An Announcement From the German Embassy and the
Polish-German Society
for Economic Support SA (TWG)
Frequent press information on the German-Polish Bureau for Economic Development, which assists Polish businesses in securing loans from foreign banks, often leads readers to associate the organization with the Polish-German Society for Economic Support SA (TWG). For this reason, the German Embassy would like to make a clear distinction between the two organizations.
TWG and the German-Polish Bureau for Economic Development are two completely different organizations that have nothing in common apart from similar-sounding names and headquarters in Gorzów Wielkopolski.
By being associated with TWG's name and headquarters address, the German-Polish Bureau for Economic Development takes advantage of TWG's reputation and reliability-evaluated highly by Polish and German economists and politicians-to further its own activities.
In offering to help companies acquire cheap loans from foreign banks, the Polish-German Bureau for Economic Development profits from the ignorance of thousands of people.
Information on the bureau's services sometimes causes confusion and prompts customers to associate it with the Polish-German Society for Economic Support SA, or TWG, which is a public institution promoting Polish-German business cooperation.
TWG is a joint-stock company founded in 1994 by the Polish and German governments. Its shareholders include the province governors of Poland's four provinces bordering Germany (Szczecin, Gorzów Wielkopolski, Zielona Góra and Jelenia Góra) and four German Lnder bordering Poland (Berlin, Brandenburg, Saxony and Mecklenburg).
TWG's activities-including supporting the operations of Polish and German companies, organizing business conferences and cooperation fairs and preparing information and promotional publications-are aimed at stimulating Polish-German business cooperation by catering to the needs of Polish and German companies interested in cooperation. TWG is a non-profit organization, and it renders services to Polish and German businesses completely free of charge.
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