Prime Minister Robert Fico on July 2 attended the laying of the foundation stone for the new body shop at Volkswagen Slovakia’s facility in Bratislava, the TASR newswire reported.

"Today is another milestone in the more than 20-year-long co-operation between Slovakia and Volkswagen," Fico said at the ceremony, as quoted by TASR. The project has a cost of €600 million and is one of the biggest current investments in the country. The building will house a new body shop that will produce SUVs and is scheduled to open in late 2014 and cover an area of 100,000 square meters.

"Apart from creating more than 550 new jobs, the project will also bring major know-how to Slovakia," said Volkswagen Slovakia CEO Albrecht Reimold, as quoted by TASR. In the next few years, Volkswagen intends to invest some €1.5 billion in its Slovak facility. The car producer currently employs some 8,000 Slovaks.

Source: TASR

Compiled by Zuzana Vilikovská from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.