Spectator on facebook

Spectator on facebook

BUSINESS IN SHORT

Mondi asks for state stimuli

RUŽOMBEROK-based paper mill Mondi SCP has asked for state stimulus of €25.4 million, as part of the investment to increase its production. The investment stimulus will not help the company to create new jobs, but is intended to preserve those that would otherwise have to be cut, the SITA newswire wrote.

RUŽOMBEROK-based paper mill Mondi SCP has asked for state stimulus of €25.4 million, as part of the investment to increase its production. The investment stimulus will not help the company to create new jobs, but is intended to preserve those that would otherwise have to be cut, the SITA newswire wrote.

The Economy Ministry has already approved the aid in the form of tax relief, saying that the “aid for the investment target does not exceed the maximum aid” which the state can give.

Thanks to the investment, which will cost the company together €90 million, Mondi SCP will increase the production of cellulose by 25,000 tons a year. Moreover, the company will create the conditions which will allow the paper mill to boost production up to 50,000 tons a year, SITA wrote.

In order to receive the aid the company had to promise to keep 766 jobs, which would otherwise be cut due to the increase of effectiveness of cellulose and paper production, during the following six years.

Top stories

President to appoint missing Constitutional Court justices

The court will have its full complement of judges after three years.

President Andrej Kiska

Austrian natural gas station close to Slovak border exploded Video

The incident, which claimed one fatality and at least 18 injuries, also created an emergency in a Slovak village close to the Austrian border.

The explosion of Austrian natural gas station in Baumgarten, December 12.

Blog: Environmental sustainability is the future for sustainability in business

A great example of how you can make a difference by sharing your passion with others: Ivana Maleš, co-founder of the Institute for Circular Economy, describes her journey to a sustainability consultant.

Illustrative stock photo

Slovak film won the main prize of Silk Road IFF in China Photo

The Little Harbour, which was already shown at Berlinale where it received the Children’s Jury Award, continues its worldwide success.

Director Iveta Grófová receives the prize in Tallin