Spectator on facebook

Spectator on facebook

FOCUS SHORT

Spanish investor aims for Prešov

THE EAST of Slovakia is continuing to attract foreign investors. A Spanish company now says it wants to employ 400 people in the IPZ Záborské industrial park in Prešov, the Hospodárske Noviny financial daily reported in late June.

THE EAST of Slovakia is continuing to attract foreign investors. A Spanish company now says it wants to employ 400 people in the IPZ Záborské industrial park in Prešov, the Hospodárske Noviny financial daily reported in late June.

“We are negotiating with [a] Spanish investor,” Pavel Hagyari, mayor of Prešov, told the daily.
The company was later identified as Fundería Condals, which produces metal castings for the automotive industry. According to Hagyari, the Spanish firm plans to invest €10 million in Prešov.
Neither the Slovak Investment and Trade Development Agency (SARIO) nor the Slovak Ministry of Economy have yet received any official application for investment aid from the Spanish company, but the daily reports that an application is expected. Based on current legislation the firm could get aid of up to 50 percent of its costs, as it would be investing in a region with a high unemployment rate, currently 17 percent.

The daily speculated that it might be potential cooperation with American firm Honeywell or the cheap local labour force that lies behind the Spanish company’s decision to invest in Prešov. Wages in the region are the lowest in Slovakia, at just over €600 per month.

According to the daily, if negotiations are successful, the investor might start building production premises later this year.

Topic: Foreigners in Slovakia


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At the party congress, vice-chairman of the ruling party, Marek Maďarič, has been replaced by Richard Raši.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.