BUSINESS IN SHORT

New millionaires in Slovakia

IN SPITE of the economic crisis, the number of Slovak millionaires increased moderately last year. According to the 14th World Wealth Report 2010, published by companies Capgemini and Merrill Lynch, 770 Slovaks now show wealth that exceeds $1 million.

IN SPITE of the economic crisis, the number of Slovak millionaires increased moderately last year. According to the 14th World Wealth Report 2010, published by companies Capgemini and Merrill Lynch, 770 Slovaks now show wealth that exceeds $1 million.

The crisis did not change the number of Slovak millionaires significantly in 2009. Their number increased by 0.9 percent, lagging behind the global growth of millionaires which was reported to be 17.1 percent.

“The fact that we are not reaching world-wide growth figures is caused especially by the weaker economic indicators of Slovakia in 2009, specifically by the drop in real estates, the decline in GDP, and lower market capitalization, but especially by a significant drop in exports compared with 2008,” said Karol Reindl, CEO of Capgemini Slovensko.

Compared with other countries of the Visegrad Group, Slovakia has the lowest number of millionaires. The Czech Republic leads the ranking with 12,600 millionaires, but it was the only V4 country that reported a decline last year of 1.7 percent. The number of millionaires in Hungary jumped by 15.4 percent to 9,600 and in Poland their numbers increased by 13.8 percent to 8,800.

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