fisheries policy should devolve more powers to regions, protect small coastal fleets and boost aquaculture, said MEPs and members of national parliaments on Tuesday.
more »
The first in a series of loan agreements for energy efficiency investments in multi-apartment buildings was signed today between the European Investment Bank (EIB), as manager of the JESSICA holding fund in Lithuania, and Šiaulių bankas.
more »
Despite the current economic crisis and tensions in the euro, Estonia is set to adopt the single currency in January.
more »
Commission proposes a bank tax to cover the costs of winding down banks that go bust.
more »
The European Investment Bank will provide a total of EUR 400 million to Hellenic Petroleum SA in order to increase the production of cleaner fuels via the upgrading of the Elefsina refinery.
more »
European ministers meet on Tuesday and Wednesday in Brussels at the final Competitiveness Council to be held during the six months of the Spanish Presidency, which has an agenda laden with important issues such as the electric vehicle, the European patent system and national R+D investment goals.
more »