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Slovak economy to be driven by LCD production

Slovakia’s growth this year was supported by cars, but that industry will be replaced by LCD TVs, the Sme daily wrote on December 28. The output of the automotive industry in Slovakia this year was about Sk300 billion (€8.9 billion) and next year producers can count on further growth of about twenty percent. All three automotive industry producers in Slovakia - Volkswagen, Peugeot and KIA - have fulfilled their plans for this year and their aggregate output was approximately 580,000 cars.

Slovakia’s growth this year was supported by cars, but that industry will be replaced by LCD TVs, the Sme daily wrote on December 28. The output of the automotive industry in Slovakia this year was about Sk300 billion (€8.9 billion) and next year producers can count on further growth of about twenty percent. All three automotive industry producers in Slovakia - Volkswagen, Peugeot and KIA - have fulfilled their plans for this year and their aggregate output was approximately 580,000 cars.

This year's growth in car production was 38 percent. Analysts expect the electronics industry with new LCD TV plants launching full production to take over as the driving force of Slovakia's industry next year.

Compiled by Jana Liptaková from press reports

The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

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