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The Warsaw Voice » Business » July 30, 2012
Business & Economy
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Longer Lease of Life for SEZs?
July 30, 2012   
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The Economy Ministry has drafted a proposal to extend the life of Poland’s 14 special economic zones until at least 2026. Under existing law, the SEZs would have to stop operating in 2020.

The government will look at the ministry’s proposal in the fall. If approved by the government and passed by parliament, the proposal will extend the life of the zones and ensure they are better adapted to changing economic and business conditions, the Economy Ministry said.

“This means a wider range of zone operations with a view to attracting more investors and creating a better investment climate,” Deputy Economy Minister Ilona Antoniszyn-Klik told the Newseria news agency.

The Economy Ministry believes the zones should stay in business at least until 2026. Otherwise Poland may lose some of its foreign direct investment influx, the ministry says.

“The [proposed] extension to the life of the zones is an example of maintaining the stability of Poland’s investment system, because special economic zones have been one of the main factors contributing to investor interest,” said Antoniszyn-Klik.

There are 14 special economic zones in Poland. Companies operating within these zones can count on attractive terms of doing business, including tax breaks.

According to the Economy Ministry, the country’s special economic zones have helped create more than 250,000 jobs nationwide and attracted about zl.80 billion in investment.
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