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Kozub, Michal

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Sme - Slovakia | 26/04/2013

Slovakia too dependent on car industry

The chances of Slovakia winning a contract to become the site of a new BMW factory are not bad at all, the liberal daily Sme reports without any great enthusiasm for the project: "The crisis of 2009 and also this year's crisis have shown how quickly sales can plunge in Europe. … But above all it will take more than just new factory buildings to improve the economy. The factories must be complemented by new development centres and a technological university. The future of our economy depends not on production, but on know-how. Factory buildings can be transferred to China, but it's not so easy to do the same with research jobs. We must focus on producing educated and experienced people who can keep the investors in our country. This must be the long-term core strategy."

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