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

Massive gatherings remember Kuciak and Kušnírová: We did not forget!

One year after the murder of journalist Ján Kuciak, large protests took place around Slovakia.

Protest gathering in Bratislava, February 21, 2019.

Owls indicate spring is coming

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

Long-eared owl

Murder of journalist: We need to see indictments of masterminds soon

International journalists’ organisations are “cautiously optimistic” after meeting investigators of the Kuciak murder.

Ján Kuciak

Ján Kuciak and Martina Kušnírová were murdered one year ago (timeline)

These are the notable moments of the first year since the murder.

Paying tribute to Ján Kuciak and Martina Kušnírová.