FIX UNSUITABLE HEADLINE: With the big boysSlovakia

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fDi Editor | 01/10/2002 12:00 am

Slovakia is set to join the EU in 2004, officially recognising its increased GDP, controlled inflation and growth in FDI levels.

Slovakia has recently “made the grade” and will be accepted into the European Union at the beginning of 2004 along with the other accession countries. Often considered the poor cousin of the Czech Republic, it is coming into its own as an investment destination. The GDP growth rate is higher at 3.4% (first half 2002) than another neighbour, Hungary, and inflation has been pushed down to 3% from 7% last year. There has been impressive growth in FDI levels due to an improved business environment. Inflows amounted to $2.1bn in 2000 from $354m in 1999.

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