Slovakia not attractive for high value added investors

The government has already approved €391m in investment incentives, primarily for manufacturing. Slovakia continues to lack competitiveness for high value-added investment. The largest projects are led by Xinquan Automotive Trim, Technogym and De Jong. Only two of 25 supported projects involve technology centers (Haleon and Hyundai Wia), accounting for 2% of total incentives. Over the past two decades, the figure was 4%, indicating a downward trend. Low public investment in education and R&D and the industry-heavy structure of the Slovak economy are cited as reasons.

(sme.sk)