The value of public investment projects grew last year

Calls for public investment projects reached more than €7 billion between January and November last year, according to an analysis done by the company CEEC Research. This represents a 15.1 percent increase year-on-year. However, the total number of public orders has fallen by almost 17 percent in the same period. Out of a planned €7 billion to be invested almost 5 billion still has not been spent. According to Miroslav Beka, Director of construction company HOCHTIEF CZ, "The decision to build industrial parks such as those in the towns of Nitra and Prievidza is a signal that Slovakia can expect dynamic activity in construction works. The nationwide programme for the thermal insulation of blocks of flats offers new opportunities too". There is no significant year-on-year change in the number of finished orders but their total volume of investment fell by more than 30 percent. "I find it very important that the number of tenders does not fall, but their volume should develop similarly. A drop of one third can slow down the growth of the economy", added Mário Červenka, Director of the real estate development firm O.M.C Invest.