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
The mission held constructive discussions with Prime Minister Emmanuel Nadingar, Finance Minister Gata Ngoulou, Infrastructure Minister Adoum Younousmi, and other senior officials.
more »
The EBRD is helping to improve the quality of power supply and stimulate renewable sources of energy in the Caucasus with an €80 million sovereign loan to Georgia for the construction of a new high voltage transmission line - the Black Sea High Voltage line, which will interconnect Georgia and Turkey.
more »
The EBRD is helping to improve the infrastructure of the Georgian capital, Tbilisi, with a €100 million loan for the construction of a new railway route bypassing the city.
more »
One of the men considered to be the founding fathers of the euro currency met MEPs on the Foreign Affairs Committee Tuesday (16 March) to talk about transatlantic relations.
more »
European Trade Commissioner Karel De Gucht today opened a conference focused on the European Union's trade policy towards developing countries.
more »
At the beginning of the 2000s, state ownership in financial intermediation in Mexico accounted for about 20 percent of the total credit of the banking system, provided through development financial institutions and funds.
more »
Halving the number of business failures by offering individual support, doubling the number of young people who want to start their own business or raising by 500% the number of enterprising new cooperatives are just some of the projects nominated for the European Enterprise Awards 2010.
more »
The European Commission has published the fourth call for proposals for the creation and upgrade of freight transport services under the second Marco Polo programme.
more »
The European Central Bank (ECB) today announced a programme of technical cooperation with the Central Bank of Bosnia and Herzegovina, in collaboration with a number of euro area national central banks (NCBs).
more »
The EU disbursed today €1 billion to Romania, the second instalment of a €5 billion loan, which was agreed in May 2009 as part of a multilateral financial assistance package.
more »