FOR the third year in a row, Slovakia's economic growth was the strongest of all the Visegrad 4 (V4) states.
The country's gross domestic product grew by 5.5 percent in 2004, while neighbouring Poland recorded 5.4 percent and Hungary and the Czech Republic 4 percent.
According to the Hospodárske noviny business daily, economic growth in Slovaka is the fastest in the last seven years.
The economic growth was supported by a 3.5 percent growth in domestic consumption. The growth was also reflected in higher wages as real wages grew by 2.5 percent in 2004 and the average Slovak wage reached Sk15,825 (€420).
Companies in Slovakia also enjoyed the booming economy. According to the Slovak Statistics Office, non-financial sector companies registered a 24.3 percent profit growth on 2003.
Compiled by Martina Jurinová from press reports
TheSlovak Spectator cannot vouch for the accuracy of the informationpresented in its Flash News postings.
