FDI to Slovakia up to EUR 771.2mn in Q1 2012.

By bne IntelliNews July 17, 2012
Foreign direct investment (FDI) inflows to Slovakia have soared to EUR 771.2mn in the first quarter of 2012 from EUR 309.3mn in the same period last year, eTrend reported, quoting data from the countrys central bank. The increased FDI inflow came mainly as a result from higher equity investments. The rise in FDI inflows in Q1 2012 came after a strong FDI growth in 2011. Last year, FDI to Slovakia soared to EUR 1.5bn from EUR 397mn in 2010. The future growth in FDI, however, is endangered by the governments recently announced new consolidation measures, which include an additional tax on regulated entities (banks, telecoms, utilities) and an increase in the corporate tax from 19% to 23%, which will make Slovakia the country with the highest corporate taxes among its central European neighbours (Poland, the Czech Republic and Hungary). Traditionally, the Netherlands, Germany and Austria, accounted for the largest part of FDI to Slovakia in Q1.

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