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| British investors are coming to Slovakia, regardless of Brexit |
| Bratislava, 19.08.2017 |
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| The last 15 years of investments in Slovakia have covered sectors producing rubber and plastic products, metal products and motor vehicles.
More than a year has passed since the referendum on the United Kingdom’s exit from the European Union, yet no one can be sure of its impacts. Due to uncertainty, British entrepreneurs in Slovakia and Slovaks in the UK today need to prepare for potential risks.
Though citizens of both countries may return to their homelands when the actual separation occurs, entire companies that depend on profits from operations will be rather limited in their activities and development. Some manufacturing companies with sales on the European continent will give preference to their continental sites, according to Peter Kremský, executive director of the Business Alliance of Slovakia (PAS).
“Some shared business service companies, mainly those offering services to banks and financial institutions, will move part of their activities to less expensive locations in the euro area,” Kremský told The Slovak Spectator.
Slovak cities with shared service centres, like Bratislava and Košice, may reap the benefits of such a development, Kremský said.
Since 2002 the state-run Slovak Investment and Trade Development Agency (SARIO) has helped bring a total of 21 British investment projects to Slovakia at a value of €1.484 billion, generating 3,949 jobs. Today the business service company Dun&Bradstreet records 405 companies in the country with a parent company in the UK.
Biggest construction in Nitra
Investments over the last 15 years in Slovakia have gone to sectors producing rubber and plastic products, metal products and motor vehicles.
The statistics include the €1.4 billion investment by the British carmaker Jaguar Land Rover (JLR) that is, despite the Brexit referendum, currently building a new plant near Nitra with an expected start of operation in autumn 2018.
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Address : Euro-Brew Ltd., Hlboká 22, 917 01 Trnava, Slovakia
Tel. : +421 33 53 418 53, Fax : +421 33 53 418 52, E-mail : info@eurobrew.sk |
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