BUSINESS IN SHORT

PM presents Slovakia to Wall Street

SLOVAKIA’s attractiveness as a destination for foreign investment was the topic of talks between Slovak Prime Minister Iveta Radičová and US financiers in New York City on November 9.

SLOVAKIA’s attractiveness as a destination for foreign investment was the topic of talks between Slovak Prime Minister Iveta Radičová and US financiers in New York City on November 9.

Nearly 20 representatives of the financial and business community, including managers from Morgan Stanley, Honeywell, Elderson Technology Partners, Credit Suisse Securities and Nomura Holding America, were told about the Slovak government's measures to support economic growth and attract foreign investment, the SITA newswire reported.

Radičová portrayed Slovakia as a country with a stable economy and financial system which was continuing to make important economic reforms. She said that her government’s priorities are to improve conditions for doing business, make the labour market more flexible, reform the education system and improve the public finances.

“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 and research and development.

Currently, there are around 120 companies from the US with operations in Slovakia, representing around a quarter of all foreign operations in the country.

Radičová also met with Duncan Niederauer, the CEO of the New York Stock Exchange, to discuss investment opportunities.


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