Spectator on facebook

Spectator on facebook

Economy Ministry to request state support for Honeywell investment

Economy Minister Juraj Miškov has officially confirmed the intention of Honeywell International Inc. to invest €38.31 million in Slovakia.

Economy Minister Juraj Miškov has officially confirmed the intention of Honeywell International Inc. to invest €38.31 million in Slovakia.

On March 14, Miškov announced the US company’s plan to open a new plant in the Prešov - Záborské industrial park, where it will produce turbochargers designed for car and truck engines and which will create 446 new jobs.

In support of this endeavour, the Economy Ministry will file an application for investment help in Honeywell’s name.

“At the request of the investor, the Slovak government will assess the proposal and decide on the specific request of investment help for this project,” the Economy Ministry informed the TASR newswire.

The Economy Ministry said the applicant fulfilled all required criteria of Slovak and EU legislation. The investment aid would take the forms of direct financial help through subsidies when procuring the material and non-material investment property, through contributions for creating new jobs, and through indirect help – an income tax allowance on the condition that maximum-intensity aid effective for eastern Slovakia is fulfilled.

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

Top stories

Job ads should inform about basic salary

One of the proposal’s authors from the Smer coalition voted in May against a similar proposal authored by opposition deputies

The shortage of workforce is a growing problem for entrepreneurs.

Top 3 news from Last Week in Slovakia Video

EMA will not relocate to Slovakia - Job ads will have to state actual payrates - Trnava factory to produce electric cars

PSA plant in Tranva.

Námestie Slobody square closer to facelift Photo

The Bratislava city council wants to revitalise the square by the end of 2018

The winning project for revitalisation of Námestie Slobody square

Slovak hockey league will not rest during Olympics

Unlike the Slovak premiere hockey league, Swiss, German and Russian leagues will take a break during the 2018 Winter Olympics.

Ice hockey is popular in Slovakia