KIA blames Slovak government for poor investment management

THE KOREAN carmaker KIA has taken a tough line on the Slovak government's handling of its car factory investment near north-western Slovakia's Žilina. In an official stand, the carmaker openly criticized the state for not providing subsidies to its 10 supplier firms.

KIA also said that the state had failed to meet several obligations, including road construction and the purchase of land needed for the factory, which has been delayed over 17 months, the daily SME wrote.

KIA officials claim that the company's expenses have risen sharply because of the Slovak government's poor management of its investment.

Former Economy Minister Pavol Rusko promised state aid worth Sk663 million to KIA's suppliers. However, the Slovak cabinet later rejected Rusko's offer, shortly before dismissing the minister over corruption suspicions, arguing that the suppliers' investments do not bring added value production to the country.

The carmaker is considering taking the case to court if its suppliers do not receive state incentives.

Compiled by Beata Balogová 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

Kočner: I told Fico that if I was left alone, he would be PM

Denník N published another one of Kočner's recording. In it he mentions his dealings with the former prime minister.

Robert Fico

Bishops stand up against Kuffa

Even indirect engagement in politics is not adequate for clerics, they wrote.

Catholic priest Marian Kuffa

Freedom can be lost democratically, from the inside

Has the country survived the abductions of the state, the inoculation of Mečiar, Fico governments and the Kočner underworld without harm to democracy?

For a Decent Slovakia gathering: The legacy of November 1989 lives on

The organisers and participants stressed the importance of the 2020 general election.