More incentives for KIA

CARMAKER KIA should receive an additional Sk800 million (€20 million) in incentives after the South Korean investor announced that it was going to boost its original investment plan by another €135 million (Sk5.2 billion), the Pravda daily reported.

Economy Minister Pavol Rusko said that KIA must submit a request for the incentives and define exactly what they would use the money for. The cabinet would then deal with the request.

With KIA'S additional investment the production capacity at its new plant near Žilina will rise to 300,000 vehicles per year from the originally planned 200,000.

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

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