Spectator on facebook

Spectator on facebook

Zvolen courts auto investor – and wins

GERMAN investor Continental AG has announced plans to start building a factory in the Banská Bystrica region, near the city of Zvolen. The company, which ranks 10th in the world among suppliers of automobile brake systems, plans to invest €56 million (Sk1.4 billion) in Slovakia over the next five years, creating 510 jobs at the plant, the news agency TASR wrote.

Speaking at a news conference in Zvolen November 5, the vice president of Continental AG, John Bowling, said that he expected operations to start by October 2005. The plant is expected to produce 5 million brake components annually – all for export.

The investor picked Slovakia over Poland and Romania because of its location in central Europe. Zvolen beat out other in-country potential sites for a combination of reasons.

"We took into account qualified workers and cost, as well as the price of our products and proximity to customers," Bowling told reporters.

Compiled by Marta Ďurianová from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

Top stories

Crematorium in Bratislava is an architectural revelation Photo

Those who have experienced farewells in other crematoria know what makes it special. Now the best work by the architect Ferdinand Milučký is getting a monograph

Crematorium in Bratislava by architect Ferdinand Milučký

What kind of expectations do some Slovaks have for world leaders?

Among EU member states, opinions of the United States declined in all but two — Poland (which makes some sense) and Slovakia (which does not).

Donald Trump

Crates and boxes. Slovaks discover new ways of grocery shopping

Farmer’s boxes are gaining customers in Slovakia as people slowly become more conscious about quality and the origin of the food they eat.

Foreigners: Top 10 events in Bratislava Video

Tips for the top 10 events in the capital between January 19 and January 28, plus regular services in different languages, training, temporary exhibitions and highlights of the year.

Scandi 4