Slovakia shortlisted for Hyundai investment

Žilina, Slovakia has been shortlisted as one of the two sites being considered for the construction of a new car assembly plant that the South Korean Hyundai plans to build in central Europe. The second considered site is Radomsko, Poland.

Hyundai had also originally considered the Czech Republic and Hungary as potential destinations for the investment of around $1.5 billion.

The carmaker is expected to make a final decision about the plant's location at the beginning of 2004, according to the SITA news wire.

Building the plant would strengthen Hyundai's position in Europe. During the first half of this year, it boosted its European sales by
34.5 percent year-on-year.

Construction works might take two years. The planned annual production would be 300,000 cars, giving the region 7,000 new jobs.

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

Get daily Slovak news directly to your inbox

Top stories

Košice

News digest: Slovakia has passed the peak of the second wave, health minister says

Polish doctors will help take swabs in Slovakia this weekend. People who have had COVID can just show their positive test result.

11 h
Rapid testing in Košice

Nationwide COVID-19 testing – and criticism – starts again

Longer ‘screening’ different to October operation.

17 h
Ján Sýkora is an easy-going ice-hockey player who has got a great sense of humour.

Fashion brands mean nothing to me. Professional hockey player about his life in central Slovakia

In an entertaining interview, the down-to-earth ice hockey player, Ján Sýkora, talks about being a busy bee with a poor memory.

21. jan

Old-age pension scheme gains three new features

Brand new parental bonus raises concerns.

21. jan