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Slovakia

Slovenská Sporitel’naRegina Ovesny-Straka, Chairman
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1. What makes your country attractive to investors?

It is located in the heart of central Europe and provides one of the most attractive tax systems in the EU, high-skilled labour at low costs and a liberal labour code.

2. What are the economic prospects for your country over the next three to five years?

The Slovak economy is to maintain a real growth rate above 5%, boosted by recent FDI. Owing to the good shape of public finances, Slovakia is a hot candidate for joining the eurozone by 2009 as the first country from the central and eastern Europe region.

3. How do you foresee the financial sector in your country changing?

If any consolidation in the local banking sector occurs, this decision will be made abroad because local banks are owned by large foreign banks. The level of financial intermediation is growing substantially while maintaining profitability at high levels.

4. What role will your bank play in your country’s future development?

We will continue to help people take responsibility for their lives, for improvement of their living standards. We will support profitable business initiatives in the corporate segment and, as a bank with the highest share of assets under management, we will have considerable influence on efficient capital allocation in the economy.

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Read more about:  Central & Eastern Europe , Slovakia