Spectator on facebook

Spectator on facebook

BUSINESS SHORTS

Foreign direct investment at Sk58 bn in 2006

THE INFLUX of foreign direct investments in Slovakia totalled Sk57.703 billion (€1.7 billion) last year, which is 2.5 times more than in 2005.

Foreign direct investments that year totalled only Sk21.883 billion (€650 million).

The corporate sector contributed as much as Sk58.159 billion (€1.74 billion) to last year's increase. In contrast, the banking sector reported a decline in investment of Sk456 million (€13.6 million), according to the National Bank of Slovakia.

Of the total amount of foreign direct investments in Slovakia, as much as Sk186 billion (€5.55 billion) went to industrial production, Sk91.6 billion (€2.75 billion) was invested in financial services and Sk66 billion (€2 billion went into energy production and distribution.

Italy was the most significant investor in Slovakia in 2006, investing a total of Sk31.724 billion (€950 million). At the end of April 2006, the Italian energy company Enel took control of Slovakia's dominant power producer, Slovenské Elektrárne as its 66-percent majority shareholder.

After Italy came Austria, Korea, Germany, Cyprus and the Czech Republic.

Most funds were invested in Bratislava Region, which received foreign direct investments of Sk42.515 billion (€1.27 billion). Žilina Region was second, followed by the Trenčín, Trnava and Košice regions. Prešov Region had the lowest investment.

The outflow of foreign direct investments from Slovakia totalled Sk9.5 billion (€284 million). Most of it, approximately Sk7 billion (€209 million), went to Luxembourg. Most foreign direct investments from Slovakia were in the fields of real estate, trading activities and financial services.

Top stories

General Prosecutor filed a motion for the dissolution of ĽSNS

The Slovak Supreme Court received a motion to dissolve the extreme right ĽSNS party founded and led by Marian Kotleba.

Jaromír Čižnár

Russian spies allegedly recruit also Slovaks

They are using martial art clubs in Germany and dozens more in other EU states, in the Western Balkans, and in North America.

Illustrative stock photo

EC scrutinises state aid for Jaguar Photo

There is a question whether the scrutiny may impact the carmaker’s plans to invest in Slovakia.

The construction site of a brand new plant of Jaguar Land Rover near Nitra.

GLOBSEC forum will host guests from 70 countries

The 12th year of the conference will be attended by the highest number of participants in its history.

Slovak President Andrej Kiska gives the opening speech of The Globsec 2016 security conference.