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IN SHORT BUSINESS

Potencial investor requires state guarantee

THE US company Sovereign Financial Group is willing to invest $200 million (€169 million) in the construction of highways in Slovakia. However, a state guarantee is required, the news wire TASR wrote.

Marina von Lukovich, the Atlanta-based company's director and consultant for Europe, confirmed the info following her May 17 talks with the mayor of Žilina, Ján Slota.

In association with the new Kia car plant, Slovakia's government took the obligation to complete the Bratislava-Žilina highway by November 2006.

Kia Motors wants to launch its new 300,000-car factory near Žilina that same year.

Although neither of the two officials wanted to specify the terms and conditions of the financial transaction, both of them spoke about "favourable conditions".

Slota added that, if there was an agreement, money could be in the receiver's account in two weeks.

Top stories

General Prosecutor filed a motion for the dissolution of ĽSNS

The Slovak Supreme Court received a motion to dissolve the extreme right ĽSNS party founded and led by Marian Kotleba.

Jaromír Čižnár

Russian spies allegedly recruit also Slovaks

They are using martial art clubs in Germany and dozens more in other EU states, in the Western Balkans, and in North America.

Illustrative stock photo

EC scrutinises state aid for Jaguar Photo

There is a question whether the scrutiny may impact the carmaker’s plans to invest in Slovakia.

The construction site of a brand new plant of Jaguar Land Rover near Nitra.

GLOBSEC forum will host guests from 70 countries

The 12th year of the conference will be attended by the highest number of participants in its history.

Slovak President Andrej Kiska gives the opening speech of The Globsec 2016 security conference.