Slovak GDP could increase by 2.6 percent over next six years

The planned Jaguar Land Rover car plant near Nitra could boost Slovakia's GDP and employment in the years to come, Slovak National Bank (NBS) governor Jozef Makúch said on Tuesday. "An indicative calculation shows that the long-term GDP could increase by 2.6 percent up until 2021, and some 17,000 jobs could be added to the economy, including supplier companies and related services", said Makúch in reference to the plant, which is not finalised but in the final planning stages. He was speaking upon unveiling NBS's mid-term economic forecast for 2015-17. According to Makúch, the new car plant is expected to have an effect on the economy initially by bringing fresh investments in construction and technology and, at a later stage, in the form of the production and export of vehicles.