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Economy Minister Miškov meets with US Ambassador to Slovakia

US Ambassador to Slovakia Theodore Sedgwick and Slovak Economy Minister Juraj Miškov met on May 17 to discuss the mood of US investors in Slovakia, with Sedgwick saying that US companies in Slovakia are satisfied with quality of the local business environment, the SITA newswire reported.

US Ambassador to Slovakia Theodore Sedgwick and Slovak Economy Minister Juraj Miškov met on May 17 to discuss the mood of US investors in Slovakia, with Sedgwick saying that US companies in Slovakia are satisfied with quality of the local business environment, the SITA newswire reported.

"We would be happy to see many more US firms in Slovakia. We are convinced that your country has potential for further investments," Sedgwick told the Slovak minister, as quoted by SITA.

Miškov stated that bilateral cooperation continues to develop and that Slovakia would gladly welcome more investors from the United States. Slovakia is primarily interested in fields were its activities have been excellent so far, for instance the automotive and electro-technical industries, electronics, IT, energy and services.

Presently there are over 120 US companies operating in Slovakia and approximately a quarter of them are large investors. In 2008-2009 mutual trade between the two countries shrank by 35 percent and Miškov ascribes this downturn particularly to sinking Slovak exports to the United States. Last year, trade improved and Slovakia's exports jumped 58 percent, thanks to exports of cars, which jumped by 63 percent.

Source: SITA

Compiled by Zuzana Vilikovská from press reports
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