Slovakia: star of the cee?

Slovakia is poised for a sustained period of strong economic growth in 2009, it has been claimed...

According to Robin Bowman, Editorial Director of Property Secrets, Slovakia is ‘currently one of CEE's golden boys’ and looks ‘poised for a period of strong economic performance’.

Mr Bowman added: “Slovakia’s growth will be helped especially in 2009 after the adoption of the euro. We forecast 6.5% 2008 and it's the the same in 2009. Wage growth is strong, but not inflationary as productivity growth remains high.

“Car manufacturing and ancillary services and manufacturing will remain the country's key economic driver. While these will inevitably be affected by an economic slowdown in key markets, Slovakia will maintain its competitive edge and continue to attract strong investment.

”The property market performed well in 2008 and will perform even more strongly in 2009 following the adoption of the euro. Bratislava looks especially well positioned for growth, benefiting particularly from its low cost and huge tax advantage relative to nearby Vienna".

Source: www.propertysecrets.net