Aggregate volume of Slovakia’s FDI at Sk337.4 billion in late 2003

The aggregate volume of foreign direct investment (FDI) in Slovakia reached Sk337.4 billion (€8.4 billion) at the end of last year with Sk274.5 billion (€6.8 billion) invested in the corporate sector and Sk62.8 billion (€1.6 billion) in banks.

The FDI influx last year amounted to Sk32.1 billion (€801 million), the Statistics Office announced.

Germany invested Sk10.677 billion (€266.4 million) and Hungary Sk7.365 billion (€183.8 million) in the Slovak corporate sector. Hungary was the biggest investor in the banking sector with an investment volume of Sk971 million (€24.2 million), while Austria invested Sk601 million (€15 million) in Slovak banks, news wire SITA writes.

From the total FDI influx last year, Sk12.995 billion (€324.3 million) was directed into industrial production and Sk10.463 billion (€261.1 million) into the public sector, defence, and compulsory social welfare.

The retail and wholesale sector, repairs of motor vehicles, motorcycles, and consumer goods absorbed Sk4.982 billion (€124.3 million), while the real estate sector and trade activities consumed Sk867 million (€21.6 million). The Bratislava region acquired the biggest share of new FDI in Slovakia in 2003, amounting to 82.4 percent.

Germany also had the largest share in total FDI in Slovakia (24.7 percent), followed by the Netherlands (16.9 percent), Austria (13.6 percent), and Italy (8.4 percent).

Investments chiefly headed to branches of industrial production (37.9 percent); financial mediation (22.7 percent); production and distribution of electricity, gas, and water (12 percent); wholesale and retail trade, repairs of motor vehicles, motorcycles, and consumer goods (11.5 percent); and transport and storage (10.1 percent).

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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