IN SHORT

Patience pays off for Gemer and Novohrad

FOREIGN investments are starting to trickle down to less developed areas in southern Slovakia. Investments worth a total of Sk13 billion (€349 million) are expected to arrive soon in the Gemer and Novohrad regions, creating more than 2,500 jobs.

The most recent investment to be announced is that of the Russian-Japanese MPG Holding, which plans to invest Sk10 billion (€268 million) in a silicon processing plant in the town of Jelšava. The company should create 300 jobs, the SME daily wrote.

Another investment is that of German auto industry firm Dräxlmeier, which should create 1,200 jobs at a Sk700 million (€18.8 million) plant for the production of car cables. The new factory is to be located in the district of Rimavská Sobota.

The German Johnson Controls is launching production of car seats at a new plant in Lučenec, where 150 people will be employed.

Other investors have also expressed interest in Lučenec, including the Austrian company Roomberger, which plans a Sk300 million (€8 million) investment with 100 new jobs.

The Žilina-based Proma firm plans to invest 150 million (€4 million) in Fiľakovo into a plant producing insulation boards. The investment should create 160 jobs.

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