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IN SHORT BUSINESS

FDI reaches Sk23.4 billion in Slovakia

FOREIGN direct investments (FDI) in Slovakia totalled Sk23.376 billion (€590 million) in the first nine months of 2004, with Sk18.343 billion (€460 million) invested in the corporate sector and the rest in banks, wrote the central bank in its monetary review, according to the SME daily.

Hungary accounted for the biggest share of investments with Sk6.116 billion (€150 million). From January to September, Sk12.637 billion (€320 million) was invested in industrial production and Sk5.604 billion (€140 million) into financial mediation. Retail and wholesale sectors, motor vehicle repair, motorcycles and consumer goods absorbed Sk4.634 billion (€120 million) of investment.

The Bratislava region drew 83 percent of all investment. The Trnava region came in second with Sk3.488 billion (€90 million).

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