Spectator on facebook

Spectator on facebook

Arab market opening to Slovak investors

The Arabian Gulf area offers many opportunities for Slovak businesses to export their products and technologies, Sheikh Khalifa Ahmed Khalifa Al Mannai, a representative of the Bahrain Chamber of Commerce and Industry, said after the Slovak-Arabic export forum at the Economy Ministry on November 11.

The Arabian Gulf area offers many opportunities for Slovak businesses to export their products and technologies, Sheikh Khalifa Ahmed Khalifa Al Mannai, a representative of the Bahrain Chamber of Commerce and Industry, said after the Slovak-Arabic export forum at the Economy Ministry on November 11.

"I came to Slovakia to meet Slovak businessmen face to face and promote the opportunities of our open market," Al Mannai said.

The forum provided Slovak entrepreneurs with basic information about countries in the Arabian Gulf – and Bahrain is the gateway, said Juraj Šumichrast, director of the foreign trade sector of Slovak Investment and Trade Development Agency (SARIO).

"Bilateral negotiations take place at exhibitions and fairs in this area," he said, adding that in January there will be a food fair and an engineering exposition.

SARIO has stated that there are no Slovak companies established in this area, as gaining a contract may sometimes take up to two years.

"Arab clients are attractive, because they have money and aren't too spoilt. By the time they make a decision and look into the calculations, the whole world has shown up and Slovak marketing sometimes fails," Šumichrast said.

Štefan Veselovský, Deputy General Manager of Eximbanka, said that the bank was prepared to support Slovak entreprenuers, who he believes should focus on the Arabian Gulf market – Bahrain, Saudi Arabia, Qatar, United Arab Emirates, Kuwait – in order to stave off the impact of the financial crisis. 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.

Top stories

Sentenced!

It is definitely good news that at least one emblematic scandal did not end in vain.

Minister Igor Štefanov was sacked over a scandal.

British PM: We are not treating EU nationals as bargaining chips

Open letter of Theresa May to EU citizens in the UK.

Theresa May

Do you want a Sagan for your Lego collection? Photo

The post is very popular on Facebook.

Peter Sagan

Why did we have to wait ten years for the verdict in the bulletin-board case?

The case is still not concluded. The Supreme Court will have to deal with the appeal of ex-ministers; the case of embezzlement by the non-licensed banking institution of Jozef Majský has also become protracted.

Ex-minister Janušek, sentenced October 18.