Spectator on facebook

Spectator on facebook

Dzurinda courts potential Italian investment

Slovak Prime Minister Mikuláš Dzurinda has invited Italian businessmen to take advantage of the opportunities the Slovak Cabinet has offered foreign investors since April 1.
Dzurinda, on a two-day trip through Italy with Economy Minister Ľudovit Černák, Finance Minister Brigita Schmögnerová, and Foreign Ministry State Secretary Ján Figel, addressed Italian businessmen at the Italian Union of Industry (Confindustria). During his lecture, Dzurinda introduced Slovakia's new foreign investment strategy which is aimed at attracting direct foreign investment. He highlighted the country's 5-year tax holiday for foreign investors who promise to invest at least 5 million ECU (2.5 in areas of high unemployment) while exporting 60% of their production.

Slovak Prime Minister Mikuláš Dzurinda has invited Italian businessmen to take advantage of the opportunities the Slovak Cabinet has offered foreign investors since April 1.

Dzurinda, on a two-day trip through Italy with Economy Minister Ľudovit Černák, Finance Minister Brigita Schmögnerová, and Foreign Ministry State Secretary Ján Figel, addressed Italian businessmen at the Italian Union of Industry (Confindustria). During his lecture, Dzurinda introduced Slovakia's new foreign investment strategy which is aimed at attracting direct foreign investment. He highlighted the country's 5-year tax holiday for foreign investors who promise to invest at least 5 million ECU (2.5 in areas of high unemployment) while exporting 60% of their production.

According to Dzurinda, Slovakia has officially become a new, fully democratic country since the parliamentary elections of 1998. He emphasised that the new government is determined to change negative economic indicators, including internal and external indebtedness of the country, the deficit of the balance of payments, and the trade deficit.

The process of selecting a strategic investor for Slovak Telecom and the "big business" that Volkswagen in Slovakia represents were also discussed by Dzurinda.

In response, the Italian businessmen said they appreciated the willingness of the new Slovak government to create transparent economic tools aimed at reviving business and investment. However, many of them were critical of the Slovak customs administration which, they said, has the power to make business difficult for companies wishing to invest in Slovakia. They also took issue with the Slovak law banning foreigners from buying land and some other kinds of real-estate in Slovakia.

On his trip, Dzurinda also met Italian President Oscar Luigi Scalfaro, the President of the Italian Senate Niccolo Mancini and the Slovak Ambassador to Rome, who hosted a reception for the Slovak delegation. He also met with Pope John Paul II.

Top stories

It's not your Slovakia, Bystrica protesters told Kotleba

President Andrej Kiska spoke to the crowd at the protest gathering, asking Slovaks what kind of country they want to have.

Lajčák gives two versions of the Evka story

The Foreign Ministry gives opposing statements about suspicious procurement related to the Slovak Presidency over the EU Council.

Government of PM Robert Fico (left) endorses Lajčák as its official candidate.

PM Fico: Investors should clearly declare whether they have encountered corruption or not

Representatives of the biggest investors in Slovakia met with Fico to discuss the local business environment.

PM Robert Fico meeting with representatives of big investors in Slovakia.

Blog: HR Marketing: Not everybody can be Google!

It is important to know who your target audience is and the position you aspire to achieve as an employer on the market.

Illustrative stock photo