AGP Executive Report
Last update: 2 hours agoPower Storage: Voith will modernise two units at Slovakia’s 735MW Čierny Váh pumped-storage plant, adding variable-speed equipment to improve grid flexibility. Work is due to finish in 2030 and 2031. Automotive Supply Chain: Schaeffler plans 3,460 job cuts and five European site closures by 2028, with reductions also affecting Slovakia as the supplier responds to weak demand and tougher competition. Digital Security: Bratislava-based Innovatrics has won the highest-level certification for detecting injection attacks in remote identity checks, a safeguard relevant to banks and regulated digital services. Technology: Slovak processor developer Tachyum has filed for bankruptcy, putting its delayed Prodigy chip project and related assets at risk. Vehicle Production: Slovakia’s auto sector faces uncertainty: Kia is weighing whether to move all EV output to the country, while Audi production could shift to the US, potentially putting output at the Bratislava VW plant at risk.
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