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

PM Fico before Smer congress: I don’t want to run for president

At the party congress, vice-chairman of the ruling party, Marek Maďarič, has been replaced by Richard Raši. Otherwise, no major changes have taken place.

L-R: PM Robert Fico, outgoing Žilina governor adn Smer vice-chair Juraj Blanár, Culture Minister and resigned vice-chair Marke Maďarič, and his successor in party position, Košice Mayor Richard Raši at Decemebr 9 congress.

The increasingly rare wood grouse is being driven out of Slovakia's forests

Foresters plant too many trees in bare areas destroying the natural habitat of western capercaillie (Tetrao urogallus).

Wood grouse

Automation is finding its way

Autonomous vehicles and process connections through Logistics 4.0 are the biggest trends in Slovakia.

Online retailer Amazon opened its new returns centre in Sereď in mid-November.