Spectator on facebook

Spectator on facebook

Foreign investors express optimism about Slovak economy

Foreign investors operating in Slovakia believe the economic crisis is ending and expect their businesses to flourish in the coming months, according to an economic sentiment survey conducted among 166 investors from other European countries undertaken by seven foreign chambers of commerce in February and March 2011. The Slovak-German Chamber of Commerce noted, however, that respondents said Slovakia must still resolve several problems which could be obstacles to further investment.

Foreign investors operating in Slovakia believe the economic crisis is ending and expect their businesses to flourish in the coming months, according to an economic sentiment survey conducted among 166 investors from other European countries undertaken by seven foreign chambers of commerce in February and March 2011. The Slovak-German Chamber of Commerce noted, however, that respondents said Slovakia must still resolve several problems which could be obstacles to further investment.

While less than 30 percent of the surveyed investors regard the current economic situation as good, almost two thirds of them expect the economic environment to improve significantly over the course of 2011. Nearly 39 percent of the surveyed businesses said they will be looking to hire more employees this year.

“We are optimists now too, since movement has returned to the Slovak economy,” said Vladimír Slezák, the general director of the Bratislava-based branch of Siemens. The surveyed investors see Slovakia’s EU membership, its relatively low-cost labour force, and its tax system as strong positives and said they still perceive the country as the most attractive investment destination in central and eastern Europe. As many as 83 percent of the investors said they would invest in Slovakia again if they had to make that decision. The respondents added that problems with corruption, law enforcement and a lack of school graduates in technical fields remain negative factors when considering Slovakia as an investment destination.

Source: Slovak-German Chamber of Commerce

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

Crematorium in Bratislava is an architectural revelation Photo

Those who have experienced farewells in other crematoria know what makes it special. Now the best work by the architect Ferdinand Milučký is getting a monograph

Crematorium in Bratislava by architect Ferdinand Milučký

What kind of expectations do some Slovaks have for world leaders?

Among EU member states, opinions of the United States declined in all but two — Poland (which makes some sense) and Slovakia (which does not).

Donald Trump

Crates and boxes. Slovaks discover new ways of grocery shopping

Farmer’s boxes are gaining customers in Slovakia as people slowly become more conscious about quality and the origin of the food they eat.

Foreigners: Top 10 events in Bratislava Video

Tips for the top 10 events in the capital between January 19 and January 28, plus regular services in different languages, training, temporary exhibitions and highlights of the year.

Scandi 4