Spectator on facebook

Spectator on facebook

PSA confirms new investment, incentives to reach Sk2.1 billion

CARMAKER PSA Peugeot Citroën confirmed yesterday that it would invest an additional Sk14 billion into a new plant in Trnava, where a new model of car should be produced by 2009. The Trnava plant should thus produce 450,000 instead of the originally planned 300,000 cars per year.

PSA, which has already committed to invest Sk 26.5 billion in Slovakia, had been deciding between Slovakia and Russia as the location of its new investment. Slovak PM Mikuláš said that PSA chose Slovakia because of its previous experiences with the country, its reforms, and Slovakia's planned entry into the eurozone, the Pravda daily wrote.

The state will support the new PSA investment with incentives totaling Sk2 billion, and will provide an additional Sk183 million for the job creation and education.

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

Construction of underground roundabout changes traffic flow on Bratislava’s Mlynské Nivy

Mlynské Nivy Street will be transformed into a modern boulevard by the autumn of 2019.

New construction on Mlynské Nivy Street.

More reasons to stay

Excluding people doesn’t just affect those who choose to leave.

Slovakia is the first country to test a new VAT refund app

Getting money back for buying souvenirs in Slovakia will be easier - there will be an app.

Illustrative Stock Photo

Prosecution has found errancies in criminal files related to self-employed farmers

General prosecutor feels that some prosecutors in the east of Slovakia follow their own conscience and opinion and not valid legislation.

General prosecutor Jaromír Čižnár