Spectator on facebook

Spectator on facebook

BMW denies Slovak investment plans

UPMARKET German car producer BMW will not build a new factory in Slovakia, according to company spokesman Mathias Schmidt. He was responding to week-long media speculation about the possibility that Slovakia might get a fourth car assembly plant, the Reuters newswire wrote.

UPMARKET German car producer BMW will not build a new factory in Slovakia, according to company spokesman Mathias Schmidt. He was responding to week-long media speculation about the possibility that Slovakia might get a fourth car assembly plant, the Reuters newswire wrote.

Slovak media had written that the new factory could be built in an industrial park near the village of Kechnec in south-eastern Slovakia. Schmidt described the reports as untrue.

Talks between the Slovak Embassy in Germany and a new investor were confirmed by Foreign Affairs Minister Miroslav Lajčák, according to TV Markíza. The station reported the minister as saying that the embassy was providing information to the carmaker; it added that the investment could bring 10,000 new jobs, including those created by suppliers, to a region which has been struggling with high unemployment.

The financial daily Hospodárske Noviny, citing “well informed sources”, reported on May 2 that BMW had requested state aid worth €500 million, which the daily wrote would have been one of the largest aid packages ever awarded by Slovakia. Stanislav Jurkovič, the Economy Ministry spokesperson, told the daily that the ministry had not received any official request to discuss a potential investment stimulus.

The daily also wrote that negotiations were at an initial stage and it is questionable when the project would start, if at all.

Sources quoted by the Sme daily on May 2 suggested that if the German carmaker decided to invest in a factory in Slovakia it could be to build electric cars.

Slovakia is already home to three carmakers: PSA Peugeot Citroen, Kia and Volkswagen Slovakia.
Last year these factories produced more than 639,000 cars, thus topping the pre-crisis figure from 2008, when 575,000 cars were produced, the SITA newswire reported.

Jozef Uhrík, then president of the Automotive Industry Association of the Slovak Republic, stated earlier this year that the three plants should produce approximately 780,000 cars, SITA reported. According to Slovakia’s Statistics Office the automobile sector's share of industrial production has now risen to 39 percent of total output.

Top stories

EU roaming fees to end on June 15 – in theory

Slovak customers still waiting to find out how mobile operators will implement change.

Archaeologist pieces together early history of what is now western Slovakia Photo

For an archaeologist, the most important thing is his most recent rare discovery, says Július Vavák.

Students visited Svätý Jur as part of their European Wanderer project

How to sell Slovak books to English readers

Slovak literature makes it to the big bookstores of London, but it is unlikely to become a bestseller yet.

On Wednesday, Slovak literature will be presented in one of the biggest bookstores in London. Among the new books translated into English is also the anthology of current Slovak prose selected and translated by Magdalena Mullek and Júlia Sherwood.

General Prosecutor filed a motion for the dissolution of ĽSNS

The Slovak Supreme Court received a motion to dissolve the extreme right ĽSNS party founded and led by Marian Kotleba.

Jaromír Čižnár