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BUSINESS BRIEFS

Cheap land attracts foreigners

FOREIGN farmers are increasingly interested in Slovak land and are currently working an estimated 50,000 hectares, mainly in the southwest of the country, according to 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.

Top stories

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.

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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.

Armed forces need new armour, and more

Slovakia's armed forces need to modernise their military technology, but also improve infrastructure and make soldiers' salaries more competitive.

Illustrative stock photo