Slovakia’s attractiveness as a destination for foreign investment was the topic of negotiations between Slovak Prime Minister Iveta Radičová and US entrepreneurs in New York on Tuesday, November 9. Almost 20 representatives of the American investment and financial community, including managers from Morgan Stanley, Honeywell, Elderson Technology Partners, Credit Suisse Securities and Nomura Holding America, were informed about the government's measures to support economic growth and attract foreign investment to the country.
Radičová portrayed Slovakia as a country with a stable economy and financial system which was continuing with important economic reforms. She said that her government’s priorities are to improve the conditions for doing business, make the labour market more flexible, reform the education system and improve the public finances. Radičová also described a proposal to pass a so-called “budget constitution”. This would introduce spending limits as well as limits on public debt.
“Slovakia is and will be a good place to do business, open to all investors with added value,” Radičová said, as quoted by the TASR newswire, adding that Slovakia is particularly interested in investments in modern technology, research and development. Currently, there are around 120 American investors in Slovakia, representing around a quarter of all foreign investors in the country.
While in New York, Radičová also received a Woman of the Year award from the US magazine Glamour. She received the award as one of 18 female world leaders, the SITA newswire wrote. In New York, Radičová met Glamour’s editor-in-chief Cindy Leive and had lunch with Lithuanian President Dalia Grybauskaite, a fellow recipient. Radičová also met Duncan L. Niederauer, the CEO of the New York Stock Exchange, to discuss investment opportunities in Slovakia.
Sources: TASR, SITA
Compiled by Zuzana Vilikovská from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.
10. Nov 2010 at 10:00