NEWS: EUROPE
Poland calls for 2012 investment
However, he said investment construction site. Now is the
opportunities in the four host time to invest.”
cities remain in the sectors Meanwhile co-host Ukraine
of construction and logistics says it will be ready in time for
through PPP projects. the tournament despite UEFA’s
“PPP is big in Poland. concerns about its stadiums
Warsaw and Poznan are and other infrastructure such as
developing major railway transport and accommodation.
stations, trams and bus It confirmed only one
transport for the tournament,” host city, Kiev, as being ready
said Libera. “Roads and air to stage games. Three other
terminals are being constructed cities – Donetsk, Lviv and
and the building of two- and Kharkiv – which hoped to stage
three-star hotels and hostels are games have been given until
also needed. Not every football November this year to prove
fan will sleep in a five-star hotel. their suitability.
“We also need shopping Illya Shevliak, the director of
malls and leisure centres. Talks the Coordination Bureau for Euro
tek
are going on with foreign 2012 in Ukraine, told Pathfinder
investors. There are a lot of Business: “UEFA cannot take the
.com/Skubabar tenders going.” tournament away from Poland
kphoto
The total investment sum in and Ukraine. We will have the
iStoc
Poland will equal “several dozen modern stadiums ready.”
By David Craik Wroclaw and Warsaw – would billion euro”, and management Ukraine is looking for $30bn
Poland is looking to public hold tournament matches. of the projects is being handled of investment for Euro 2012
private partnerships and foreign Aleksander Libera, of by the organisation PL.2012. of which 30% will come from
investors as it gears up to co- London’s Polish Embassy’s trade According to Libera, foreign the state. “The main spheres of
host the 2012 European Football and investment promotion investment to date has been private investments are hotels
Championships with Ukraine. department, told Pathfinder global: “Spanish, German and in regional cities,” said Shevliak.
In May, Europe’s football Business that the main Turkish companies have come “We also need private investors
governing body UEFA contractors for the four stadiums in, and Chinese companies are for airports in Donetsk and Lviv.
announced that four Polish had already been chosen and everywhere. Poland is about We are looking at public private
cities – Gdansk, Poznan, work was ahead of schedule. to be turned into a giant partnerships.”
Investors move Into
Greece ‘to privatise state utilities’
GeorGIa
Privatisation of Greece’s state-
owned utility companies is
By Ed Gould Japanese companies are expected this year in a bid to
Georgia is becoming an among those interested in service the country’s debt. Along
FDI hotspot in 2009 as investing in Georgia, according with the sale of other assets, like
it continues its recovery to Economic Development its holding in Olympic Airlines
following its war with Russia. Minister Lasha Zhvania. and telecommunications
“Georgia has weathered Gilauri claimed Georgia’s company OTE, Greece hopes to
.com/Pidjoe
the storm… and now private economy will be boosted by raise over 1bn euros.
kphoto
capital is coming back,” Prime some $4.5bn in aid pledges The Greek government has
iStoc
Minister Nika Gilauri said. from the international reportedly appointed Alpha of finding a strategic investor.
The Egyptian domestic community which, in turn, will Bank, Deutsche Bank, Rothschild It is widely thought that the
appliance manufacturer attract foreign investment. and UBS in an advisory capacity sale of water utility company,
Fresh has announced a He said that Georgia’s low- to assist in the sale of DEPA, the EYATH, is in the pipeline
$1.2bn manufacturing tax regime and its strategic natural gas monopoly. once investment in DEPA is
investment in the Caucasus geographic position would In March, plans to publicly secured. EYATH is a buoyant
state. Chinese, Indian and continue to attract investors. float the 65% government share performer and will be eyed with
of DEPA were shelved in favour interest by investors.
10 PathfiNdER bUSiNESS l JUNE/JULY 2009
PBS12 pp04-11 Comment+News.indd 10 8/6/09 12:47:41
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