East Slovakia braces for new investments
A large US investor could generate up to 600 jobs in East Slovakia, announced economy minister Juraj Miskov. The investor is still deciding between Poland and Slovakia, with the investor expected to make its final decision before the end of the year.
The investment should concern a higher added value sector, and if Slovakia is selected, the company should start recruiting in the autumn of 2011 already. So far the investor is looking at placing its investment near Presov, hoping to utilise the talent from the Technical University in Kosice.
At the Kosice Invest 2010 conference yesterday, chief analyst with Volksbank Slovensko, Vladimir Vano, noted that Kosice, Presov and the whole of East Slovakia offer the best conditions for investors in terms of the whole EU and the eurozone.
“The qualified workforce in the over-saturated investment region of West Slovakia has already been depleted,” Vano said, adding that the Presov and Kosice regions are unique as they still have a strong base of qualified workers available. He also pointed out that Slovakia has low inflation and accessible bank loans at good interest, making it a prime location for investments.