Slovakia slightly lags behind the Czech Republic in direct foreign invents, according to results of a study carried out by the consulting firm Ernst&Young (EY).
The Economy Ministry points out that according to the study results, Slovakia marginally placed better than the Czech Republic in the number of new jobs, when over 5,500 new jobs were created in the Czech Republic while it was almost 6,300 in Slovakia. “These facts represent the key aspect of foreign investments in Slovakia. Slovakia remains attractive for foreign investors. Renowned analytical companies confirm it. Therefore, the opposition’s allegations on Slovakia being a black whole is misleading, to say the least,” said Economy Minister Tomáš Malatinský. The minister underscored the need to support established companies that have been operating in Slovakia. “A lot of investors keep expanding their capacities in Slovakia reinvesting profit they have earned in Slovakia, or loans from local financial institutions,” added the minister. These investments are not recorded in statistics on new investments. “Last year, the government supported with investment aiding the expansion of several companies operating in Slovakia. Just these investments were worth more than €300 million and created over two thousand new jobs,” Malatinský added.
