Slovakia will be the fastest growing economy in the Visegrad Group, according to a forecast from Erste Group in its analysis which sheds light on the economic development of countries in Central and Eastern Europe. It projects that the Slovak economy will grow 3.5 percent; outperforming even the Czech Republic which did better last year. EU funds were among the main driving forces of economic growth in Slovakia last year. Car makers are expected to help cover an upcoming absence of EU funds, as in 2016 a new seven-year programming period starts and the absorption of finances traditionally is slower at the beginning of the period.
Gavin Shoebridge, Photo: SITA
