Spectator on facebook

Spectator on facebook

SARIO sealed investments close to €260 million in the first half of 2011

The Slovak Investment and Trade Development Agency (SARIO) sealed investments worth €259.5 million in the first half of 2011, which could give rise to 1,500 new jobs, TASR newswire reported.

The Slovak Investment and Trade Development Agency (SARIO) sealed investments worth €259.5 million in the first half of 2011, which could give rise to 1,500 new jobs, TASR newswire reported.

"We've succeeded in attracting more foreign investments to Slovakia in all indicators," reads SARIO's press release.

In the same period of last year the agency secured eight investments that were valued at €35.22 million and were seen as potentially creating 500 new jobs. The largest volume of investments are heading for the automotive industry, including suppliers of a variety of car components.

"We've been delivering on our objective of having foreign investors view SARIO as a modern and transparent agency that will become an entry point for their investments in Slovakia," said SARIO head Robert Šimončič.

Top stories

Robert Fico has lost the electoral magic he once had Plus

But his party can still bounce back if they do the things that make parties resilient.

Robert Fico claims that Smer won the regional elections because it is the party with the most chairs in regional councils.

New legislation protects creditors from unfair mergers

Fraudulent mergers were a legal business model enabling unfair businesses to get rid of debts

Tightening conditions when merging companies will increase the red tape of lawful mergers and prolong this procedure.

Fifty Shades of Grey: Slovakia's Olympic outfits will not stray from tradition Photo

The official outfit for Slovak athletes at the Pyongyang Olympic Games has been presented; the Slovak Olympic Committee (SOV) is not satisfied.

Olympic outfit of Slovak athletes

Blog: How long until a robot takes your job?

Are robots really taking over? What are the benefits and what are the risks?

Illustrative stock photo