Slovakia seen as European Detroit by industry experts

Wednesday 03.12.2008
Over the course of the past four years, the tiny Slovak Republic has turned into Europe’s Detroit, according to analysts who are impressed by this Eastern European country’s hugely successful... read article »

Slovakia expects solid economic growth

Wednesday 03.12.2008
While the impressive growth that has characterized the Slovak Republic’s economy will almost certainly slow down, due to the global economic crisis, this small Central European country’s fiscal... read article »

Slovak National Bank remains optimistic

Wednesday 19.11.2008
While much of the world has little reason for optimism during highly difficult economic times, the head of Slovakia’s central bank still has a smile on his face, and the fact that this East... read article »

Slovak economy continues to shine

Thursday 13.11.2008
Slovakia’s economy continues to shine at a time when much of Western Europe finds itself in the midst of what appears to be a global recession.... read article »

Slovakia, Poland and Czech Republic lead economic growth

Tuesday 04.11.2008
Slovakia, Poland and the Czech Republic are the clear leaders when it comes to economic growth in both the emerging markets of Eastern Europe, and even when compared to much of Western Europe.... read article »

Eastern European economies partly shielded from financial crisis

Monday 20.10.2008
Some of the key emerging economies in Eastern Europe will find themselves at least partially shielded from the most dramatic impact of a global financial and banking crisis, which has wrecked havoc... read article »

Slovakia remains strongest economy in Eastern Europe

Wednesday 15.10.2008
Slovakia remains East/Central Europe’s best performing economy, as nearly all of Western Europe finds itself engulfed in a global financial crisis. Ryszard Petru, a Polish analyst interviewed by the... read article »

UK housing market sees dramatic decline

Monday 06.10.2008
Britain’s housing market seems locked in a dramatic downward spiral, as the value of homes throughout the UK continues to drop significantly.... read article »

Pekny Park C

Wednesday 16.04.2008
Prices in Pekny Park may rise higher than predicted.

Property prices in Trnava and the surrounding districts could rise higher than experts have predicted.

Car makers in the country plan to boost production in 2009 to 640,000 vehicles. Slovakia now produces more cars per capita, than any other country in the world. And an increase in output will require a massive drive to recruit skills an labour to meet output targets.

However, Peugeot and the other two car makers will need to look beyond Slovakia to fill the vacancies. One suggestion is to relax immigration rules to allow not only workers from Bulgaria and Romania, but also from Vietnam and the Ukraine.

The obvious impact of this will be higher property prices in Trnava and other cities where cars are made.

However, the news could prompt developers to take advantage of this situation, pricing their apartments and houses higher than previously planned  - as competition amongst buyers intensifies.