Contract with Hyundai to be signed in mid-May

A Czech government delegation is to leave for Seoul, South Korea, on May 15th to sign a one billion euro contract with the South Korean car maker Hyundai which is to build a car plant in the Czech Republic. Hyundai Motor officials confirmed earlier this week that the project would go ahead despite the fact that the company's chairman is embroiled in an embezzlement scandal. A ceremony to mark the beginning of construction at the Nosovice plant, in the northeast of the Czech Republic, has been postponed indefinitely.

Author: Chris Jarrett