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Cabinet approves draft contract with Samsung Electronics

The Slovak government did not officially confirm the information presented in the media that the South Korean electronics producer Samsung has decided to land its new investment in Slovakia.

Nevertheless, the cabinet approved a draft investment agreement on March 7 between Slovakia and the South Korean company.

"The cabinet settled all the necessary issues that the foreign investor required at today's session. It is now up to the investor whether the agreement will be signed," Economy Minister Ľubomír Jahnátek announced after the cabinet's session.

The minister is optimistic about Slovakia's chances of going through with the investment.

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

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