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BUSINESS BRIEFS

Office space cropping up in capital

NEW administrative buildings in Bratislava are appearing like mushrooms after rain, with a further 60,000 square metres of office space due to be added by the end of this year, according to the Hospodárske noviny financial daily.

While some developers say that the increased supply will push office rental prices below those in Prague and Budapest, Laurie Farmer of the Spiller-Farmer real estate consultancy said demand this year is still twice as great as supply.

Once Slovakia joins the EU, the Schengen border will move eastwards, and Bratislava will be able to profit from its proximity to Vienna, as well as its cheap and professional workforce, Farmer added.

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