Spectator on facebook

Spectator on facebook

Kia Motors awaiting green light on further state subsidy

Car maker Kia Motors Slovakia may get a state subsidy of Sk1.15 billion to expand production, according to a proposal that the Economy Ministry has submitted for comment. If the government gives a green light to the subsidy, Kia will launch the project at its Teplička nad Váhom-Mojš plant (Źilina Region) by the end of this year.

The planning of the construction and the recruitment and training of staff are to start this year. Mass production should be launched in 2008. The project is to be financed from the Economy Ministry budget for next year. The Kia car plant in Žilina plans to produce 150,000 cars this year, and with the increased production facility, 250,000 cars in 2008. Its full capacity of 300,000 cars a year should be reached in 2009, after a third shift is introduced. - TASR

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

Top stories

Job ads should inform about basic salary

One of the proposal’s authors from the Smer coalition voted in May against a similar proposal authored by opposition deputies

The shortage of workforce is a growing problem for entrepreneurs.

Top 3 news from Last Week in Slovakia Video

EMA will not relocate to Slovakia - Job ads will have to state actual payrates - Trnava factory to produce electric cars

PSA plant in Tranva.

Námestie Slobody square closer to facelift Photo

The Bratislava city council wants to revitalise the square by the end of 2018

The winning project for revitalisation of Námestie Slobody square

Slovak hockey league will not rest during Olympics

Unlike the Slovak premiere hockey league, Swiss, German and Russian leagues will take a break during the 2018 Winter Olympics.

Ice hockey is popular in Slovakia