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

Námestie Slobody gets facelift Photo

The architectural tender will gather ideas for the redesign of the biggest square in Bratislava

Námestie Slobody will be redesigned into a kind of living room in the city.

When the state can’t keep a secret

A selective leak has tarnished President Kiska’s reputation. But he must continue to speak out about corruption.

President Andrej Kiska

Fundamental values explored at Divadelná Nitra 2017

This time round, the Slovak, European and US ensembles at the theatre festival focus on #fundamentals, i.e. basic values and the essence of all things.

Nature Theatre of Oklahoma: Pursuit of Happiness

Foreign rocket engines for North Korea: Why?

For Russia, the path to a weakened China could be through a major nuclear accident in North Korea.