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SLOVAKIA


 

 

In-depth Business Intelligence

Key Economic Data 
 
  2003 2002 2001 Ranking(2003)
GDP
Millions of US $ 31,868 23,700 20,500 59
         
GNI per capita
 US $ 4,920 3,950 3,760 73
Ranking is given out of 208 nations - (data from the World Bank)

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REPUBLICAN REFERENCE

Area (sq.km) 
48,845

Population
5,423,567 

Capital 
Bratislava 

Currency 
Koruna 

President 
Ivan Gasparovic

Private sector 
% of GDP
60%


 
Update No: 103 - (28/11/05)

Dzurinda the brave 
Prime Minister Mikulas Dzurinda of Slovakia is becoming a major figure on the European stage, whereas his predecessor, Vladimir Meciar, was deemed a bogeyman and a dictator, although he accepted the verdict of the electorate in 1998 and duly left office.
Dzurinda has been widely admired in European chancelleries and in Brussels, and indeed in Washington, for unflinchingly continuing on an unpopular reform course. The largest party in parliament is that of the arch nationalists led by Meciar, while Dzurinda heads a fragile coalition that has several times threatened to break up. 
In opinion polls, Meciar no longer has the force his Movement for a Democratic Slovakia (HZDS) was in its prime, having been eclipsed by another arch-nationalist opposition party, SMER.
What keeps the ruling coalition together is precisely the memories of Meciar and the threat of arch-nationalists returning. That threat also gives his coalition forces the edge at election time. 

Dzurinda wants cabinet to continue
Dzurinda wants the cabinet to continue with the same parties after the next parliamentary elections. 
On the occasion of the fifth anniversary since the founding of his Slovak Democratic and Christian Union (SDK), Dzurinda also said that a potential government dominated by the opposition Smer is a serious threat. He said that a Smer government would bring populism, social demagoguery, and erosion of reforms to Slovakia. 
The PM wants to continue to cooperate with his current partners, the Hungarian Coalition Party and the Christian Democratic Movement, after the 2006 elections. 
According to the PM the SDK has become the main guarantor of changes for the better in Slovakia because it promotes a liberal economy and free civic society.

Survey: Smer would win elections
IF parliamentary elections were to have been held in late October, victory would have gone to the main opposition party Smer, according to an opinion poll conducted by the MVK agency. 
Smer gained support from 30 per cent of the respondents followed by opposition party Movement for a Democratic Slovakia (HZDS), led by Meciar, with 12.7 per cent of votes. 
The ruling Hungarian Coalition Party was supported by 10.6 per cent of respondents while the Slovak National Party got 8.7 per cent support, followed by the ruling Christian-Democratic Movement with 8.5 per cent. 
The Communist Party would get 8 per cent and the Free Forum 7 per cent. 
The prime minister's Slovak Democratic and Christian Union would be the parliamentary party with the lowest number of seats, with just 6.3 per cent of the votes. That Dzurinda is prime minister and has a good chance of remaining so is a testimony to his political talents.

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ENERGY

France interested in Slovak heating sector

France wants to take part in the privatisation of six heating utility facilities in Bratislava, Trnava, Zilina, Zvolen, Martin and Kosice. French Minister of Foreign Affairs, Phillippe Douste-Blazy, confirmed the information after talks with his Slovak counterpart, Eduard Kukan, recently, the SME daily reported.
Currently, France is the second biggest foreign investor in Slovakia and it wants to keep developing its investments in the country, French Minister for European Affairs, Catherine Colonna, told journalists. "We want to extend the cooperation in the field of municipal heating, where the company Dalkia is quite successful already. Two French companies - EDF and Areva - have been competing to get the opportunity to invest in the power industry. Other French firms are interested in the protection of EU orders and in equipping Bratislava airport with a camera system," the French minister said.

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FOREIGN INVESTMENT

Investors to crate jobs in Nitra city

Four investors that have already signed an agreement with the City of Nitra on plans to build plants in the city's Sever (north) industrial park are set to create approximately 1,500 jobs, the TASR News Agency reported.
An American supplier of car components, Visteon, planned to launch a trial run at its newly built facility by the end of November. The city has also signed an agreement with Danish company Carnitech/Marel, which has set a target of the summer of 2006 to build a plant for processing rust-resistant materials for the food industry. Keller (Austria/Germany), a company that operates in the field of engineering production for car industry, will also locate its plant in the Sever industrial park. According to Nitra mayor Ferdinancd Vitek, German company Giesecke Devrient is expected to sign an agreement to produce ATM cards in Nitra in the near future.

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