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Slovakia not competitive in automotive

In competitiveness of its automotive sector, Slovakia lags behind other V4 countries, according to a study by ZAP, the local automotive union. It looked at labor costs and innovations. The Slovak automotive sector’s labor productivity has risen 29% since 2010, but labor costs have surged 44%. A quarter of automotive firms in Slovakia planned expansion in 2018, but just 12% last year. As for innovations, 10% of staff in the German automotive sector work in research, but just 1% in Slovakia do. One of the reason is low government spending on science.

Táto správa je z Ekonomiky DNES, denného prehľadu najdôležitejších ekonomických správ zo Slovenska.

This news is from the Slovak Business News TODAY, one-page summary of all the important Slovak business news.

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