IN SHORT

Electrotechnical sector to get €60 million

THE SLOVAK Investment and Trade Development Agency is currently holding talks with several foreign investors from the electro technical industry who plan to invest around €60 million (Sk2.4 billion) in Slovakia.

Agency spokesman Ondrej Žember told the state-run news agency TASR on August 23 that four or five projects are planned to be carried out near the eastern Slovak city Spišská Nová Ves in the Košice region and in Bratislava.

Most of the potential investors come from Europe. "One of them is already operating in Slovakia," the spokesman said.

According to Žember, the investments are estimated to create between 1,200 and 1,500 new jobs and their completion is expected by the end of this year.

In addition, the trade agency has registered some more projects involving foreign investors from the chemical and electronics sector, expected to create a total of up to 2,200 new jobs in the eastern and western Slovak regions, Žember added.

Get daily Slovak news directly to your inbox

Top stories

News digest: Lockdown not out of the question, PM Matovič says

The overview of news from Wednesday, October 21, 2020.

PM Igor Matovič says lockdown is still in play.

A curfew for those who refuse testing? Lawyers and president have doubts

The government risks the Constitutional Court canceling the nationwide testing.

Illustrative stock photo

The cabinet approves plan for permanent kurzarbeit

The new fund is expected to be introduced from 2022.

Labour Minister Milan Krajniak