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BUSINESS SHORTS

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.

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