Spectator on facebook

Spectator on facebook

Simonstein & Henriks Corporation chooses eastern Slovakia

THE US FINANCIAL group Simonstein & Henriks Finance Corporation today officially announced its intention to invest about Sk16.5 billion (€438 million) in eastern Slovakia's Špišský Hrhov.

The Slovak state investment agency, SARIO, said the corporation would build a greenfield factory on 100 hectares of property.

"The plant should supply products for the car industry and will create about 1,000 new jobs, which will have a considerable impact on the growth of employment in a region where the jobless rate exceeds 15 percent," SARIO spokesman Michal Novota told the press.

Simonstein & Henriks are represented in the transaction by the Akerman Advisory Association consultant company.

"We decided to use the advantages of the Slovak investment environment and put a production company in Spišský Hrhov. I hope we will get through all the necessary negotiations as soon as possible and start to produce a whole variety of products for cars, vans and boats at the end of 2008 as intended," said Gérard Leroux, the CEO of the Ackerman Advisory Association.

Top stories

Roma segregation - Slovakia’s evergreen problem

Amnesty International slams Slovakia for discriminating against minorities and for hate speech in its annual report.

JLR plant, cheap mortgages alter market

In the sector of industrial real estate attention is focused on Nitra and its vicinity, where Jaguar Land Rover (JLR) is building a new plant.

Slovak drama of the early 20th century goes English

Visual art, dance and music are universal means of expression; drama, on the other hand, is determined and limited by the language it is performed in. To offer the world at least a taste of Slovak drama, the Theatre…

L-R: Diana Mórová (Eva), Kamila Magálová (Matka), Ján Koleník (Bača Ondrej) in Ivan Stodola's play Shpeherd's Wife in the Slovak National Theatre

North-south gas interconnection moves closer

Slovak gas projects will receive finances from the European Union.

The gas pipeline operator Eustream is the biggest taxpayer in Slovakia.