Slovakia Auto Industry Drawing FDI despite Recession
Transportation News and Press release service

Home > Transportation News
  • Aerospace News
  • Air Services News
  • Airlines News
  • Auto Dealership
  • Auto Manufacturers
  • Auto Parts News
  • Railroad News
  • Shipping News

    Watch Transportation News Video


  • Slovakia Auto Industry Drawing FDI despite Recession

    (EMAILWIRE.COM, February 20, 2009 ) New Delhi, India - Slovakia, the newest member of euro zone, is expected to see slowdown much faster than previously predicted in the current year, as per the latest statistics by the Organisation for Economic Cooperation and Development. Although the growth prospects are bleak, the country will manage to register 2% growth and safely avoid the recession hitting its contemporaries.

    The main reason for low impact of recession on Slovakia is the adoption of euro in January 2009 that partially sheltered the country from disturbances in the currency markets, said said a senior research analyst at RNCOS. However, the country still has to take a number of initiatives, including raising flexibility in its labor and product markets, reforms in housing policies and improvement in fiscal policy, to avoid boom-bust scenario.

    Analyst added that Slovakia succeeded in protecting its banks from the financial market meltdown due to their limited exposure to toxic assets. But the economy that relies heavily on exports like cars is expected to be hit by weak demand for such goods in the Western countries. As the automotive sector constitutes one of the key economic pillars of Slovakia, its expansion helped the GDP to rise to an EU high of 10.4% in 2007.

    A new research report by RNCOS, “Slovakia Automobile Sector Analysis” also states that Slovakia has emerged as an attractive location for automotive industry in past few years that has led to heavy flow of FDI in the country, particularly in automotive sector. Slovakia has an edge in saving cost that helped its automobile production to grow immensely.

    Analyzing all these benefits, RNCOS analyst said that Slovakia is a low cost production center in comparison to developed countries such as Japan, Germany and the US during recession. Low cost production makes Slovakia more attractive to players to set up their manufacturing utilities.

    “Slovakia Automobile Sector Analysis” provides detailed information on growth drivers, challenges and future prospects for the automotive industry in Slovakia. The report also gives comprehensive overview on various segments of the industry, including turnover, production, export, investment, sales and predicts the future direction of the industry. It provides forecast on automobile registration, employment in automobile industry and new passenger car sales by country.

    For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM132.htm

    Check DISCOUNTED REPORTS on http://www.rncos.com

    About RNCOS:

    RNCOS, incorporated in the year 2002, is an industry research firm. We are a team of industry experts who analyze data collected from credible sources. We provide industry insights and analysis that helps corporations to take timely and accurate business decision in today's globally competitive environment.

    RNCOS
    Shushmul Maheshwari
    91-11-4214-1229
    publisher@rncos.com

    Source: EmailWire.com

    Transportation Resources

    For unlimited press release distribution for $99 per month, call (281) 645-4086 or start posting your press releases online at EmailWire.com.
    Copyright 2007 GroupWeb Media LLC
    GroupWeb Media Network

    Aviation-NewsWire | ArtNewsWire | Auction NewsWire | CRM NewsWire | ePhotoNewsWire | Energy Industry | EstateNewsWire | Entertainment-NewsWire.com | Food Beverage News | Glamour NewsWire | Health NewsWire | Hosting NewsWire | i-Auto NewsWire | i-Business News | i-Homeland Security.Com | iMac-NewsWire.Com | i-Press-Release-Service | i-SoftwareNews.com | iT-NewsWire.Com
    | i-TravelNewsWire.Com | MoneyNewsWire.Net | Movie-Stars-News.Com | MSNewsWire.Net | PharmaNewsWire.Com | Publishing-NewsWire.Com | RSSNewsWire.Net | Telecom-NewsWire.Net | Transportation-News.Com | USGovernment-News.Com | WebPosters.Net | Wireless-NewsWire.Com | VoIPNewsWire.Net | XSportsWorld.Net
    EuropeNewswire.net - Newswire and Press Release service of GroupWeb Media LLC