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Article: Multinationals Are Storming the Slovak Market.(Slovakia's improving economic and political climate )(International Pages)(Brief Article)(Statistical Data Included)
- Article from:
- AgExporter
- Article date:
- June 1, 2001
CopyrightCOPYRIGHT 2001 U.S. Department of Agriculture. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The economic boom seen in much of Eastern Europe in the 1990s has arrived later in Slovakia than in neighboring countries like the Czech Republic, Hungary and Poland. But arrive it has.
In the past two years, a new kind of revolution has gripped Slovakia. Foreign firms have responded to Slovakia's improving economic and political climate by engaging in an all-out market invasion.
Economic Hurdles
This landlocked country, about twice the size of New Hampshire, has a population of 5.4 million and a labor force of 3.3 million. Unemployment remains high (roughly 20 percent), as does inflation (about 14 percent).
As in many countries, the ...