CORPORATE BRIEFS

VW predicts capital investments at 230 million DEM in '99

In 1999, the total capital investments of Volkswagen Slovakia will amount to $230 million, said VW Slovakia Commercial Director Jozef Úhrik on November 5. The plant currently produces 300 units of its Polo model per day, as well as components for other VW cars exported to other VW companies. The firm's expected total 1999 output is 60 billion Slovak crowns.

Úhrik responded to recent reports concerning a moderate decrease in production at the Bratislava plant. He explained that the decrease was linked to VW Slovakia's introduction of new production lines for the assembly of the Polo cars.

VW Slovakia rolled out 125,181 automobiles and assembled 328,558 gearboxes and 8,183,464 car components in 1998. VW concern bosses are now looking to double the 1998 output at their Bratislava plant by the year 2000. Six months into 1999, Volkswagen reported a net trade surplus of 7 billion Slovak crowns, compared to a 1998 full year total of 9.3 billion Slovak crowns.

VW Bratislava currently employs 5,500 people. The VW concern has 14 direct suppliers from Slovakia. In 1998, VW Slovakia produced 125,000 cars and its turnover represented some 58 billion crowns.

Get daily Slovak news directly to your inbox

Top stories

News digest: Nationwide testing gained contours

The Defence Ministry reveals details on upcoming testing, removal of the STU rector was far from normal. Take a look at our latest news digest.

President Zuzana Čaputová meeting with scientists and experts on epidemiology, infectology and medicine.

Senate voted STU rector down. Police called to the uni as well

The session of the Academic Senate proposed that Rector Fikar be dismissed.

Miroslav Fikar

Dozens of people die of COVID every day. A drop not expected for at least two weeks

People who would otherwise survive may die of other serious diagnoses due to the epidemic.

Illustrative stock photo

Slovakia orders a curfew and embarks on its COVID experiment

High turnout in testing in four northern districts, decision awaited on extending the project to the nation. Prison for a prominent prosecutor and parliament's speaker injured.

Waiting for the results of COVID tests during the pilot phase of the nationwide testing in the town of Nižná in Orava, northern Slovakia.