Spectator on facebook

Spectator on facebook

Cabinet approves investment incentives of Sk1.3 billion; Kia gets another Sk1.2 billion

THE SLOVAK cabinet approved state aid totaling Sk1.3 billion to six foreign investors at its December 13 session.

The Economy Ministry had proposed that incentives be approved for the companies CRW Slovakia, Sitem Slovakia, Visteon Slovakia, Unomedical, SCA Hygiene Products Slovakia, and Johnson Controls Lučenec.

Johnson Controls and Visteon will get the largest share of the approved package. Johnson, which plans to invest Sk993 million in Lučenec in Eastern Slovakia, will get Sk471 million. It plans to employ about 350 people in its new car components plant.

Visteon will get almost Sk396 million in incentives. It plans to invest Sk2.6 billion into a new car components plant in Nitra, where it plans to employ over 500 people.

The government also approved further incentives for Kia Motors Slovakia, which plans to invest another Sk8.1 billion into boosting its engine production unit near Žilina. Capacity at the plant should increase from a planned 300,000 to 600,000 engines per year.

Top stories

It’s not easy being an ‘alien’ in Slovakia

Are Slovaks scared of foreigners? The stories of those who are trying to make their homes here suggest that ignorance and bureaucratic inertia, rather than fear, cause more problems.

Dealing with state offices may be difficult and time-demanding.

What has remained here after Stoka, Propeller or Cvernovka? Photo

The book BA!! Places of Living Culture 1989-2016 brings authentic accounts about 38 independent cultural spots in Bratislava.

Blaho Uhlár, founder of the Stoka theatre, in front of the theatre in 2006.

Nu Dance festival changes date and the finale coincides with International Dance Day

The festival of contemporary dance has not just moved in time but also from the stage to the streets, encouraging public participation.

Renan Martins: Let Me Die in My Footsteps

(W)Rapping up two worlds in one music

The Fjúžn festival annually presents interesting musical projects from people who cross borders, literally or symbolically. This year, the headliner of the main festival concert on April 22 will be the French-Iraqi…

The Iraqi-French band Aiwa