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Slovakia most attractive V4 country for German investors

AMONG the countries of the Visegrad Four grouping (Slovakia, Poland, Hungary and the Czech Republic), Slovakia is the most attractive for German investors, according to Michael Kern, a member of the board of the Slovak-German Chamber of Trade and Industry.

Based on the results of a survey of 83 German investors operating in Slovakia, Kern said that Slovakia is even more popular than China, the daily SME wrote.

Almost 90 percent of respondents would again choose Slovakia as an investment destination. Over 50 percent of those questioned consider the current anf uture economic situation in Slovakia to be largely positive.

Among the biggest German investors in Slovakia are Volkswagen, Ruhrgas and the E.ON energy firm.

"Only a few countries have reached results as good as Slovakia's. This country's boom is also seen in the growth of turnover and profit at German companies operating in Slovakia," Kern said.

Some 75 percent of those questioned said that their turnover in 2005 was higher than in 2004, while two-thirds expected higher turnover in 2006. Two-thirds expected their costs to increase as well, while 28 percent forecast a growth in wages, the TASR news wire wrote.

Improving law enforcement, combating corruption and crime and improving infrastructure were seen as the most urgent tasks facing for Slovak government.

Compiled by Beata Balogová from press reports
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