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Historically, FDI inflows have been heavily concentrated in the western regions of the country, which are geographically closer to the rest of Western Europe, Slovakia's main source of FDI. Bratislava alone has historically absorbed 60-70% of total FDI with the industrial regions of Trnava, Kosice and Zilina accounting for much of the remainder. FDI has decreased in 2009 compared to 2008 which was only to be expected but it should be noted that FDI did not stop even though many of the western European countries from which much FDI traditionally comes to Slovakia were going through very tough times.

Slovakia has recently seen many large scale commercial and residential property developments. A large project which commenced construction in 2007 is the Eurovea development by the Ballymore group with the first phase investment totaling EUR 270 million. This development was opened in March/April 2010 and is now looking to expand and complete further phases of development.

Cumulative FDI 30,000

GRAPH 1

mil. EUR

23,151

26,803

27,549

15,000

1,532

1,819

2,262

4,026

5,412

7,172

7,702

9,800

11,018

13,596

0

1)

1997

2)

1998

3)

1999

4)

2000

5)

2001

6)

2002

7)

2003

8)

2004

9)

2005

10)

2006

11)

2007

12)

2008

13)

2009

year

1)

37.938 SKK/EUR (synthetic exchange rate); 2) 43.186 SKK/EUR (synthetic exchange rate)

  • 3)

    42.458 SKK/EUR; 4)43.996 SKK/EUR; 5)42.760 SKK/EUR; 6)41.722 SKK/EUR; 7)41.161 SKK/EUR;

  • 8)

    38.800 SKK/EUR; 9)37.848 SKK/EUR; 10)35.025 SKK/EUR; 11)33.781 SKK/EUR, including equity capital

and reinvested profits; currency in Slovakia

12)30.126, including equity capital and reinvested profits;

13)Euro is the official

Source: The Statistical Yearbook of the Slovak Republic 2006; National Bank of Slovakia

19

©2010 KPMG Slovensko spol. s r.o. , a Slovak limited liability company and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.

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