Spectator on facebook

Spectator on facebook

BUSINESS IN SHORT

Investors sceptical about boom

FOREIGN investors do not expect Slovakia to experience an economic boom this year, according to a survey carried out by the German-Slovak Chamber of Commerce (SNOPK) in February among 196 companies. The results showed that most investors do not evaluate this year’s economic development better than they did last year.

FOREIGN investors do not expect Slovakia to experience an economic boom this year, according to a survey carried out by the German-Slovak Chamber of Commerce (SNOPK) in February among 196 companies. The results showed that most investors do not evaluate this year’s economic development better than they did last year.

Up to 59 percent of companies say the economic situation in Slovakia is satisfactory, while 29 percent of them view it negatively, the TASR newswire reported on March 26.

On the other hand, firms are more optimistic about the expectations for their own businesses for 2014. While more than one half of companies predict their revenues will rise, only 11 percent say their economic situation will worsen. Nearly every fourth company wants to expand its investments and staff, TASR wrote.

Slovakia’s advantage, according to the respondents, is its European Union membership, its productive and low-cost workforce and the availability and quality of local suppliers.

The respondents said that it is necessary to improve law enforcement, the fight against corruption and transparency of public procurements. They also criticised the last three amendments to the law on public procurement, TASR wrote.

The processing of personal data is subject to our Privacy Policy and the Cookie Policy. Before submitting your e-mail address, please make sure to acquaint yourself with these documents.

Top stories

Police investigate protest organisers over Soros allegations

The National Criminal Agency wants to see the accounts of the protest organisers due to a criminal complaint alleging they are paid by George Soros.

All eyes on Humenné: The symbol of Smer's decline

The loss of Smer's Jana Vaľová in the mayoral race has become symbolic of the 2018 municipal vote.

Jana Vaľová

"Pick your own" strawberries in November Photo

There are about three tonnes near Piešťany. They are hard but still sweet.

November strawberries

Tom Odell surprised Slovak band in Bratislava Video

The British artist was wearing a T-shirt, presented to him by the Tolstoys, from start to finish at his Bratislava concert.

Tom Odell