Spectator on facebook

Spectator on facebook

PPS Detva Holding in talks with Volvo

The troubled engineering company PPS Detva Holding says it is in talks with car manufacturer Volvo.

"[Volvo] does not want to buy the company, but wants a long-term partnership with us until 2010. They are prepared to invest €1.3 billion in new technology for the factory. Each year of cooperation with the company would bring ?5 billion in orders," PSS Detva Holding director Igor Chrápáň told the state news agency TASR.

The company believes this would result in an additional 150 jobs.

However, the talks depend on clarification of PSS Detva Holding's position with its creditors, who have not been able to agree on new ownership for the firm.

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


Top stories

Roma segregation - Slovakia’s evergreen problem

Amnesty International slams Slovakia for discriminating against minorities and for hate speech in its annual report.

JLR plant, cheap mortgages alter market

In the sector of industrial real estate attention is focused on Nitra and its vicinity, where Jaguar Land Rover (JLR) is building a new plant.

Slovak drama of the early 20th century goes English

Visual art, dance and music are universal means of expression; drama, on the other hand, is determined and limited by the language it is performed in. To offer the world at least a taste of Slovak drama, the Theatre…

L-R: Diana Mórová (Eva), Kamila Magálová (Matka), Ján Koleník (Bača Ondrej) in Ivan Stodola's play Shpeherd's Wife in the Slovak National Theatre

North-south gas interconnection moves closer

Slovak gas projects will receive finances from the European Union.

The gas pipeline operator Eustream is the biggest taxpayer in Slovakia.