Eastern Slovakia is under consideration for the location of a new Hyundai car plant, according to the Czech magazine Prague Business Journal. Other countries in the running for the plant are the Czech Republic, Hungary, and Poland.
"The chances for attracting Hyundai are good. They are based on the fact that we started our economic reforms earlier than our competitors. The tax burden for businesses in Slovakia at 19 percent will be lower than what the Czech Republic can offer," said Economy Minister Róbert Nemcsics.
Earlier this year, PSA Peugoet Citroen began building a car plant in the western city of Trnava.
Compiled by Conrad Toft from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.
30. Jun 2003 at 10:19