Fico: Third wave of car-scrapping bonus is possible

A third phase of the car-scrapping bonus scheme will be launched in Slovakia should the need arise, said Prime Minister Robert Fico while visiting car-maker PSA Peugeot-Citroen Slovakia's facility in Trnava on August 12.

A third phase of the car-scrapping bonus scheme will be launched in Slovakia should the need arise, said Prime Minister Robert Fico while visiting car-maker PSA Peugeot-Citroen Slovakia's facility in Trnava on August 12.

“If a new situation arose according to which there was a need to come up with something new to support the car industry, we'd do it,” Fico said, as reported by the TASR newswire, adding that the introduction of the car-scrapping bonus scheme earlier this year had proved successful. Fico said that it is the government's responsibility to keep alive the high concentration of the car industry in Slovakia, which it inherited from the previous government.

In this context the state's decision to guarantee the payment of social contributions, which saved tens of thousands of jobs, was also effective, said the premier, citing state guarantees for bank loans to small and medium-sized companies as another such example. Along with Economy Minister Ľubomír Jahnátek, Fico inspected the production of both models that are manufactured at the factory - the Peugeot 207 and the Citroen C3 Picasso.

Compiled by Zuzana Vilikovská from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

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