Visteon to receive Sk423 million in state aid

SLOVAKIA is to provide Sk423 million in state aid to support a planned investment by Visteon Slovakia, founded by Visteon International Holdings.

According to a draft investment contract prepared by the Economy Ministry, Visteon plans to invest Sk2.6 billion by 2008 in a new factory in Nitra and a warehouse in Dubnica nad Váhom for the Hyundai/Kia car plant near Žilina.

The company plans to create 508 jobs by 2010.

Of the total investment incentives proposed, direct subsidies come to Sk387.8 million while tax breaks make up Sk7.9 million. The company should also get Sk27.2 million in state aid for training and education programs.

The new factory will make parts for car interiors and air conditioning systems.

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

Top stories

Trenčín covered in Christmas lights on November 29, 2021.

Weekend: Ježiško's Christmas Post Office is open, expecting letters from around the world

Make yourself comfortable and explore what has been going on in Slovakia in the past days.


3. dec

News Digest: Climate in Slovakia could be similar to Italy's in a few decades

Suburban transport in Bratislava Region to improve, registration for regulated parking in Bratislava launched, utility regulator announces price caps for 2022.


3. dec
Waydanovský House, today Martineum, after reconstruction.

Historical house near Bratislava cathedral no longer needs to hide behind Van Gogh

The Waydanovský House, now Martineum, will serve as the background facility for St Martin's Cathedral. Take a look at how it looked in the past and now.


1. dec

Culture Ministry looks to create ‘21st century environment’ for Slovak media

Transparency of ownership and financing among proposed overhaul of decades-old laws.


2. dec
Skryť Close ad