Spectator on facebook

Spectator on facebook

ECONOMIC BRIEFS

Cumulative FDI up to 41.2bn Sk in '97

Foreign direct investment (FDI) into Slovakia totaled 5.4 billion Sk ($156.3 million) in 1997, putting cumulative FDI between January 1990 and December 1997 at 41.2 billion Sk ($1.2 billion), the NBS said on June 2. The biggest investor in 1997 was neighboring Austria, accounting for 27.3% of the total, while Germany contributed 25.8%. France and the United States took up 8.7% each. But in cumulative terms, Germany remained the largest foreign investor, accounting for 25.7% of total FDI, or 10.6 billion Sk. Austria invested 8.8 billion Sk over the same period, while the United Kingdom was third overall, investing a total of 4.7 billion Sk. Divided by sectors, the largest portion of FDI went to industrial production, totaling 22.6 billion Sk. Investment in the trade and car service sector totaled 10.2 billion, followed by the financial and insurance sector with investments worth 2.0 billion.

Top stories

In praise of concrete

It was once notorious for its drab tower blocks and urban crime, but Petržalka now epitomises modern Slovakia.

Petržalka is the epitome of communist-era architecture.

Slow down, fashion

Most people are unaware that buying too many clothes too harms the environment.

In shallow waters, experts are expendable

Mihál says that it is Sulík, the man whom his political opponents mocked for having a calculator for a brain, who “is pulling the party out of liberal waters and towards somewhere completely different”.

Richard Sulík is a man of slang.

Blog: Exploring 20th century military sites in Bratislava

It seems to be the fate of military sites and objects in Bratislava that none of them were ever used for the purposes they were built for - cavernas from WWI, bunkers from WWII, nuclear shelters or the anti-aircraft…

One nuclear shelter with a capacity for several hundred people now serves as a music club with suitable name Subclub (formerly U-club).