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Economy minister says political instability threatens investments

ECONOMY Minister Pavol Rusko warned that Slovakia's international position in its fight to attract foreign investors has been worsening due to the inability of the country's ruling coalition to solve its internal conflicts, news wire SITA wrote.

"Slovakia might lose Sk120 billion (€2.95 billion) if it fails to promptly guarantee stability," Rusko said.

According to Rusko, 12 foreign investors have already expressed concern and last week's developments have also threatened the country’s key investment project, the construction of a Kia Motors car production plant worth $1.5 billion (€1.23 billion).

The Free Forum, led by former defence minister Ivan Šimko, split from Mikuláš Dzurinda's Slovak Democratic and Christian Union party last month and is now conditioning its support for the ruling coalition on Dzurinda’s resignation.

The economy minister called on Šimko and Dzurinda to iron the conflicts and not put Slovakia's future at risk.

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

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