Spectator on facebook

Spectator on facebook

BUSINESS SHORT

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 which was reinvested profits.

A Finance Ministry report suggests that this year's FDI has been better than in 2005 despite the fact that this was an election year that resulted in the return of a left-leaning government containing controversial politicians.

The FDI influx was associated primarily with the launch of production by 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 ministry expects a stable influx of green-field FDI in the years to come, and says the volume of FDI will also be influenced by the successful expansion of production as planned by Slovakia's long-term investors.

Top stories

Emergency declared in Prešov after Sunday storm Video

A powerful storm swept through the city on July 23.

Strong storm hit prešov on July 23.

Slovak water slalom racers won seven medals

Young Slovak talents made the hearts of sports fans race with their performance at the World Championship in water slalom.

Marko Mirgorodský

Austrian Ambassador: The normalisation of our relations has grown

Most people want the EU to exist in the future – we just have to mobilise this majority and not take things for granted, says Austrian Ambassador to Slovakia Helfried Carl in an interview with The Slovak Spectator.

Austrian Ambassador Helfried Carl

Fico for better fish fingers

It’s true that in the past four months, Mr Fico has been comparatively less busy than his Visegrad Group partners.

Austrian fish fingers angered PM Fico.