Spectator on facebook

Spectator on facebook

Hungarians investment flourishes in southern Slovakia

LAST YEAR over a thousand Hungarian firms opened branches or moved their headquarters to towns in southern Slovakia.

Lower taxes and the locals' knowledge of Hungarian are the main reasons for the Hungarian firms to move to Slovakia, the daily SME reported.

"Not only the advantageous VAT rate but also Komárno's European atmosphere inspired us to come," said one Hungarian shop owner who moved there from Budapest.

The Hungarian firms are mostly in the fields of furniture sales, consumer sales and animal fodder.

However, thousands of Slovaks have also taken up jobs in the northern part of Hungary, which has reduced the unemployment rate in Komárno down from 20 to 10 percent.

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

Crematorium in Bratislava is an architectural revelation Photo

Those who have experienced farewells in other crematoria know what makes it special. Now the best work by the architect Ferdinand Milučký is getting a monograph

Crematorium in Bratislava by architect Ferdinand Milučký

What kind of expectations do some Slovaks have for world leaders?

Among EU member states, opinions of the United States declined in all but two — Poland (which makes some sense) and Slovakia (which does not).

Donald Trump

Crates and boxes. Slovaks discover new ways of grocery shopping

Farmer’s boxes are gaining customers in Slovakia as people slowly become more conscious about quality and the origin of the food they eat.

Foreigners: Top 10 events in Bratislava Video

Tips for the top 10 events in the capital between January 19 and January 28, plus regular services in different languages, training, temporary exhibitions and highlights of the year.

Scandi 4