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Sony demands high incentives

THE JAPANESE firm Sony is asking the Slovak government to pay 42 percent of its planned investment into a plant which would produce LCD TV sets in Nitra, according to a secret document that the government discussed at the end of September.

According to the Pravda daily, the government has already asked the Economy Ministry and the Slovak Agency for Development of Investments and Trade to prepare an investment contract with Sony according to this material.

In percentage terms, Sony would be receiving the highest state support that has ever been provided to large investors in Slovakia.

The Economy Ministry's spokesman, Branislav Zvara, would not comment on the information.

"I cannot comment about specific numbers. The support for Sony is in line with the rules covering the provision of state incentives as well as with the EU legislation in the area," he said.

Sony is planning to invest Sk2.8 billion in Nitra and employ 3,000 people at the new plant. Around a half of these people should be transferred to Nitra from Sony's other plant in Trnava.

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