Slovakia 2007

Slovakia 2007

Africa
Yearbook 2007 Slovakia. After last year's economic growth of 7.9 percent, the government feared overheating and rising inflation. Therefore, in March it was decided to write up the value of the Slovak Koruna against the euro by 8.5 percent. According to CountryAAH, Bratislava is the capital city of Slovakia. Economic growth was largely based on foreign investment, especially in the automotive industry. As car manufacturers struck again in Western Europe, they opened new factories in Slovakia. Hyundai, Volkswagen, Peugeot and others was included in the expansion of the automotive industry, which aimed to produce 800,000 cars in 2008, of which 90 percent would be exported. Despite the expansion of industry and the decline in unemployment, in May Slovakia had the highest unemployment rate in the EU of 10.8 percent. According…
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