Location Bratislava Slovak Agency for Investment and Trade Development (SARIO) has had a successful 2011. According to SARIO´s statistics the investment volume in comparison with the last year it increased 4-fold and 2-fold increase was observed in the number of new jobs. "The aim of the Ministry of Economy of the SR together with SARIO under new management is for Slovakia to become more business friendly and thanks to quality business environment to turn it into a gateway for all investors. Today's results are a clear indication for us that we are on the right track to hit our target. “Juraj Miskov, the Minister of Economy of the SR said. 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. Most of the completed projects so far are directed towards disadvantaged regions. The regions of Trnava, Prešov, Trenčín, Banská Bystrica and Žilina will receive majority of them. 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. "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 provide them with social security, "said Andrea Gulova, Director of the Division of Foreign Direct Investment of SARIO. 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.
