Spectator on facebook

Spectator on facebook

BUSINESS DIARY

Van Geel to get investment stimuli worth Sk60 million

SLOVAKIA will provide Belgium's Van Geel company with investment incentives worth Sk60 million (€1.5 million) for its proposed factory at the Kechnec industrial zone near the eastern city of Košice, the news wire TASR wrote.

The Council of Economic Ministers, a group whose portfolios cover key areas of the economy, made the decision on June 29.

Van Geel, a leading producer of cable management systems, is to invest Sk226 million (€7 million) in Slovakia with a factory employing around 130 people. Slovakia will offer investment incentives in the form of tax relief and employment contributions, Finance Minister Ivan Mikloš said after the session.

The council also recommended that a distinction be made between FDI through privatisation and other routes. FDI in Slovakia totalled Sk32 billion (€800 million) last year, much less than the year before.

Mikloš said the disparity was due to the 2002 figures including revenues from the privatisation of gas utility SPP.

Top stories

Danko’s office opens MPs’ letters

OĽaNO wants Danko to step down as parliament’s speaker after what they call an unprecedented measure.

Igor Matovič (l) and Ján Budaj (r)

Government ignores anticorruption demands Photo

Protesters gave the government two weeks to fulfil their demands.

Blog: We can always count on the nerds…

Brands need to focus on doing good and that this approach is the only option if they want to stay relevant, credible and even profitable, says Thomas Kolster.

Thomas Kolster speaking

Drivers in Bratislava should prepare for worse traffic

Dissatisfied taxi drivers will go on a protest ride from Petržalka to Lamač on Wednesday.

Taxi drivers protested against Uber already in 2015.