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

Preparation of young journalists lags

Editors and students complain about the lack of practical training at journalism schools and missing links with the realities of the media market.

International students travel to attend world leading universities. So they did in the past.

Raslavice village creates jobs; constructs wellness centre

By using eurofunds and state aid new Mayor of Raslavice Marek Rakoš thus created some 80 jobs in two years.

Fico: We are ready to discuss the 13th salary

The prime minister also presented reasons why Slovakia should be in the EU core.

PM Robert Fico

Meucci: Italy is not going through a catastrophe

Gabriele Meucci has been serving as the Italian Ambassador to Slovakia since January this year. He says that Slovakia is a haven for Italian investors but recently also for Italians coming here to work.

Italian Ambassador to Slovakia Gabriele Meucci