Stiebel Eltron is investing €26m in Poprad
The Economy Ministry proposed a €4.5m investment incentive (income tax break) for a €26m investment of the German manufacturer of electric heaters and heat pumps Stiebel Eltron in the expansion of its plant in Poprad. Upon completion at the end of 2024, the investment will create 92 jobs. Last year, the plant posted a 36% drop in net profit to €0.9m and its sales rose 10% to €39.3.
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