Kronospan incentives approved

THE SLOVAK government recently approved incentives for the Cypriot-based wood processing group Kronospan, which plans to invest Sk12 billion in its Slovak plants in Prešov (Sk3.9 billion) and Zvolen (Sk8.1 billion).

The investment should increase the number of Kronospan employees in Slovakia from the current 500 to 1,050, the Hospodárske noviny wrote.

The government approved incentives in the form of a 10-year tax break.

Several business associations in Slovakia have criticized Kronospan's approach of threatening to close its Slovak plants if it did not receive state support.

However, Finance Ministry spokesman Peter Papanek suggested that the government saw no reason to refuse to support the company, as long as the request was for a tax break rather than actual money.

"We have to realize that Kronospan will employ people in Zvolen and Prešov who would not find employment elsewhere due to their low education," said Papanek.

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

Courageous pensioner, Roma from Moldava and victims of totalitarian regime awarded for courage

White Crow awards were handed out on the anniversary of the Velvet Revolution.

White Crows 2019

Crossing the Slovak-Austrian border has never become a matter of course for me

How I ran for Mária Rozmaňová who was killed on the border in 1952.

About 50 people ran on November 17 to commemorate the 42 people who were killed at the Iron Curtain between former Czechoslovakia and Austria in their attempts to flee the Czechoslovak Socialist Republic in 1948-1989.

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

Čaputová on the anniversary: Democracy is an opportunity

Politicians celebrated 30 years of freedom, too.

Zuzana Čaputová and Miloš Zeman