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

Suspicious "rural entrepreneurs" involved with Smer emerge in Nitra

Successful businesspeople from the village of Babindol who have received subsidies from EU funds worth millions have connections to the ruling Smer party.

Competition in goulash cooking Guláš CUP 2015 in Babindol: Police President Tibor Gašpar(L), ex-minister of Agriculture Ľubomír Jahnátek (R) and Labour Minister Ján Richter (2L).

Slovak mixed relay was withdrawn from competition Photo

Paulína Fialková botched the shooting, thus thwarting the hopes of the Slovak Olympic mixed team of biathletes.

L-R Kuzmina and Fialková in the failed Slovak race.

Blog: Government Affairs in Slovakia – how did this profession develop and what is its future?

It is encouraging that more and more companies based in Slovakia are starting to realize that it is also possible to shape EU policies from a small country like Slovakia and use the services of government affairs…

Illustrative stock photo

Slovak ice hockey team goes home Photo

The United States defeated their rivals from Slovakia for the second time, ending their performance at the Olympics.