Survey says one-third of Slovaks will be savers in 2010

One in three people in Slovakia (35 percent) said they are able and willing to save money over the next 12 months, according to a survey carried out in 14 countries in central and eastern Europe released recently by the GfK CEE Group. This ranked Slovakia third after Austria (43 percent) and Slovenia (38 percent), the TASR newswire reported. The survey also showed that 80 percent of the Slovak population over age 15 have a business connection with a financial institution.

One in three people in Slovakia (35 percent) said they are able and willing to save money over the next 12 months, according to a survey carried out in 14 countries in central and eastern Europe released recently by the GfK CEE Group. This ranked Slovakia third after Austria (43 percent) and Slovenia (38 percent), the TASR newswire reported.

The survey also showed that 80 percent of the Slovak population over age 15 have a business connection with a financial institution.

“There are major differences across the CEE region, however. Slovenia, for example, has 100 percent of its population commercially connected with a financial institution. Next come Slovakia, the Czech Republic, Croatia, Ukraine, Hungary (80 percent plus), and then Bosnia and Herzegovina, Russia and Serbia (more than 70 percent),” said Alexander Žeh, team leader for financial research at GfK CEE Group.

The most widely used bank product in CEE countries in 2009 was a bank account, namely a current account followed by a savings account. GfK concludes that confidence in savings products such as investments in securities dropped last year because of fears over the effects of the global financial crisis.

“The fact is that these days no one in the CEE countries is interested in advanced and riskier saving and investment forms,” said Žeh. 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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