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SURVEY

German investors declare Slovakia most attractive in CEE

A NEW survey has found that German investors consider Slovakia the most attractive investment market in Central and Eastern Europe.

A NEW survey has found that German investors consider Slovakia the most attractive investment market in Central and Eastern Europe.

The results were reported by the Slovak-German Chamber of Commerce and Industry (SNOPK), which polled 95 companies from the industry, trade and services sectors, the SITA newswire wrote.

Slovakia received an excellent score because of its low tax burden and transparent and simple tax system, SNOPK reported.

The survey concluded that the majority of the polled firms (86 percent) would once again select Slovakia as a place to invest. Over two thirds of the respondents said they consider Slovakia's current economic situation to be positive, but also said they no longer expect further improvement. A total of 61 percent expect that development will remain stable, while 27 percent believe it will speed up. Half of the German investors predicted that the situation in the corporate sector will improve this year.

Other findings included that more than 40 percent of the firms polled intend to increase their investment or at least maintain last year's level. More than 50 percent plan to take on more staff. The German investors have already noticed a shortage of skilled workers.

The Slovak-German Chamber of Commerce and Industry was founded in 2005 in Bratislava. It represents the interests of about 240 companies, which employ nearly 70,000 people in Slovakia and post an annual turnover of €11 billion. SNOPK is a member of the global network of German chambers of commerce based abroad. The managing authority is the German Association of Chambers of Industry and Commerce in Berlin.

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