Spectator on facebook

Spectator on facebook

Significant investments amount to €2.4 billion

The most active investment sectors included automotive, chemical and petrochemical industries and telecommunications.

Illustrative stock photo(Source: Sme)

Altogether 70 industrial and commercial companies carried out significant investments in Slovakia, amounting to €2.4 billion last year, which is more than a year before. The firms invested mostly into extending their production capacity and making it more efficient, as well as into new products and new manufacturing processes.

This stems from a current analysis of the consulting company KPMG Slovensko, the TASR newswire reported.

The company surveyed firms with turnover higher than €10 million or capital expenditures higher than €10 million. This was the case of 1,046 companies last year whose investments totalled €3.7 billion. The average amount of each investment was €3.5 billion.

The selected companies did not include companies owned by the state or companies active in the real estate and energy sectors, TASR wrote.

The significant investments, according to KPMG, exceed €10 million on average. The analysis of available financial statements of Slovak companies suggests that the number of companies which carried out investments exceeding this level last year increased by 10 to a total of 70. Fifty-five of them had turnover higher than €10 million, while the remaining 15 had lower turnover.

The significant investments carried out by all 70 surveyed firms amounted to €2.4 billion last year, which represents 65 percent of the total investments. The average amount of investment per company amounted to €34 million.

About 40 percent of all investments were carried out by six companies that invested more than €100 million.

The most active investment sectors included automotive, chemical and petrochemical industries and telecommunications. Also companies active in metallurgy, pharmaceutical sector and furniture construction reported good results, TASR wrote.

The analysis also showed that most of the companies invested into extending their production capacities.

Topic: Industry


Top stories

EU roaming fees to end on June 15 – in theory

Slovak customers still waiting to find out how mobile operators will implement change.

Archaeologist pieces together early history of what is now western Slovakia Photo

For an archaeologist, the most important thing is his most recent rare discovery, says Július Vavák.

Students visited Svätý Jur as part of their European Wanderer project

How to sell Slovak books to English readers

Slovak literature makes it to the big bookstores of London, but it is unlikely to become a bestseller yet.

On Wednesday, Slovak literature will be presented in one of the biggest bookstores in London. Among the new books translated into English is also the anthology of current Slovak prose selected and translated by Magdalena Mullek and Júlia Sherwood.

General Prosecutor filed a motion for the dissolution of ĽSNS

The Slovak Supreme Court received a motion to dissolve the extreme right ĽSNS party founded and led by Marian Kotleba.

Jaromír Čižnár