Foreign Invest In Slovakia Doubles In 2007 To EUR1.28B - AFP
Thu, Jan 17 2008, 16:10 GMT
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Foreign Invest In Slovakia Doubles In 2007 To EUR1.28B - AFP

BRATISLAVA, Slovakia (AFP)--Foreign investment in Slovakia doubled in 2007 to EUR1.28 billion, Sario, the investment promotion agency, said Thursday.

"This is double the investments compared with 2006," Sario director Peter Hajas said in a press conference, adding Slovakia's high economic growth was also a factor in the rise.

Sario closed 64 deals with companies in 2007. The highest number of projects, 16, were realized in the underdeveloped, eastern Kosice region.

Most projects were in the engineering, electronics and car industry sectors and were expected to create between 14,738 and 16,852 jobs.

In 2006, Sario completed 65 projects worth EUR607 million.

Sario is working on 146 new projects this year worth around four billion euros. Most of the investors come from Germany, the U.S., the U.K., Belgium, South Korea, Austria and Italy.

Slovakia reported economic growth of 9.4% in the third quarter of 2007.

(END) Dow Jones Newswires

This is a very interesting article as the PS monthly FDI updates hardly ever give Slovakia a mention. Great to see confirmation that investment is still pouring in.

That's why I thought I'd post it. Don't know why Slovakia doesn't feature very highly in the PS FDI updates.

Actually what's really interesting is the amount quoted for deals they are working on for 2008 and the proportion of 2007 deals in Kosice.

Shadwell and Huw,

There is no doubt that the investment continues to pour into Slovakia.

As with all the markets, we try and provide extensive FDI research each month. We might miss out on some investment announcements in the FDI monitor - please let us know if there is anything we have missed. We will be covering the announcement for Slovakia for 2007 in the next report.

Noreen