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Car industry increases turnover

TURNOVER in the Slovak automotive industry last year increased by 6.5 percent year on year to Sk330 billion, and is expected to reach Sk400 billion this year.

The proportion of the automotive industry on Slovakia's overall industrial output last year represented 24.8 percent, down from 25.3 percent in 2004, the SME daily wrote.

Most of the output from Slovak automotive firms is exported. Exports increased by 5 percent increase in 2005 to Sk290 billion and, this year, should go up further to Sk340 billion, the Slovak automotive industry association ZAP SR estimated.

Slovakia's car industry is represented by three carmakers - Volkswagen in Bratislava and the new PSA Peugeot Citroen and Kia Motors Slovakia in Trnava and Žilina, respectively.

Volkswagen produces around 200,000 cars a year, while PSA plans to produce up to 450,000 and Kia around 300,000.

Compiled by Martina Jurinová from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

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