Spectator on facebook

Spectator on facebook

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.

Top stories

They reported corruption at the Foreign Ministry. Now they receive an award

The tenth year of the White Crow award, celebrating young people and activists who break prejudices and go against the tide.

White Crow award laureates

Blog: Slovakia’s time to shine is now

People may be able to recognise Slovakia’s neighbouring countries through associations with food, drinks, beautiful cities or well-known political events. But Slovakia remains very much "hidden".

Bratislava Castle

The day that changed the Tatra mountains for good Photo

The windstorm damaged 12,000 hectares of woods on November 19, 2004.

Tatras after the 2004 calamity

Smer follows a downward trend but may escape oblivion

What does the defeat in regional elections mean for the future of Slovakia’s strongest party?

“How could it be a fiasco when a political party wins most councillors among all parties?” asks PM Robert Fico.