Three significant investments underway

The Economy Ministry announced that it has launched talks with three significant companies that may place their investments in Slovakia, all in western Slovakia. One of the investors, active in the car industry, intends to expand its production by 600 jobs in the Upper Nitra region. Another potential investment may be placed by German lighting manufacturer Osram, which already has 1,200 employees in Nové Zámky, also in the Nitra region. Initially, it can create between 200-400 jobs, and later the figure may increase to 600, claims the Economy Minister, adding that the state wants to see the investment being placed in Nové Zámky, in south-eastern Slovakia. Therefore, the state has offered investment aid to the investor that is also holding similar talks in Poland. "We've given the company's top representatives an offer that can't be declined," stated Minister Pavlis. Meanwhile, a Korean company active in the car industry Sam Hwa Tech is coming to Turiec, northern Slovakia, to create 200 jobs. The firm will be a supplier for car producers for Kia and Hyundai.