Spectator on facebook

Spectator on facebook

FOCUS SHORT

ThyssenKrupp postpones its plans

THE GERMAN steel giant ThyssenKrupp has postponed its decision to invest heavily in Slovakia, the Hospodárske Noviny daily reported in late February.

THE GERMAN steel giant ThyssenKrupp has postponed its decision to invest heavily in Slovakia, the Hospodárske Noviny daily reported in late February.

“We were looking for a production site in the automotive business in the region of eastern Slovakia,” Cosima Rauner from the press department of ThyssenKrupp told the daily. “Because of the current economic situation we have re-assessed this. We have put off the final decision for the next few months.”

While the German company gave the sovereign debt crisis as the official reason, the daily reported that it was also waiting for the new government to form in order to discuss potential investment incentives.

ThyssenKrupp was planning to invest €98 million in Slovakia and employ 1,200 people. But Slovakia offered it an investment stimulus of only 30 percent of the total investment, none of which would be in the form of direct financial assistance. On the other hand, Poland is reportedly offering incentives of up to 50 percent of the total investment, half in cash.

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