Significant investments amount to €2.4 billion

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

Illustrative stock photoIllustrative 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.

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.

Theme: Industry


Top stories

After historical sights in Slovakia have burned, is there better fire protection?

Kunerad Castle in the Žilina Region has burned down twice in eight years, and Krásna Hôrka is still undergoing construction seven years after burning.

Krásna Hôrka Castle caught fire in March 2012.

Fico mirrors stability, but Smer is considering a new election leader

Pellegrini could be Smer's number one in the 2020 parliamentary elections. Some Smer MEPs want a new party leader.

Former PM Robert Fico (left) and his successor Peter Pellegrini (right).

Slovak producers can export dairy products to China

The Chinese market could help boost Slovakia's crumbling dairy industry.

Slovak producers will export milk and dairies to China after the agreement was signed during the summit in Croatia.

Ex-police head Gašpar reportedly knew about Italian mafia cell in Slovakia

The information appears in Europol report, Italian TV channel reported.

Tibor Gašpar