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Midyear FDI in Slovakia at Sk55.5 billion

IN THE FIRST half of 2006, foreign direct investment (FDI) in Slovakia reached Sk55.5 billion. Sk17.5 billion of this sum was reinvested profits.

A Finance Ministry report suggests that this year's FDI has been better than in 2005 in spite of some restrictions seen in the pre-election period, in particular limits on the sale of land to foreign investors.

The ministry expects a stable influx of green-field FDI in the years to come as well.

The FDI influx is associated primarily with the production of large automakers in Slovakia as well as with the entry of foreign investors to other branches such as the electronics, electrical engineering, metal processing and wood and paper industries.

The volume of FDI will also be influenced by the successful completion of the planned expansion of production by Slovakia's long-term investors, reads the ministry document.

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