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
On 11 February, heads of state or government of European Union member states will meet in Brussels to seek a commitment towards implementing a revitalised economic strategy to boost employment and growth in the EU.
more »
International Monetary Fund forecasts that Lithuania’s economy will grow 1.6 % this year, making it “the only one of the three Baltic economies expected to be in the positive territory in 2010”.
more »
Raynair announced it would open its 40th and 1st Central European base at Kaunas, Lithuania’s second largest city, in May with 2 based aircraft and 18 routes.
more »
A new Partnership Strategy for Morocco has been approved by the Board of Executive Directors of the World Bank.
more »
The electric car is an opportunity for European industry.
more »
The EBRD’s Board of Directors has adopted a new strategy for Kazakhstan, which reinforces the Bank’s commitment to further support the Kazakh economy and sets out the priorities for its activities in the country over the next three years.
more »
The European Commission has authorised, under EU state aid rules, plans notified by Sweden to provide a guarantee that would enable Saab Automobile AB to access a loan from the European Investment Bank (EIB).
more »
At the informal meeting of the Ministers of Competitiveness (Science and Industry), to be held between 7 and 9 February in San Sebastian, the issues on the table will include placing science at the top of the EU agenda and showcasing its role in economic recovery, as well taking the debate on the electric vehicle to EU level.
more »
The Executive Board of the International Monetary Fund (IMF) today approved a 27-month Stand-By Arrangement with Jamaica in the amount of SDR 820.5 million (about US$1.27 billion) to support the country’s economic reforms and help it cope with the consequences of the global downturn.
more »
Mr. Nadeem Ilahi, chief of an International Monetary Fund (IMF) staff mission to the Kyrgyz Republic, issued the following statement today in Bishkek.
more »