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
President of the Republic of Lithuania Dalia Grybauskaitė welcomed the decision taken by the U.S. Government to transport shipments for the international mission in Afghanistan by transit via the Klaipėda Seaport.
more »
EU Solidarity Fund aid to repair storm damage in France and Portugal was approved by the Budgets Committee on Thursday.
more »
The European Investment Bank and the Government of Samoa formally agreed to support the rehabilitation and upgrade of independent water schemes in the Pacific island state under a EUR 250,000 technical assistance programme.
more »
Steps to overhaul the European Union's flagship single market were discussed on Tuesday (9 November) by MEPs and interested parties.
more »
Strategy to secure a sustainable EU energy supply and support economic growth over the next decade.
more »
EU funding to help 850 former workers in the aircraft maintenance industry around Dublin find new jobs was approved by the European Parliament on Thursday.
more »
Saffron farmers in western Afghanistan hope to oust opium as a harvest crop.
more »
The European Commission has approved an application from Poland for assistance from the European Globalisation adjustment Fund (EGF).
more »
New plans for EU industry to create jobs while keeping manufacturing in Europe.
more »
The European Commission has approved two applications from Spain for assistance from the EU Globalisation Adjustment Fund (EGF).
more »