Spectator on facebook

Spectator on facebook

BUSINESS BRIEFS

Big car firms eye Slovakia

SLOVAKIA's chances of becoming big in the automotive industry are high, according to Ján Bajánek, head of the Slovak Investment and Trade Development Agency, as several Japanese, British, and US firms are considering Slovakia as the possible site for their new plants.

Bajánek said to the state-run TASR news agency on January 28 that a major US producer of trucks was considering investing $400 million (€328.7 million) into a factory in Slovakia that would create 2,000 jobs.

According to Bajánek, Slovakia is still in a good position for the Hyundai investment, and other Asian car producers, such as Mazda and Honda from Japan, are also considering coming to Slovakia.

Bajánek said the firms would each employ about 700 people and invest €200 million.

The British company Rover and the Japanese tiremaker Bridgestone are considering investing in Slovakia, Bajánek said.

Top stories

Slovaks drink less and less

Behind the decline in alcohol consumption is, for example, the abandoning of the habit of drinking at work – typical especially during communism, according to an expert.

Kiska: Even Europe has its aggressive neighbour

President Andrej Kiska addressed UN commenting poverty, instability and climate change.

President Andrej Kiska

Arca Capital enters the banking sector

Czech and Slovak financial group acquires a majority share in Austrian private bank Wiener Privatbank.

Bank, illustrative stock photo

Ryanair cancels some flights from and to Bratislava

The Irish low-cost airline publishes full list of cancellations

Irish budget airline Ryanair is believed to be cancelling up to 50 flights every day over the next six weeks because it "messed up" its pilots' holiday schedules.