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Fiat Intensifies Investments in Poland

Published: May 9, 2014; 12:45 · (FriedlNews)

As reported by Polish daily Puls Biznescu, Italian automotive manufacturer Fiat plans on lauching the production of a new series, similar to the so-called Punto.

Fiat intends to invest in Poland and create further jobs. / Picture: © Flickr

The Italian carmaker intends to invest PLN 2.36bn (€ 562m) in assembley lines and technology. The development is projected to be completed by the end of 2017, which also involves the creation of 420 new jobs and keeping the 3,000 employees while Fiat’s subcontractors are expected to create 1,500 new jobs and keep the existing 1,900 jobs.

However, the Italian company has asked for public subsidies in the form of tax reductions in the Katowice Special Economic Zone (KSSE). "I am counting the hours to the cabinet's decision to expand the zone, as it is a key element of theinvestor's plan. Production of a new make will guarantee the Tychyplant work for years, as the Italians know how to sell even theolder cars," KSSE President Piotr Wojaczek said.