FOR the third year in a row, Slovakia's economic growth was the strongest of all the Visegrad 4 (V4) states.
The country's gross domestic product grew by 5.5 percent in 2004, while neighbouring Poland recorded 5.4 percent and Hungary and the Czech Republic 4 percent.
According to the Hospodárske noviny business daily, economic growth in Slovaka is the fastest in the last seven years.
The economic growth was supported by a 3.5 percent growth in domestic consumption. The growth was also reflected in higher wages as real wages grew by 2.5 percent in 2004 and the average Slovak wage reached Sk15,825 (€420).
Companies in Slovakia also enjoyed the booming economy. According to the Slovak Statistics Office, non-financial sector companies registered a 24.3 percent profit growth on 2003.
Compiled by Martina Jurinová from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.
11. Mar 2005 at 11:32