IN SHORT BUSINESS

More investment for Eastern Slovakia

FRENCH multinational company Valeo Security Systems (VSS) announced that it would invest millions of euros in Eastern Slovakia over the next few years.

VSS officials signed a memorandum with Economy Minister Pavol Rusko, acting on behalf of the government, to invest €16.4 million in constructing a plant in the Košce Pereš industrial park, the TASR news agency reported.

The VSS investment should create up to 700 jobs within three years, said Rusko.

VSS plans to supply vehicle security systems for Slovakia's fast-developing automotive industry.

It will work with French carmaker PSA's factories in Trnava and with South Korean Kia Motors in Žilina.

VSS chose to invest in Slovakia because of its favourable geographical position and high number of qualified personnel.

Get daily Slovak news directly to your inbox

Top stories

Economic restart after COVID-19 should be green

Slovakia’s plan for using money from the EU’s Recovery Fund, innovation potential and examples of green solutions and the challenge of renovating buildings are among the highlights of the latest Business Focus.

The Velux plant in Partizánske utilises 97 percent of waste from production.

Cabinet agrees on COVID screening

More details will be presented tomorrow.

Košice

More tips for outings in Bratislava during the lockdown

Walks along the Danube bank offer a feeling of being far from the city rush.

This place, part of Ovsištské Lúky (Ovsište Meadows) in Petržalka, is still Bratislava.

Roundup: Fairytale app that makes children read

An award-winning design by a Slovak architect and a trip to Zádielska dolina valley. Here’s your latest roundup.

A man wearing a face covering sits in an armchair on the snow-covered Main Street in Košice on January 13, 2021.