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Sky Media to get Sk800 million in incentives

SLOVAKIA will support an investment from the Swiss CD and DVD producer Sky Media Manufacturing worth more than Sk4 billion (€98.7 million) with incentives amounting to Sk800 million (€19.7 million), Economy Minister Pavol Rusko said.

Though he noted that tax holidays would comprise half of that amount and Sk40 million (€987,000) would be provided for the settlement of land, Rusko declined to comment on any further items on the incentive list, the news wire TASR wrote.

Sky Media Manufacturing is a part of the Sky Tec Group, a leading global producer with an annual production of 100 million CDs and 50 million DVDs.

The new plant in Nové Mesto nad Váhom, in the Trenčín region, should roll out 700 million units of optical media a year and rank among the top four producers in the world.

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