Spectator on facebook

Spectator on facebook

Government to grant investor €54.5 million

THE SLOVAK cabinet will support the construction of the new German US Getrag Ford Transmissions plant to the tune of €54.5 million (Sk2.1 billion).

According to the Hospodárske noviny business daily, the cabinet and Getrag Ford have already signed a Memorandum of Understanding on the company's €300 million investment in the Kechnec industrial park, Eastern Slovakia.

According to PM Mikulas Dzurinda, €53.5 million of the sum will be regional assistance for the initial investment and the creation of jobs, and €1 million will be allocated for education and training.

The new Getrag Ford plant will create 1,000 jobs directly and up to 1,500 jobs indirectly.

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

Top stories

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.

Armed forces need new armour, and more

Slovakia's armed forces need to modernise their military technology, but also improve infrastructure and make soldiers' salaries more competitive.

Illustrative stock photo