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Government rejects incentives for KIA suppliers

FOREIGN suppliers to South-Korean carmaker Hyundai/KIA, which is constructing a production plant near Žilina, will not receive state assistance, the government announced yesterday.

Economy Minister Jirko Malchárek said that according to new rules on state stimuli, it is not possible to provide state aid, the SITA news agency reported. Nine mainly Korean investors are asking for a total Sk663.6 million (€17.7 million) in aid.

According to Malchárek, former Economy Minister Pavol Rusko promised the money to these companies without the cabinet's prior approval. Malchárek thinks that the former minister overstepped his powers and will thus file a criminal complaint against him with the Office to Fight Corruption.

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

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