BUSINESS IN SHORT

Belgian firm moves to Romania

IPTE, a Belgian company active in the automotive industry, is leaving Slovakia. It announced on October 20 that its sub-contracting division, Connect Systems, is closing its Slovak plant and transferring all activities to its Romanian plant in an effort to cut costs, Reuters wrote.

IPTE, a Belgian company active in the automotive industry, is leaving Slovakia. It announced on October 20 that its sub-contracting division, Connect Systems, is closing its Slovak plant and transferring all activities to its Romanian plant in an effort to cut costs, Reuters wrote.

Connect Systems CEO Luc Switten said in a statement that maintaining two cabling factories led to “production inefficiency, growing operating costs (stock control) and double management”.

“The location and structure of the Slovakian plant also limited any expansion,” he said.

The transfer of all cabling activities from Slovakia to Romania will be finished by March 31, 2009, the statement added.

According to IPTE’s annual report, the company employed 155 workers at its plant in Vráble, the SITA newswire wrote.

Get daily Slovak news directly to your inbox

Top stories

How a Catholic charity became a voice for migrants in Slovakia

Religious organisations have added leverage in changing perceptions of foreigners and migrants, says Caritas Slovakia.

Caritas Slovakia's ‘World Without “the Other” – Migration Myths’ campaign educates Slovaks on migration in a fun and artistic way.

News digest: Slovakia to spend three Advent weekends with testing. President wants it to be voluntary

Seven candidates for the general prosecutor post approved. Acting general prosecutor steps down.

Installation of Christmas tree in Trnava

Which are the largest law firms in Slovakia?

For the first time, the ranking also provides an overview in partial categories of law.

Who was behind the sale of one of the biggest banks in Slovakia

The largest law firms were involved in several innovative projects, too.