IT investments exceeded $1 billion in 2006

AN ANALYSIS carried out by IDC, an international IT market research company, reports that investments in information technologies (IT) exceeded $1 billion in Slovakia in 2006, an 11 percent increase from the $980 million recorded in 2005.

The survey showed that high economic growth in Slovakia in 2006 along with privatization sales and foreign direct investments boosted spending on both basic and advanced IT products and equipment.

"IT services took the top spot on Slovakia's IT market, and are currently producing higher revenues than servers, data storage systems, and computers put together," said IDC analyst Arun Chandramohan.

On a sectoral basis, the survey revealed that the biggest IT investments in 2006 were made by the communications sector, followed by the government and banks.

Get daily Slovak news directly to your inbox

Top stories

News digest: Foreigners’ Police departments remain closed

Slovenia has ordered PCR tests developed by Slovak scientists. Holocaust survivors received the coronavirus vaccine jab.

11 h

Slovakia has more and more vaccines available. State lacks courage

Slovakia is taking a cautious approach to make sure it will be able to deliver second doses when needed.

15 h
Police control at the border crossing in Drietomá (Trenčín Region).

Stricter curfew rules come into force, police intensify checks

Negative test result required when going to work or doing sports in nature.

17 h
The entry of new data is required via Slovensko.sk.

Companies complain about an absurd fee. They need to add information state also has

Firms have to add their representatives’ birth numbers to business register. They can be fined if they fail to do it.

17 h