Spectator on facebook

Spectator on facebook

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.

Top stories

Chinese are closer to taking over Košice steelworks

The sale may be completed early next year, according to reports.

U.S. Steel Košice

Third anti-corruption march drew thousands Photo

The only demand that has been met to date is the abrogation of Vladimír Mečiar’s amnesties by parliament.

The anti-corruption march

Slovak water slalom racers start championship with a victory Video

The single canoe slalom team can boast with several records.

l-r: Alexander Slafkovský, Matej Beňuš and Michal Martikán

Blog: In Slovakia, tradition is key

The year round, the calendar is filled to the brim with traditional habits, happenings that seem to go back centuries.

Traditional "vinobranie" event in Pezinok.