Spectator on facebook

Spectator on facebook

FOCUS SHORT

Continental expands in Slovakia

THE GERMAN company Continental, which has been producing components for cars’ brakes, continues to expand in Slovakia. It will build a new storage hall in Zvolen.

THE GERMAN company Continental, which has been producing components for cars’ brakes, continues to expand in Slovakia. It will build a new storage hall in Zvolen.

“The further expansion of the company is currently in the approval process at the company’s headquarters,” Nicole Geissler, the vice-president for communications told the TASR newswire in relation to investment stimuli recently approved by the Slovak cabinet. Construction should begin in 2013.

Continental Automotive Systems Slovakia applied for investment stimuli in December 2009, but the Slovak cabinet green-lighted the stimuli only some weeks ago.

The company is planning to invest another €25 million in Zvolen and employ 500 people, and has requested a tax holiday of €4.5 million. It has already employed a portion of its planned staff. The plant currently employs about 600 people.

Topic: Foreigners in Slovakia


Top stories

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

Russian spies allegedly recruit also Slovaks

They are using martial art clubs in Germany and dozens more in other EU states, in the Western Balkans, and in North America.

Illustrative stock photo

EC scrutinises state aid for Jaguar Photo

There is a question whether the scrutiny may impact the carmaker’s plans to invest in Slovakia.

The construction site of a brand new plant of Jaguar Land Rover near Nitra.

GLOBSEC forum will host guests from 70 countries

The 12th year of the conference will be attended by the highest number of participants in its history.

Slovak President Andrej Kiska gives the opening speech of The Globsec 2016 security conference.