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Cheap land attracts foreigners


Foreign farmers are increasingly interested in Slovak land and are currently working an estimated 50,000 hectares, mainly in the southwestern part of the country, according to Vaclav Fabrici, head of the Slovak farmers union.

As a future EU member, Slovakia is an attractive investment location for Western farmers, with land prices dramatically lower than in the EU. According to 1998 figures from the Slovak Land Fund, one hectare of farm land in Slovakia costs on average 1,200 euro, compared to 52,900 euro in Luxemburg, 17,100 euro in Germany, and 9,100 euro in the UK.

Compiled by Martina Pisárová from press reports.
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

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