Spectator on facebook

Spectator on facebook

Hankook deal still a possibility

SLOVAKIA wants to renew talks with South Korean tyre producer Hankook Tire. Economy Minister Pavol Rusko was expected to meet with the Hankook vice-president last night, the daily SME reported.

The results of the meeting were not available immediately in the morning.

Economy Ministry spokesman Maroš Havran said, however, that the two parties were going to try and reach an agreement over an acceptable amount of investment incentives.

The Slovak cabinet rejected the originally required incentives for Hankook earlier this week. The Korean company was due to invest €500 million into a new plant in the town of Levice.

The company required some Sk4.28 billion (€111 million) in stimuli plus Sk1.22 billion (€31 million) in the form of tax breaks. The company also wanted the state to enlarge an existing road to Levice, which would cost the state a total of Sk7 billion (€182 million), SME wrote.

Later Hankook decreased the amount of incentives by almost Sk1 billion (€26 million) but the cabinet ministers still considered this to be too much.

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

The processing of personal data is subject to our Privacy Policy and the Cookie Policy. Before submitting your e-mail address, please make sure to acquaint yourself with these documents.

Top stories

Police detain another person in promissory notes case

Ex-director of private broadcaster TV Markíza, Pavol Rusko, was detained shortly after being heard.

Pavol Rusko

First 500 jobseekers start training to work in automotive jobs

Neither labour offices nor the automotive industry dare to estimate to what extent the project will be successful.

For a Decent Slovakia organise another protest for June 22

At the same time, they are suing ex-PM Robert Fico, in response to his statements made during the protest rallies in February, citing fear-mongering and defamation.

For a Decent Slovakia represenattives - L-R: Lukáš Füle, Karolína Farská, Juraj Šeliga and Veronika Bruncková - filed a suit against ex-PM Robert Fico June 15.

Construction of the longest tunnel in Slovakia gets complicated

Érsek considers delays in construction of the cross-country highway to be unacceptable.

Western portal of the Višňové tunnel