IN SHORT

Unomedical invests in Michalovce

DANISH company Unomedical plans to invest €8.8 million (Sk337.2 million) into a disposable medical equipment plant, Economy Minister Pavol Rusko said.

The company will create 550 new jobs at the new plant in Michalovce (Košice region). Production is expected to start in the first quarter of 2006. Slovakia's government is supporting the project with investment stimuli worth Sk100 million (€2.6 million).

"We negotiated the amount of the investment stimuli for a couple of weeks and this is acceptable for us," Rusko said.

He appreciated that investors are coming to the region where the unemployment rate is almost 20 percent. "These 550 jobs for Michalovce represent more than 2,000 new jobs in Bratislava," Rusko said.

The plant, spread over an area of 17,000 square metres in Michalovce, will be Unomedical's biggest production facility. Full-scale production should be reached a year or 18 months after it opens, the TASR news wire said.

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