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Matador objects to Hankook incentives

SLOVAK tyre producer Matador Púchov objects to the investment incentives that Slovak government has promised South Korean Hankook Tire, the Hospodárske noviny daily wrote.

Hankook Tire is investing Sk20 billion (€500 million) in Slovakia, whose government has promised investment incentives worth 21 percent of the investment.

According to Matador, the incentives are too high.

The level of the incentives must still be okayed by the EU. It is uncertain whether the 21 percent will be approved as the EU applies a 15 percent limit on investment incentives in general.

Compiled by Martina Jurinová from press reports
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