IN SHORT

Slovakia attractive to investors

SLOVAKIA was the 12th most attractive investment destination in Europe in 2004, according to an Ernst & Young survey of 672 managers worldwide, the Hospodárske noviny business daily reported.

The new EU member was also the sixth most frequently mentioned European country for prospective future investments.

As regards the attractiveness of the tax system, Slovakia shared third position with Poland and Switzerland.

Based on the direct foreign investments factor, Slovakia ranked fifth in terms of its share of the automotive industry (behind France, the Czech Republic, Poland, and the UK).

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