Slovakia Autos Report Q3 2012 - New Market Report Now Available
With the Slovakian parliament voting in favour of new austerity measures in mid-May 2012 under the administration of newly elected Prime Minister Robert Fico, the second half of 2012 could prove tough for the country's auto industry. The move, intended to reduce the Slovak budget deficit from 4.8% to 3% of GDP by 2013, is expected to produce savings of EUR1.5bn (US$1.9bn) and see tax increases on banks, high earning companies and the wealthy. These will include a financial transaction...
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