Spectator on facebook

Spectator on facebook

Economy Ministry to reduce KIA assistance

THE SLOVAK cabinet has tasked acting Economy Minister Ivan Mikloš to reduce the demands for additional public expenditures for the Hyundai/KIA investment by mid-October, the SITA news agency reported.

The additional expenditures from the state have reached Sk5.8 billion (€151 million) according to a report on the current situation and potential risks related to the Hyundai/KIA project.

"The real sum of extra expenditures should be around Sk3 billion (€78 million)," said Mikloš.

When approving the investment the cabinet projected public expenditures at Sk7.4 billion (€192 million).

Partly, the increased demands on the state assistance stem from the KIA decision to increase its original investment to produce 300,000 cars per year instead of the original 200,000.

Mikloš, however, will try to make cuts in all items of the demanded additional state funds.

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

Top stories

Infertility in men is increasing with those in their 40s better off then those in their 20s

Treatment of infertility can cost tens, or even several thousand euros. Only part of the cost is covered by health insurance companies.

To be fertile, a man has to have 15 million sperms per milligram of ejaculate, of which 4 million must be healthy.

Parties only protect their market share

Rent seeking behavior and a code of loyalty are not the ways to operate a successful democratic political party.

Interior Minister Robert Kaliňák

The art of baking Bratislava rolls Photo

Vienna has Sacher torte, Budapest has Somlói galuska and Bratislava has rolls

Ján Šimunek loves Bratislava rolls, especially those filled with poppy seed.

Fifth ice cathedral open to visitors Photo

The ice cathedral in the High Tatras will be open during the whole winter season.