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Ministry: KIA demands too much

THE STATE decided to change its approach to its management of the investments of KIA carmaker in Slovakia, the daily Pravda wrote.

"Žilina Invest was under pressure and more or less agreed with each extra demand, so these increased to an unbearable level. We want to change it and ask for example, why a state should pay for a railway connection if it is not going to use it,” Peter Papanek, advisor to the acting economy minister, told the daily.

When the economy ministry calculated all the extra costs for supporting KIA it was Sk5.8 billion (€150 million). It is a rough number and the ministry wants to cut it as much as possible.

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

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