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Slovakia could be Chinese investors' entry point to eurozone: Slovak minister

Xinhua, November 18, 2015 Adjust font size:

Slovakia could serve for Chinese investors as an entry point to the eurozone, Slovak Economy Minister Vazil Hudak said in an interview with Xinhua.

"Slovakia is only member of the eurozone among V4 (Slovakia, Czech Republic, Poland, Hungary) countries. Euro as a currency represents for investors a certain level of stability and predictable monetary policy," stressed Hudak.

Currently, China is the sixth biggest trade partner for Slovakia. The total trade turnout in 2014 was around 6 billion euros (6.4 billion U.S. dollars), he said.

Slovakia is the biggest per capita car producer in the world with nearly one million vehicles produced yearly. In 2014, plants of VW, Kia and PSA Peugeot Citroen in Slovakia produced 971,000 cars.

According to Hudak, another perspective area of interest for Chinese investors is the energy sector.

"We believe that economic relations with China should be more diversified. Therefore we also need small and medium-size enterprises to be engaged," he said.

The Slovak Economy Minister praised the 16+1 model for cooperation between China and 16 Central and Eastern European countries, including Slovakia.

"The whole region could be interesting for larger infrastructure projects like communication, transport or some energy infrastructure between these countries, meaning gas pipelines. It pushes these countries to work together on important and perspective projects," said Hudak.

According to him, Slovak Prime Minister Robert Fico will join the upcoming 16+1 meeting to be held next week in Suzhou, China.

"The meeting will improve understanding and better communication. We will also be able to table interesting governmental and economic opportunities, which are win-win for China and Slovakia," Hudak added. Enditem