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Slovenia Weekly

Shovels planted

20.10.2017

Plans for the proposed Magna Steyr paint shop. Photo: Gregor Mlakar/STA
An agreement marking the largest greenfield investment in the history of independent Slovenia was signed on Tuesday. By signing an agreement on one of the largest investment projects in Slovenia to date – for a paint plant near Maribor – and receiving state financial stimulus amounting to EUR 18.6 million, the Canadian-Austrian firm Magna has committed to investing at least 100 million euros and creating at least a thousand jobs over the next five to ten years.

The signing of the agreement, which means that the Slovenian operations of large car producers will now include the Štajerska region, which has been home to the car industry in the past, creates the possibility for the industry to once again flourish in the area, which will primarily benefit people who will be able to work in their home country and will no longer have to cross the border to go to work. Magna’s investment will not solve Štajerska’s economic and social issues overnight, but it is an important element of the economic, social and other forms of progress in the municipality, the region and in Slovenia as a whole.


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