The Appeals Chamber of the High Anti-Corruption Court (HACC) has confiscated UAH 3.4 million in bail and declared the former deputy general director of the company “Ukrinmash” internationally wanted in a case involving the embezzlement of funds from a subsidiary of Ukroboronprom (Ukrainian Defense Industry). This was reported by the press service of the Specialized…
South Korean company DH Autolead Slovakia, a part of the Donghee concern, officially opened a new plant on September 17 in the industrial park in Krasno nad Kysucou, northern Slovakia. The plant was built within a year of the company announcing its EUR 4.7 million investment and comes with ambitious plans: to become part of…
Jaguar Land Rover has suspended production at its Slovak plant in Nitra after a cyberattack forced the company to shut down key IT systems. The carmaker said it had “taken immediate steps to mitigate the impact by proactively shutting down our systems” and was now “working on the controlled and safe restart of global applications”.…
TAD has completed construction of a new complex for production of special trailers for transportation of oversized cargo in the city of Volochysk, Khmelnytsky region. This was reported by Dmitry Kisilevsky, Deputy Chairman of the Verkhovna Rada Committee on Economic Development. Investment volume is $8 million. This project will allow TAD to launch production of…
Volvo’s next electric SUV remains shrouded in secrecy, with the brand offering little insight into which models will be produced in eastern Slovakia. However, speculation is mounting over what could emerge from its production lines. Initial expectations pointed to two Volvo-branded models. Yet another possibility is gaining traction – one that could see Kosice play…
Ukraine will launch a project to manufacture Japanese pickup trucks using the SKD (Semi-Knocked Down) services. This is a joint project of several Ukrainian manufacturers and a Japanese engineering company. This was announced by Yuliia Svyrydenko, First Deputy Prime Minister of Ukraine and Minister of Economy of Ukraine, during a business forum organised by the…
Zaporizhzhia Automobile Building Plant (ZAZ) plans to produce more than 160 buses this year. Ukrainian Prime Minister Denys Shmyhal said this in a post on Telegram after visiting the plant. “We visited Zaporizhzhia Automobile Building Plant that produced Ukrainian school and suburban buses of European quality. Despite Russian terror, the company plans to produce more…