Investor threatens changes if tax promises scrapped

US investor Molex Slovakia, which has put $5-6 million into building a factory near east Slovakia’s Košice, says it may have to change its investment plans or even leave Slovakia if the government changes its tax relief promises in line with EU rules.

Molex promised to invest another $70 million over 10 years in return for five years of no taxes, and another five years paying 50 per cent of the set rate. The EU, however, has called such tax advantages unfair, and has made their elimination a condition of entry.

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

Top stories

News digest: National Gallery prepares for its big move

Kids and pensioners will get tablets used in last year's census, the highest ski slope opens to skiers, and there are fewer fake banknotes.


1 h
A lookout point on the hike to the Babky peak in the Western Tatras on January 23, 2022.

Weekend: Which big stars will gig in Bratislava and Prague in 2022?

As usual, you will also find weekend hiking tips in the Spectacular Slovakia Roundup.


10 h
Bratislava airport

Slovaks often find it hard to believe someone wants to live in their country

Homecoming may also not be easy because of how returning Slovaks are received at home.


27. jan
The Three Borders (Trojhraničie or Trojmedzie), a place where the countries of Slovakia, Hungary and Austria meet.

The Three Borders near Bratislava is accessible again, legally

Visitors will likely catch a glimpse of the largest flying bird in Europe wintering here.


24. jan
Skryť Close ad