Three foreign investors will expand their production in the Eastern Slovakia, Slovak Economy Minister Vazil Hudak said Tuesday.

The region has a high unemployment rate, standing at 16.4 percent in July.

The producer of cable bundles Konfektion E SK will hire 100 new people in the next few months. The company has asked the ministry for investment assistance in the form of tax relief amounting to 2.8 million euro (3.1 million U.S. dollars).

"The investment appears to meet the requirements for a company to receive such state support. I believe that the process will be completed and that the government will approve the assistance by the end of October," stated Hudak.

Hudak also announced that BHS Drives and Pumps -- a producer of electrical engines and pumps for washing machines -- will create 40 new jobs. The firm is applying for state support worth 800,000 euro.

Meanwhile, Deltrian Slovakia, a producer of filtration systems for ventilation, will create 50 new jobs and is asking for state assistance amounting to 1.2 million euros.

Source: XINHUA