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Ministry: Crisis Had No Impact on Good Conditions for Investing in Slovakia
Wednesday 19 May 2010 Zoom in | Print page
Bratislava, May 19 (TASR) - The economic crisis hasn't had an adverse effect on good conditions for investing in Slovakia, states a report drafted by the Economy Ministry and discussed by the Government at its session on Wednesday.
'According to the results of a survey by the European Commission in September 2009, Slovakia was the only EU country in which only 1 percent of foreign investors claimed to be planning to leave the country at the time that the negative effects of the global economic crisis kicked in,' reads the report, noting that the figure stood at around 5 percent in other EU-member countries.
In addition, the ministry report ranks Slovakia among EU members that have best withstood the repercussions of the crisis. In its Spring 2010 report, a Brussels-based association of industries and employers called BusinessEurope put Slovakia among such strong economies as the Scandinavian countries, Germany and Holland.
According to predictions by the European Commission for 2010, the Slovak economy should grow the fastest in the EU (at 2.7 percent of GDP, neck-and-neck with Poland's). A prognosis for 2011 is even more optimistic, with Slovak GDP expected to go up by 3.6 percent, right behind Estonia with predicted growth of 3.8 percent.
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