Posted by on 24 Aug 2010. Filed under Business, Top news. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

Investor boom in Slovakia could be over

Former Delphi plant - Senica

The boom that Slovakia enjoyed with the influx of direct foreign investment is now starting to wane, with the country dropping from 2nd spot as the most attractive country in Central and Eastern Europe to fourth now.

A recent survey conducted by the German Chamber of Commerce and Industry has shown that the Czech Republic, Poland and Slovenia have all now overtaken Slovakia. Investors from Germany are most aggrieved about non-transparent public tenders, inflexible labour law and rising salaries.

Many investors are now moving out of Slovakia, seeking more ‘fertile’ grounds with cheaper labour forces, such as cable-harness producer Delphi, which recently moved its plant from Senica to Romania. Other examples include U.S. corporation Kimberly-Clark, which shut down its operation in Piestany to open it again in China, and Canadian company Hot Spas Europe, which is already playing with the idea of shipping out to India.

1 Comment for “Investor boom in Slovakia could be over”

  1. [...] Investor boom in Slovakia could be over | TheDaily.sk Submitted by admin on Tuesday, 24 August 2010No Comment The boom that Slovakia enjoyed with the influx of direct foreign investment is now starting to wane, with the country dropping from 2nd spot as the most attractive country in Central and Eastern Europe to fourth now. … See original here:  Investor boom in Slovakia could be over | TheDaily.sk [...]

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