Why BMW opted for Hungary, not Košice

02.08.2018

The BMW car maker has not published why it preferred Debrecen (Hungary) to Košice as location for its €1bn car plant. The Trend weekly writes that the Hungarian location could offer investment incentives totaling 50% of the investment, while Košice only offered 35%. Debrecen has a highway connection to Budapest, while the Košice-Bratislava highway might not be completed until 2026. Hungary has a 9% corporate income tax and 0% tax on dividends, while Slovakia has 21% and 7% rates respectively. Like Slovakia, Hungary has a wide network of automotive suppliers, as Audi and Mercedes-Benz have car plants and Samsung makes electric car batteries there. Debrecen is close to Romania, where some of its suppliers might place their plants and benefit from much lower wages. Košice is just 170 km from Debrecen and some BMW suppliers might place their plants there.

 

(etrend.sk)

Please reload

Táto správa je z Ekonomiky DNES, denného prehľadu najdôležitejších ekonomických správ zo Slovenska.

This news is from the Slovak Business News TODAY, one-page summary of all the important Slovak business news.

Scientists in Bratislava uneligible for EU funds

10.08.2020

Scientists are protesting the conditions of the Education Ministry’s €80m call for projects fighting the pandemic. The EU does not allow institutions...

U.S. Steel posted a 36% annual drop in revenues to $908m in 1H20

10.08.2020

Košice-based U.S. Steel posted a 36% annual drop in revenues to $908m in the first half. The drop was 41% in 2Q. Its output slumped by a third to 1.52...

U.S. Steel v prvom polroku s 36% prepadom výnosov

10.08.2020

Oceliareň U.S. Steel v prvom polroku t.r. zaznamenala 36% prepad výnosov na 908 mil. USD. V druhom štvrťroku bol dokonca prepad 41%. Aj výroba sa v pr...

1/5
Please reload

Copyright  © 1994 - 2019    Symsite Research         All rights reserved.