KIA disappointed by rejection of state incentives for suppliers

KOREAN carmaker KIA is disappointed with the Slovak government’s decision to reject state incentives to its suppliers, company spokesman Dušan Dvořák announced yesterday.

According to Dvořák, Slovak Finance Minister Ivan Mikloš, while serving as acting Economy Minister for a short time following the departure of Pavol Rusko, told KIA representatives that all pledges concerning state assistance to suppliers would be kept.

However, Finance Ministry spokesman Peter Papanek said: “It is not true that Minister Mikloš, while he was acting economy minister, made promises on any investment incentives for suppliers”.

“The minister only held talks directly with the KIA carmaker about investment incentives for the parent company," said Papanek.

Rusko promised incentives totaling Sk663.6 million (€17.7 million) to KIA suppliers but did so without the cabinet’s consent, according to current Economy Minister Jirko Malchárek.

The government therefore decided to reject the requested incentives. Another reason is that under Slovakia’s new rules on incentives, KIA suppliers are investing in an area that does not entitle investors to receive state aid.

KIA argues, however, that the “Slovak government must take full responsibility for all the acts of its members,” according to the Hospodárske noviny business daily.

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

The processing of personal data is subject to our Privacy Policy and the Cookie Policy. Before submitting your e-mail address, please make sure to acquaint yourself with these documents.

Top stories

Owls indicate spring is coming

Male owls lured by bird calls fly in to take a look at the intruder.

Long-eared owl

“By a sharp knife” cuts through the heart of injustice in Slovakia

A film inspired by the 2005 murder of student Daniel Tupý will be premiered to the Slovak public on February 21.

Director Teodor Kuhn behind the scenes of Ostrým Nožom.

The moment that changed my perception of the media

One flew over the newsprint: Images from the history of the Sme daily

Alexej Fulmek (right) and Karol Ježík in the early days of Sme.