Spectator on facebook

Spectator on facebook

BUSINESS IN SHORT

ThyssenKrupp likely to invest

GERMAN steel-processing company ThyssenKrupp will likely invest €98 million in a new facility in eastern Slovakia as the company has reportedly filed an application with the Economy Ministry with an investment plan that could create about 1,200 jobs, the Hospodárske Noviny daily reported, citing ministry sources.

GERMAN steel-processing company ThyssenKrupp will likely invest €98 million in a new facility in eastern Slovakia as the company has reportedly filed an application with the Economy Ministry with an investment plan that could create about 1,200 jobs, the Hospodárske Noviny daily reported, citing ministry sources.

The ministry did not confirm the information in the daily, stating that it cannot comment on proposed investments before they are approved. But two independent sources told the daily that the company had requested investment stimuli from the state based on its plans.

ThyssenKrupp reportedly has not decided exactly where it will situate the new facility, with Hospodárske Noviny writing that the company is considering two sites: an industrial park in Prešov and the village of Haniska in Košice Region.

The daily also wrote that several other investors are considering new facilities in Slovak regions with high unemployment that could bring jobs for about 900 people.

“We are negotiating with three companies, Belgian, French and German,” said Dany R. E. Rottiers, chief executive of Eastern Investment Centres, a consulting company that represents the state in negotiations with possible investors, as quoted by the daily.

Rottiers added that his firm is also holding discussions with a company in the engineering sector about the possibility of opening a plant in the Orava region, adding that even though the European Union is suffering from the ongoing sovereign debt crisis, investors have not lost interest in Slovakia. Rottiers said he thinks Slovakia has a more advantageous environment than other EU countries.

Top stories

Car interior or house insulation. What happens with your recycled clothes? Photo

Slovaks throw away 460 kilograms of clothes every ten minutes.

Slovaks throw away a pile of 460 kilograms of clothes every ten minutes.

Kiska: Saková is a wasted opportunity

But he has no other option than to appoint her as interior minister. Opposition and civic initiatives are also critical.

Denisa Saková met with President Andrej Kiska.

Slovak writer and film director Peter Krištúfek dies in a bus crash

The documentarist and writer, aged 44, was one of the two casualties of the fatal Monday crash between a bus and a truck.

Peter Krištúfek

Simulated Mars mission stopped

The crew members struggled with several problems, including serious injury and one member's decision to leave.

Michaela Musilová