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Ministry plans incentives for two companies in Eastern Slovakia

The Slovak Economy Ministry is suggesting providing investment incentives totalling Sk541 million to two companies, Leier Baustoffe SK and T-Systems Slovakia, which want to invest a total of Sk1.264 billion in Eastern Slovakia.

The Slovak Economy Ministry is suggesting providing investment incentives totalling Sk541 million to two companies, Leier Baustoffe SK and T-Systems Slovakia, which want to invest a total of Sk1.264 billion in Eastern Slovakia.

According to the Economy Ministry proposal, the companies should create together about 1,000 jobs. The cabinet will have the final word on approving the incentives.

Leier Baustoffe plans to invest over Sk542 million in a new plant in the village of Petrovany, in the Prešov Region, creating about 100 jobs. The firm has asked for incentives of Sk180.9 million, of which about 150.9 million should be in the form of tax relief. The rest is intended as assistance for new jobs. The firm will produce bricks and its annual output is planned at 160 million pieces. The plant should start making bricks at the end of this year. The average monthly pay is planned at Sk18,376.

T-Systems Slovakia, which already provides IT services and services in communications technologies in Košice, plans to expand its IT center in the Eastern Slovak metropolis by more than Sk721 million. The company should create 900 jobs by 2011. The firm asked for incentives of Sk360.8 million. Tax relief should represent Sk100.8 million, while contribution for jobs should reach Sk260 million. The company plans to expand by this year. SITA

Compiled by Zuzana Vilikovská from press reports
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