BUSINESS IN SHORT

€16m in investment incentives okayed

SLOVAKIA will provide investment incentives of €16 million to five companies. The cabinet approved incentives for Pasivhaus Modul Systeme, Monocrystalex, Sapa Profily, Stawi, and SKH Plastic at its session on May 12, the SITA newswire reported.

SLOVAKIA will provide investment incentives of €16 million to five companies. The cabinet approved incentives for Pasivhaus Modul Systeme, Monocrystalex, Sapa Profily, Stawi, and SKH Plastic at its session on May 12, the SITA newswire reported.

The incentives were approved in the form of tax relief, assistance in acquiring fixed assets, and incentives for job creation. In total, these investments should create 468 new jobs.

Pasivhaus Modul Systeme intends to build a production plant to manufacture construction elements in the village of Tona for €13.3 million. Monocrystalex plants to invest €7 million into production premises and new innovative technologies to widen production of non-metal mineral products in its existing plant in Medzilaborce.

Sapa Profily, a producer of pressed aluminium profiles, plans to widen existing production in Žiar nad Hronom and thus increase output of products with higher added value. Stawi will invest in the expansion of existing production by building a new production facility and new technology.

SKH Plastic plans to build a new factory to make plastics and metal products for the electro-technical and automotive industries in the village of Matúškovo.


Top stories

Vast damage after the supercell storm in southern Moravia.

UPDATED: Tornado damaged villages just across the Slovak borders

Czech authorities report five dead, one a native of the Slovak town of Prešov, and hundreds of injured in southern Moravia region.


7 h

News digest: Slovakia ready to help after damaging storm hits neighbours

Bratislava zoo director has resigned due to her citizenship. Purchase of American jet fighters unjustified. Also read about the annual city festival taking place in Bratislava and take a look at the unusual mammatus clouds above the city.


1 h
The Weekend of Open Parks and Gardens has became a popular event in Slovakia

Pandemic highlights the importance of parks and gardens

Parks and gardens across Slovakia will open during the Weekend of Open Parks and Gardens


22 h
The panorama of the High Tatras and the gravel lake between the town of Svit and the village of Batizovce in the Poprad district.

A Slovak castle appears in "Friends: The Reunion"

A brown bear toured a Slovak town. You can now tour a region filled with tasty wine.


6 h