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BUSINESS IN SHORT

Car production rose in 2013

A TOTAL of 987,718 cars were produced in Slovakia last year, up by 6.6 percent compared to 2012. The number of cars produced per 1,000 inhabitants in Slovakia stood at 182 in 2013.

A TOTAL of 987,718 cars were produced in Slovakia last year, up by 6.6 percent compared to 2012. The number of cars produced per 1,000 inhabitants in Slovakia stood at 182 in 2013.

“We are still the largest automobile manufacturer [per capita] in the world,” Jaroslav Holeček, head of Slovak Automotive Industry Association (ZAP), told the press on April 30, as quoted by the TASR newswire.

ZAP does not expect a further increase in production this year. Overall, more than 900,000 vehicles should be produced.

The association also noted a growing trend in sales of new cars, with the number of registrations in the first quarter of 2014 surpassing the figures for the same period last year. The number of cars owned per 1,000 inhabitants stood at 348 vehicles last year, which represents an increase of more than 7.4 percent compared to 2012, as reported by TASR.

ZAP data shows that companies operating in the automotive industry produce 26 percent of Slovak exports, thus contributing €4.5 billion to Slovakia’s positive budget balance.

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