Massive investment heading to Spiš region

TWO cabinet officials confirmed that a multi-billion crown investment scheme is to be announced today for Spišský Hrhov, a tiny village near the north-eastern Slovak town of Levoča.

An unnamed US foreign investor intends to spend Sk16.5 billion (€440 million) on a new plant for the production of trailers, a deal that would rival the car plants recently built by PSA Peugeot Citroen and Kia Motors, the Hospodárske noviny wrote.

The plant should employ 1,100 people.

According to the daily, the investor negotiated the deal with the Dzurinda government through a financial mediator, Simonstein & Henriks Finance Corporation, which represents the investor at this stage of the project.

For details of the investment, see The Slovak Spectator's Flash News later today.

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

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