Spectator on facebook

Spectator on facebook

BUSINESS IN SHORT

Volkswagen starts new body shop

VOLKWAGEN Slovakia laid the foundation stone for a new body shop at its factory in Bratislava that has a price tag of about €600 million and will cover about 110,000 square metres. The new shop will make innovative car bodies for SUVs from steel and aluminium, the SITA newswire reported.

VOLKWAGEN Slovakia laid the foundation stone for a new body shop at its factory in Bratislava that has a price tag of about €600 million and will cover about 110,000 square metres. The new shop will make innovative car bodies for SUVs from steel and aluminium, the SITA newswire reported.

When the body shop opens it should have about 550 employees.

The building of the body shop is only one part of Volkswagen’s plan to invest €1.5 billion in the Bratislava facility by 2016.

“It is the biggest investment project by Volkswagen Slovakia, comparable only to the preparations for production of SUV vehicles at the turn of the millennium,” stated Albrecht Reimold, the chairman of the firm’s board of directors, as quoted by SITA.

Prime Minister Robert Fico attended the laying of the foundation stone for the new body shop and said his government is willing to offer intensive help to foreign investors who bring various kinds of science and research to Slovakia.

Top stories

Fico: Women need protection, especially as more migrants arrive in Europe

The prime minister repeated that he refuses to allow the emergence of "compact Muslim communities in Slovakia" as he announced Slovakia will not ratify the Istanbul Convention as a whole.

Robert Fico

Slovakia’s story of economic success

The country marks 25th anniversary of its existence as an independent state

Bratislava

Populists are more creative than liberals

The essence of creativity and good governance is about finding a coherent story. When every city gets smart, being a stupid city will be an advantage, says a strategic management expert.

Maciej Kisilowski

Slovak biathletes surprise in women’s relay Photo

Though they were not considered favourites, Slovak biathletes fought bravely for medal positions but ended fifth.

Ivona Fialková of Slovakia crosses the finish line.