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Foreign direct investment in Slovakia highest in three years

15. December, 2011

The volume of foreign direct investment in Slovakia this year is the highest in the past three years.

The state investment agency Sario negotiated 26 investment projects worth 518 million euros ($673 million) this year, compared with 8 projects in 2010 valued at 123 million euros.

These projects will create over 4000 jobs and are expected to boost the export capacity of Slovakia and drive economic growth.

One of the biggest projects  is a plan by Honeywell International Inc. (HON) to build a 38 million-euro turbocharger plant creating more than 400 jobs.