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The Government of the Slovak Republic approved investment aid for two major investments that will bring more than 800 jobs to the east of Slovakia
Vytvorené dňa: 09.07.2025 Aktualizované dňa: 09.07.2025
On Wednesday, 29 January 2025, at its meeting in Červený Kláštor, the Slovak Government approved investment aid for two companies planning to expand their production capacities in Slovakia, following a proposal by the Slovak Ministry of Economy. These projects will create up to 823 jobs jobs in regions with long-term high unemployment.
„Investments in industry, especially in technology-intensive sectors with global market prospects, are key to a stronger and more competitive economy. That is why today we have supported further investment that will bring quality jobs and higher living standards to the regions that need it most, while also creating job opportunities for marginalised groups. We are committed to supporting investments that contribute to a growing market, while also giving a chance to people from places where job opportunities are scarce,“ said Deputy Prime Minister and Minister of Economy Denisa Saková.
Supported investments, which will take the form of tax relief, will be made in regions facing long-term economic challenges and long-standing high unemployment. In both cases, the new jobs pay higher wages than the regional average.
Conec Slovakia s. r. o.
Conec Slovakia, which is part of Amphenol, the American corporation and world's second-largest connector manufacturer, is investing in expanding its production of connectors and hybrid connectors at its Giraltovce plant in the Svidník district. This area has long been included on the list of least developed regions. The expansion will create up to 523 jobs in the region, offering an average wage higher than the district average. The investment will also have a positive impact on neighbouring districts such as Bardejov, Stropkov and Vranov nad Topľou, which are also classified as LDRs. The existing industrial zone will be used for the expansion of the plant's capacity, and the Slovak government has approved aid for the investment in the form of income tax relief of EUR 1.25 million.
Conec's products are used in automation, telecommunications, energy technology, mechanical engineering, agricultural technology, medical technology, transport and aerospace.
Xinquan Slovakia Automotive Trim s. r. o.
The second supported investment, totalling EUR 8.4 million, is a project by Xinquan Slovakia Automotive Trim s.r.o., a company belonging to the Chinese Xinquan Group. Specialising in the production of components for the automotive industry, the company will be expanding its production capacity in the industrial zone in Petrovany, Prešov district. This investment will also benefit the surrounding, less developed districts, such as Bardejov, Gelnica, Košice-okolie, Levoča, Sabinov, Svidník and Vranov nad Topľou. The project will create up to 300 jobs, and the average wage will be significantly higher than the district's average. The new plant will be established within an existing industrial zone, and the investment project is planned for export.
The Press Department of MoE SR
