Foreign Companies in Slovakia - FDI trends

The situation of foreign companies that have made large investments in Slovakia seems to be bad in their home markets.

Nevertheless they see investing Slovakia as part of the way to solve their problems and spokespersons for many of them confirmed the parent companies have expansionary plans in terms of production in Slovakia.

Although car makers will report similar sales as last year after the end of the scrappage scheme, all three foreign parent firms in the car industry: Volkswagen, Kia Motors and Peugeot confirmed they trust in the local market, according to partner KPMG Quentin Crossley. “They see an opportunity for more job openings, sales growth and their overall expansion this year,” claims Mr. Crosley.

Energy concern MOL in control of crude refiner Slovnaft also continues in its investment plans in Slovakia. Telecommunications company Deutsche Telekom expects efficiencies from mergers of fixed and mobile telephony networks it owns in Slovakia.

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