Investing.com - Financial Markets Worldwide
🧐 ProPicks AI October update is out now! See which stocks made the listPick Stocks with AI

Poland says state support helped Slovakia win JLR car plant

Published 2015-08-11, 06:49 a/m
© Reuters. Poland says state support helped Slovakia win JLR car plant

WARSAW, Aug 11 (Reuters) - Poland, which has lost out to
Slovakia as the venue for a potential new plant for carmaker
Jaguar Land Rover (JLR) TAMOJL.UL , did not want to match the
level of state support offered by its neighbour, the economy
ministry said on Tuesday.
"We have made a good offer to our partners, but it was not
costly for state budget," the ministry said in a statement. "At
the closing stage of negotiations the Slovaks have offered a
very high level of direct state support."
"In our Polish way of calculation, this level of support was
not acceptable, because it would mean that profits and costs
would not be shared equally between parties."
JLR said earlier on Tuesday it has signed a letter of intent
to build a new car plant in Slovakia, a further expansion away
from its British manufacturing base.

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.