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.

Top stories

Šumiac breaks sweat record: first sauna to be revived

The sauna built in Šumiac by miller Michal Demo after returning from Russian captivity was the first one not just in Slovakia but in the entire former Czechoslovakia. Now it can be saved and re-used.

The construction of first Slovak sauna in Šumiac

Foreigners: Top 10 events in Bratislava Video

Tips for the top 10 events in the capital between August 18 and August 27, as well as regular services in different languages, training for foreigners in English and highlights of the year.

Pivobrana - Beer Festival

Have you ever climbed a via ferrata? Photo

In central Slovakia, there is one also suitable for beginners. Here are some of the views it offers.

Agrokomplex opens its gates Photo

This year’s exhibition has more discussions with experts and a family programme.