Spectator on facebook

Spectator on facebook

BUSINESS IN SHORT

Honeywell investment takes shape

PREŠOV City Council approved a draft intention to sell land in the Záborské Investment Industrial Park to US company Honeywell Turbo on March 30. The draft declares the city’s intention to sell 5 hectares of land to Honeywell at a price of €30 per square metre, the TASR newswire reported.

PREŠOV City Council approved a draft intention to sell land in the Záborské Investment Industrial Park to US company Honeywell Turbo on March 30. The draft declares the city’s intention to sell 5 hectares of land to Honeywell at a price of €30 per square metre, the TASR newswire reported.

“I appreciate that the deputies, although they had certain reservations, voted for this material,” Prešov’s Mayor Pavel Hagyari told TASR. “It shows that the deputies are responsible and that they want to solve the problem of unemployment, which in our region is most acute.”

On the same day, the cabinet approved €19 million for Honeywell in investment stimuli from the state. A total of €11.5 million is to be spent on the purchase of long-term tangible and intangible assets, more than €7 million in contributions for new jobs and nearly €600,000 in the form of tax allowances. Based on a draft proposal for stimuli provision which the cabinet passed March 30, the requested incentives per employee will reach nearly €43,000, the SITA newswire reported.

Honeywell is planning to build a plant to make turbochargers for cars and trucks. Its estimated costs are forecast to be around €38 million and the investment should create about 446 jobs, with the average salary expected to be around €1,300. More jobs are expected to be created indirectly because of the Honeywell investment.


Top stories

Crematorium in Bratislava is an architectural revelation Photo

Those who have experienced farewells in other crematoria know what makes it special. Now the best work by the architect Ferdinand Milučký is getting a monograph

Crematorium in Bratislava by architect Ferdinand Milučký

What kind of expectations do some Slovaks have for world leaders?

Among EU member states, opinions of the United States declined in all but two — Poland (which makes some sense) and Slovakia (which does not).

Donald Trump

Crates and boxes. Slovaks discover new ways of grocery shopping

Farmer’s boxes are gaining customers in Slovakia as people slowly become more conscious about quality and the origin of the food they eat.

Foreigners: Top 10 events in Bratislava Video

Tips for the top 10 events in the capital between January 19 and January 28, plus regular services in different languages, training, temporary exhibitions and highlights of the year.

Scandi 4