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BUSINESS BRIEFS

Foreign investment in Slovakia rising

DIRECT foreign investment (DFI) in Slovakia for the first half of 2003 reached Sk20.838 billion (€505 million), with Sk19.801 billion (€481.3 million) going into the corporate sector and the remaining portion into the banking sector.

The aggregate volume of DFI in Slovakia thus reached Sk320.8 billion (€7.798 billion), according to the monetary report of the National Bank of Slovakia, news wire SITA reported.

The largest shares of DFI during this period arrived from Germany and Hungary. The corporate sector received Sk9.297 billion (€225.99 million) from Germany and Sk8.029 billion (€195.17) from Hungary.

Of the total DFI influx, Sk9.36 billion (€227.52 million) went into to the electricity production and distribution sector, Sk8.188 billion (€199.03 million) to industrial production, and Sk1.307 billion (31.77 million) to the financial mediation sector.

The Bratislava region consumed the largest share of the investment, reaching Sk14.390 billion (€349.79), followed by the Košice region with Sk5.135 billion (€124.82 million), the Trnava region with Sk445 million (€10.8k330 million (€8.02 million), and the Nitra region with Sk286 million (€6.95 million).

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