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IN SHORT OF BUSINESS

Sk1.4 billion to set up industrial parks

BY 2006, when the current cabinet's term will end, the Economy Ministry wants to invest about Sk1.4 billion (€35 million) of the state budget and European Union funds in setting up indusrial parks in Slovakia.

According to the private news agency SITA, Sk600 million (€15 million) will be taken from funds originally planned for use in construction of technological parks.

On July 20, Economy Minister Pavol Rusko said that, with assistance from EU funds, two new industrial parks can be built in eastern Slovakia.

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