IN SHORT

Hankook opts for Hungary

KOREAN tyre maker Hankook Tire announced to investors on October 24 at the domestic stock exchange that it had decided to place its new production plant in Hungary, the daily SME reported.

Slovakia was at first favourite to get the estimated €500 million investment. However, the company backed out after the cabinet refused to approve generous state incentives.

After the location of the investment was announced, the Economy Ministry told journalists it had received a letter from Hankook Tire. In this letter, the company agreed to reopen investment negotiations with Slovakia.

Hankook spokesman Kim Sung-joong told Reuters that the decision could still be reversed depending on how negotiations with Hungary proceeded. The Slovak Embassy in the Korean Republic also confirmed that this is not the final decision of the company.

Get daily Slovak news directly to your inbox

Top stories

The mass testing in Nitra.

News digest: Results from weekend nationwide testing still not out

The parliamentary committee recommends one candidate for new police chief. NASA picks a picture by Slovak photographer as its Astronomy Picture of the Day.

6 h
Gábor Grendel (OĽaNO), Juraj Šeliga (Za Ľudí), and SaS MPs Marian Viskupič and Jana Bittó Cigániková.

Matovič government takes after Smer in lawmaking

The second-largest testing scheme of the whole population is underway in Slovakia. Government says they ordered enough vaccines. Layoffs of transnationals in Bratislava.

11 h
PM Igor Matovič (front) and Economy Minister Richard Sulík (back)

Hlas is gaining strength, along with Sulík’s SaS

At the same time, most people think PM Matovič is not managing the coronavirus crisis well.

13 h
US President Joe Biden

Biden really is waking up each morning with the goal of making things better

The new president is old and imperfect, but it's difficult to question his motives.

24. jan