Car industry increases turnover

TURNOVER in the Slovak automotive industry last year increased by 6.5 percent year-on-year to Sk330 billion (€88 billion), and is expected to reach Sk400 billion this year.

The figures mean that the automotive industry produced 24.8 percent of Slovakia's overall industrial output last year, 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 in 2005 to Sk290 billion, and this year should rise further to Sk340 billion, the Slovak automotive industry association 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.

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