SARIO working on 40 new projects

THE SLOVAK Investment and Trade Development Agency (SARIO) reports 40 projects in the pipeline, chiefly in the field of the automotive industry.

In the event of their successful implementation, new investments of €2 billion could arrive in Slovakia, creating 6,000 to 10,000 new jobs.

SARIO director general, Roman Kuruc, told SITA that these projects also cover the wood-processing and chemical industries.

Investments from new projects would flow mostly to northern Slovakia, specifically in the area of the cities of Źilina, Martin, and Banska Bystrica. The first projects announced could be signed in early summer, said Kuruc.

Potential investors are chiefly from the United States, Germany, France, and Japan. At the moment, he sees potential problems in infrastructure and in the projects' implementation timeframes.

"Everybody wants everything all at once, leaving decisions to the last moment," said Kuruc, adding that new investors would like to start production by the end of this year.

SARIO registers 240 potential investment projects amounting to about €6 billion at the moment. These investments could create 29,000 to 55,000 jobs.

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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