Cabinet green-lights changes to investment certificate for Volkswagen Slovakia

The list of land plots with “significant investment” certificates for VW Slovakia has been expanded.

Volkswagen Slovakia Volkswagen Slovakia (Source: Courtesy of Volkswagen Slovakia )

On November 15, the cabinet approved the enhancement of the list of land plots, for which the Economy Ministry issued a certificate of significant investment to Volkswagen Slovakia in March 2015.

This investment concerns the expansion of production capacity at the VW automotive plant in Bratislava-Devínska Nová Ves, the SITA newswire wrote. In the complementary certificate for the carmaker, the cabinet approved additional land with an area of 2,386 square meters.

The issue of the certificate was the result of an application made by VW Slovakia, dating back to September 20, 2017. At the time, the original certificate was issued, it was impossible to locate and fix precisely enough the tracking of engineering networks, the dimensioning and location of service transport infrastructure for production and the logistics hall, as well as the carmaker's entire premises, including protection zones.

The total investment connected with the approved certificate will amount to €352 million and following the investment in question, the applicant will create at least 2,500 new jobs.

Get daily Slovak news directly to your inbox

Theme: Automotive

Read more articles by the topic

Top stories

News digest: Lockdown not out of the question, PM Matovič says

The overview of news from Wednesday, October 21, 2020.

PM Igor Matovič says lockdown is still in play.

A curfew for those who refuse testing? Lawyers and president have doubts

The government risks the Constitutional Court canceling the nationwide testing.

Illustrative stock photo

The cabinet approves plan for permanent kurzarbeit

The new fund is expected to be introduced from 2022.

Labour Minister Milan Krajniak