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BUSINESS BRIEFS

Trnava still gunning for Peugeot factory

THE WEST Slovak town of Trnava is still hoping to attract a 700 million euro factory investment by French carmaker Peugeot, offering two sites with direct highway and freeway links, town officials have said.

The factory would employ three shifts of 2,300 people each. Slovakia, Hungary, the Czech Republic and Poland are all competing for the investment, although Belarus and Bulgaria also have an outside chance.

Because the latter two are not expected to be invited to join the EU in 2004, they have greater freedom to offer tax breaks and other investment incentives to investors.

Peugeot has said it will announce its decision early next year.

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