Spectator on facebook

Spectator on facebook

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
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

Top stories

Sagan rewrites history Video

Cyclist Peter Sagan becomes the first man to win three consecutive world championships.

When the state can’t keep a secret

A selective leak has tarnished President Kiska’s reputation. But he must continue to speak out about corruption.

President Andrej Kiska

Námestie Slobody gets facelift Photo

The architectural tender will gather ideas for the redesign of the biggest square in Bratislava

Námestie Slobody will be redesigned into a kind of living room in the city.

Fundamental values explored at Divadelná Nitra 2017

This time round, the Slovak, European and US ensembles at the theatre festival focus on #fundamentals, i.e. basic values and the essence of all things.

Nature Theatre of Oklahoma: Pursuit of Happiness