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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.

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