AFTER a period of decline, mechanical engineering is developing very dynamically in Slovakia, Finance Minister Ivan Mikloš said at the ceremony to mark Slovakia's national day at the 47th international Veltrhy exposition in Brno, Czech Republic, on October 5.
Profits in the industry per employee have risen by approximately 300 percent since 1989, while unemployment has dropped by 50 percent. Thus the progress in labour productivity and competitiveness is evident, the TASR news wire reported.
Mikloš said that the biggest share in Slovakia's mechanical engineering field belongs to the automotive industry. Mikloš and his Czech counterpart Milan Urban discussed the investment of a big Korean carmaker in Ostrava (Czech Republic) that announced recently.
"If the Czech Republic succeeds in attracting the investor, the region of the former Czecho-Slovakia may become a major global car producer per capita. Slovakia and the Czech Republic will be on the top," he emphasized.
Mikloš considers the exposition to be an important event for both countries. He claims the fact that the international event is being attended by many Slovak companies provides evidence of the good mutual relations between the countries, especially in the economic field. Lately, not only big firms, but also medium and small companies have been participating.
According to Veltrhy Brno expo Director-General Jiří Skrla, Slovakia is, after Germany, the second biggest exhibitor at the expo. Some 38 Slovak companies are participating for the first time.
Compiled by Beata Balogová from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.
5. Oct 2005 at 9:45