Slovakia Property Investment News

Slovakia sees rising levels of foreign direct investment

Slovakia’s investment co-ordination agency, SARIO, has described how the country’s current government is sending out positive messages to potential investors in Slovakia which is directly increasing levels of foreign direct investment (FDI).

"As a priority when deciding whether to put their investments in Slovakia, they [potential investors] examine the country's political stability," the head of SARIO, Peter Hajas, told journalists this week. "In fact, I find the steps taken by the Government to be a positive message for FDI influx," added Hajas. He went on to note the fact that FDI has seen significant growth so far this year, compared to last year’s figures.

SARIO secured an influx of FDI amounting to €1,062 billion during the first nine months of 2007 alone. The influx of FDI for 2006 in total was only €607 million. The agency co-ordinated and participated in 48 investment projects during those nine months to generate this level of FDI. The projects spanned many industries, included multiple real estate investment projects, and created over 11,000 new jobs.

The aim of SARIO is to help accelerate Slovakia’s economic growth in order both to improve the quality of life in the country and to attract FDI. The agency is also responsible for the administration of the structural funds of the EU.

Any investor considering an investment property in Slovakia will be interested to note that the country is becoming a more attractive option thanks to a new era of stability and investment-friendly policies.