6. December 2004 at 00:00

FDI reaches Sk23.4 billion in Slovakia

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FOREIGN direct investments (FDI) in Slovakia totalled Sk23.376 billion (€590 million) in the first nine months of 2004, with Sk18.343 billion (€460 million) invested in the corporate sector and the rest in banks, wrote the central bank in its monetary review, according to the SME daily.

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Hungary accounted for the biggest share of investments with Sk6.116 billion (€150 million). From January to September, Sk12.637 billion (€320 million) was invested in industrial production and Sk5.604 billion (€140 million) into financial mediation. Retail and wholesale sectors, motor vehicle repair, motorcycles and consumer goods absorbed Sk4.634 billion (€120 million) of investment.

The Bratislava region drew 83 percent of all investment. The Trnava region came in second with Sk3.488 billion (€90 million).

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