Scrap yards

Slovakia's 28 licensed scrap yards took in 1,500 old cars for scrap last week. The Economy Ministry's scrapping subsidy program could be in place for at least eight weeks. The demand for new cars, especially less expensive models, has increased, but that ZAP will release hard sales figures later this week.The Government will be assessing the cost-effectiveness of its program in which car owners who scrap cars manufactured before December 31, 1999 can receive a subsidy of up to €2,000 when buying a new car. This will be completed after the total authorised subsidy amount has been used up, said Economy Minister Ľubomír Jahnátek, who didn't rule out the possibility that the subsidy program could be extended.