IN SHORT

FDI tide rises in first quarter of 2005

IN THE FIRST quarter of 2005, Slovakia attracted Sk1.106 billion (€28.826 million) worth of foreign direct investment (FDI), while Slovak firms invested Sk30 million (€780,000) abroad, said the Slovak Statistics Office.

The vast majority of the foreign direct investments, worth Sk1.083 billion (€28.5 million), went into the business sector, with Sk23 million (€598,000) going to the banking sector. The biggest investors for the period were companies from Great Britain and Austria bringing in Sk538 million (€14 million) and Sk438 million (€11.3 million) respectively. The Czech Republic invested Sk437 million in Slovakia and Germany Sk400 million (€10.4 million).

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Illustrative stock photo