Location Bratislava Slovak Investment and Trade Development Agency (SARIO) is reaching its target – to place incoming foreign investments to regions with high unemployment rate. Most of the completed projects so far are directed towards disadvantaged regions. The regions of Presov, Trencin, Banska Bystrica, Zilina and Nitra will receive majority of them. "We are very pleased that we managed to localize projects to the regions with high unemployment rate. Thanks to new foreign investment the inhabitants of these regions will be given the opportunity to find jobs and consequentially it will provide them with social security," said Andrea Gulova, Director of the Division of Foreign Direct Investment of SARIO. In 2011 SARIO managed to conclude projects totaling 517.6 million euro, which have the potential to create 2,634 to 4,353 new jobs. In terms of distribution of the industries the largest volume of investments traditionally goes to the automotive, electrical and metal processing industries. "Thanks to its new strategy SARIO was able to attract to Slovakia more foreign investors than in the last period. I am pleased that this will provide more jobs and help improve the living standards of citizens of Slovakia, "said Robert Simoncic, SARIO CEO. The most important investments in terms of jobs created are the Swedish company Dometic in Filakovo, the U.S. manufacturer Honeywell in Presov, followed by German Behr with investment in automotive business in Namestovo and manufacturer of compressors Secop in Zlate Moravce. Complete list of concluded projects please find HERE SARIO´s aim is to be a modern agency, which will be perceived by foreign investors and domestic partners as a vehicle for growth and innovation. SARIO wants to assist to the development of the Slovak economy in the maximum extent possible by attracting new investment and offering trade support, which shall bring its results in creation of new jobs and ultimately increase the living standards in Slovakia.
