Spectator on facebook

Spectator on facebook

FOCUS SHORT

Decision expected on Samsung

THE CABINET of Iveta Radičová postponed a final decision about whether to support a €90-million investment by South Korea’s Samsung Electronics in its plant in Slovakia with incentives amounting to €28 million, leaving it up to the next government. The incentives would be provided as a form of tax relief between 2011 and 2014 thereby securing 950 jobs, the Sme daily wrote.

THE CABINET of Iveta Radičová postponed a final decision about whether to support a €90-million investment by South Korea’s Samsung Electronics in its plant in Slovakia with incentives amounting to €28 million, leaving it up to the next government. The incentives would be provided as a form of tax relief between 2011 and 2014 thereby securing 950 jobs, the Sme daily wrote.

Samsung applied for the state aid last September, in order to support modernisation of its production facilities in Galanta. To make its investment more attractive, Samsung has also promised to move part of its research and development activities to Galanta. The company has not elaborated on the scope of these activities in Slovakia and how many people they plan to employ.

Samsung Electronics Slovakia launched production here in 2002. It produces LCD and LED TV sets, LCD monitors, HDD and Blu-ray players and satellite receivers. It employs almost 3,000 people in Galanta and is one of the biggest non-financial companies and exporters in the country.

Top stories

New legislation protects creditors from unfair mergers

Fraudulent mergers were a legal business model enabling unfair businesses to get rid of debts

Tightening conditions when merging companies will increase the red tape of lawful mergers and prolong this procedure.

Blog: How long until a robot takes your job?

Are robots really taking over? What are the benefits and what are the risks?

Illustrative stock photo

EMA will go to Amsterdam, not Bratislava

The Slovak capital finished fourth in first round of vote for the seat of the prestigious European Medicines Agency

EMA will move from London due to Brexit. It will go to Amsterdam.

They reported corruption at the Foreign Ministry. Now they receive an award

The tenth year of the White Crow award, celebrating young people and activists who break prejudices and go against the tide.

White Crow award laureates