Spectator on facebook

Spectator on facebook

BUSINESS IN SHORT

Honeywell to invest in Slovakia

ECONOMY Minister Juraj Miškov on March 14 confirmed plans by US-based multinational Honeywell International to invest over €38 million in Slovakia. The investment will create at least 446 new jobs in Prešov, producing turbochargers designed for cars and trucks , the TASR newswire reported.

ECONOMY Minister Juraj Miškov on March 14 confirmed plans by US-based multinational Honeywell International to invest over €38 million in Slovakia. The investment will create at least 446 new jobs in Prešov, producing turbochargers designed for cars and trucks , the TASR newswire reported.

The Economy Ministry intends during an upcoming cabinet session to submit a proposal on providing Honeywell with investment assistance.

“The government will then act on the investor’s request by issuing a decision on the proposal for investment assistance,” the ministry stated, as quoted by TASR.

The ministry said that Honeywell ha d fulfilled all criteria required under Slovak and EU law. The investment aid would take the form of direct financial help through subsidies when procuring material and non-material investment property, through contributions for creating new jobs, and through indirect help, including an income tax allowance on condition that maximum-intensity aid for eastern Slovakia is fulfilled.


Top stories

Bratislava growing high Photo

High-rise buildings sprouting up in Bratislava

Visualisation of the future skyline of Bratislava

People of Pezinok fighting against landfill again

Dispute over controversial Pezinok waste dump, which started 18 years ago, continues.

The controversial landfill site in Pezinok

Crisis ends in Danko’s defeat

Education minister steps down following Fico’s call, Danko not ruling out he might leave politics.

Former education minister Peter Plavčan and PM Robert Fico on July 24.

First Slovak woman crossed the English Channel

Before her, only six Slovak men had managed to complete the difficult swim.