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SARIO attracted less investment year-on-year

The Hospodárske Noviny financial daily wrote on April 17 that the Slovak Investment and Trade Development Agency (SARIO) attracted considerably less investment in the first quarter of this year than it had a year ago.

The Hospodárske Noviny financial daily wrote on April 17 that the Slovak Investment and Trade Development Agency (SARIO) attracted considerably less investment in the first quarter of this year than it had a year ago.

SARIO drew in nine investment projects in the first quarter of 2008 that will bring in foreign direct investment of €103 million.

"In the first three months of 2007, we played an active role in 18 investment projects and obtaining €462.8 million in foreign direct investment," SARIO spokesperson Jana Murinová confirmed for the daily.

According to Pavol Karasz, an economist with the Institute for Forecasting at the Slovak Academy of Sciences, investment is in the doldrums due to a slowdown in the global economy, which has spread across Central Europe. TASR

Compiled by Zuzana Vilikovská from press reports

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

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