Slovakia denies being out of Hyundai bid

SLOVAK economy minister Pavol Rusko and local investment agency SARIO denied recent reports by Hungarian news agency MTI that only Hungary and the Czech Republic remained in the competition for the South Korean carmaker plant.

Head of SARIO Ladislav Balko said that in his opinion the recent reports were "only part of a fight for the investor".

Hyundai wants to build a plant in central Europe, creating between 5,000 and 7,000 jobs. The final decision on the investment's destination is expected in spring, 2004.

Rusko also denied that Slovakia was out of the competition in an October 9 interview with a private TV channel Markíza.

Rusko is currently in South Korea in an effort to win the investment for Slovakia.

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

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