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Slovakia Wins Investment Projects Worth 466 Million Euros

Jan. 4 (Bloomberg) -- Slovakia last year won investment projects worth 466 million euros ($606 million), said Sario, the government agency for promoting foreign investment.

The 18 projects completed in 2012 are set to create 3,228 jobs, the Bratislava, Slovakia-based agency said in an e-mailed statement today. An additional 14 projects representing about 800 million euros in investment and 5,000 jobs have yet to be reviewed by the government, Sario said.

The eastern euro-area member relies on foreign investment to export-driven industries to maintain growth, which has been slowing due to the sovereign-debt crisis in the region. Most of the projects are related to car and electronics industries such as an expansion of activities by Continental AG, Germany’s auto-part maker, Sario said.

To contact the reporter on this story: Radoslav Tomek in Bratislava at rtomek@bloomberg.net

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net

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