Brussels may let the Polish government subsidize FSO car plant

(Paweł Kubisiak)
opublikowano: 08-09-2006, 12:41

Warsaw (Puls Biznesu) – The Ministry of Economy believes that chances are bigger for Poland to be allowed to subsidize FSO car producer.

Warsaw (Puls Biznesu) – The Ministry of Economy believes that chances are bigger for Poland to be allowed to subsidize FSO car producer.

 

The Warsaw car plant may launch production of a new model soon. It would let the company, employing 4,000 people, revive after its previous owner, Korean Daewoo Motor went bankrupt. However, the company needs credit guarantees from the state for its new Ukrainian investor.

“During the talks in Brussels held on August 31st, the representatives of the European Commission admitted that there may be a need to give equal chances to the industry now that the European car producer have so many difficulties. It’s much better then before, but I’m not overoptimistic”, Pawel Poncyljusz, the deputy Minister of Economy said.

 

The European Commission has its conditions.

“According to the restructuring plan, the production of the new model should amount to 150,000 units till the year 2008. Then, it should grow. The EC wants to know the opinion of the Polish authorities concerning means which would not disturb competition on the world market”, Pawel Poncyljusz said.

In addition, the EC wants to see the documents concerning the group, in order to know what companies build it and what’s their financial situation.

 

The rights to produce Daewoo Lanos and Matiz expire at the end of 2006. Ukrainian AwtoZAZ is going to produce Chevrolet T-250 in FSO. The state is expected to guarante 60 percent of a USD 100m credit to launch the production.

© ℗
Rozpowszechnianie niniejszego artykułu możliwe jest tylko i wyłącznie zgodnie z postanowieniami „Regulaminu korzystania z artykułów prasowych” i po wcześniejszym uiszczeniu należności, zgodnie z cennikiem.

Podpis: (Paweł Kubisiak)

Polecane

Inspiracje Pulsu Biznesu

Puls Biznesu

Puls Inwestora / Brussels may let the Polish government subsidize FSO car plant