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Government to Provide Taiwanese Investor With Millions in Support
Wednesday 02 December 2009 Zoom in | Print page
Bratislava, December 2 (TASR) - A new investor from Taiwan expected in Trencin should be given financial state support reaching €5.32 million within ten days, the Government approved on Wednesday.
According to Economy Minister Lubomir Jahnatek, the state support for AU Optronics Corporation should reach 20 percent of the total investment.
The Finance Ministry is also obliged to allocate €10 million in support of this investment by January 29, 2010. The money should come from the 2010 state budget.
The Government also approved support for the town of Trencin reaching €32.69 million.
The Taiwanese company asked for investment assistance worth €38.27 million, intending to acquire tangible assets with the money.
The investment should reach €191.30 million between 2010 and 2013, creating 1,300 direct and 2,000 indirect jobs.
"This is an investment to produce 2.4 million LCD panels and TV sets per year," said Jahnatek.
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