In Eastern Europe, begins a new industrial revolution

In the wheat fields of Slovakia gathering momentum output of industry in Western Europe.

Outside the medieval town of Trnava, as far as the eye could see, stretched a forest of concrete pillars. Hundreds of trucks, picking up dust, scurry back and forth, and soar into the sky cranes.

Two years later, this huge building site will be factory "Peugeot", to produce annually 300 thousand cars to be exported to Western Europe and other countries. Its surround factories suppliers, and in the region, which already boasts the factory Sony, producing a plasma TV, you will be around 10 thousand new jobs.

Milan Yankura, director of Invest Trnava, which helped bring the French avtopromyshlennikov, promising them free land, be happy: "People are totally supported this project, they understand that they will work. The mood is very positive."

Slovakia is one of the poorest members of the European Union, where she had come on Saturday, but today it was christened "European Detroit." Here is a factory Volkswagen, annually producing 250 thousand cars, and in March of Slovakia won the tender in Poland and Hungary signed a deal with the Korean company Hyundai, which plans to build its first factory in Europe.

By 2007, Slovakia, where lives little more than 5 million people, will annually produce 850 thousand vehicles, it has become the largest producer in the world in per capita terms.

Forbes magazine recently called Slovakia "investment paradise." "Slovakia is destined to become a new Hong Kong or Ireland, a small country with economic power."

In Slovakia, there is a factory Samsung, producing printers and televisions, and the plant Whirlpool, produces washing machines and is one of the steel giants in Europe.

But it is not just about cars and not only in Slovakia. New Eastern European EU members, with their low salaries and low taxes, attract more investment than China in terms of population. In April, a commercial bank Merrill Lynch said: "It is not clear why the Japanese manufacturer of cars or American manufacturer of microchips engaged in manufacturing in Western Europe. Be prepared to care industry in Western Europe."

Not far from the Slovak capital Bratislava, the modern Volkswagen plant produces 700 vehicles daily, going for export, including - in Japan and America. This is one of the three main plants of the company, which accounts for nearly a quarter of Slovak exports.

"We are in Central Europe, which reduces transportation costs, - said Thomas Shmall, one of four directors of the plant. - People here are different indeed highly qualified. Political risk, in comparison with neighboring countries, is low. The cost of labor is one of the main advantages . Given all the factors, Slovakia goes to the first place. "

Average cost of labor factory worker in Slovakia is almost 10 times lower than in Germany or Britain. In an effort to attract new investment, Slovakia has reduced the income tax of companies and introduced a single rate of income tax at 19%. Estonia simply abolished the tax on profits.

But the leaders themselves expensive European countries are already beginning to complain. Germany's Chancellor Gerhard Schroeder recently said: "This policy does not allow governments to finance infrastructure from its own sources, and this leads to financial aid from Brussels. In the end, on the shoulders of members of the EU will form the problems that we simply can not cope."

Göran Persson, Prime Minister of Sweden, said of the new EU members: "If they think we are taxed Sweden, Finland and Denmark to send money to Eastern Europe, where the rich do not pay taxes, then it is unacceptable."

But Shmall said: "Our opponents are not in Europe, and beyond. That which does not make Europe, making China".

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In the wheat fields of Slovakia gathering momentum output of industry in Western Europe.

Outside the medieval town of Trnava, as far as the eye could see, stretched a forest of concrete pillars. Hundreds of trucks, picking up dust, scurry back and forth, and soar into the sky cranes.

Two years later, this huge building site will be factory "Peugeot", to produce annually 300 thousand cars to be exported to Western Europe and other countries. Its surround factories suppliers, and in the region, which already boasts the factory Sony, producing a plasma TV, you will be around 10 thousand new jobs.

Milan Yankura, director of Invest Trnava, which helped bring the French avtopromyshlennikov, promising them free land, be happy: "People are totally supported this project, they understand that they will work. The mood is very positive."

Slovakia is one of the poorest members of the European Union, where she had come on Saturday, but today it was christened "European Detroit." Here is a factory Volkswagen, annually producing 250 thousand cars, and in March of Slovakia won the tender in Poland and Hungary signed a deal with the Korean company Hyundai, which plans to build its first factory in Europe.

By 2007, Slovakia, where lives little more than 5 million people, will annually produce 850 thousand vehicles, it has become the largest producer in the world in per capita terms.

Forbes magazine recently called Slovakia "investment paradise." "Slovakia is destined to become a new Hong Kong or Ireland, a small country with economic power."

In Slovakia, there is a factory Samsung, producing printers and televisions, and the plant Whirlpool, produces washing machines and is one of the steel giants in Europe.

But it is not just about cars and not only in Slovakia. New Eastern European EU members, with their low salaries and low taxes, attract more investment than China in terms of population. In April, a commercial bank Merrill Lynch said: "It is not clear why the Japanese manufacturer of cars or American manufacturer of microchips engaged in manufacturing in Western Europe. Be prepared to care industry in Western Europe."

Not far from the Slovak capital Bratislava, the modern Volkswagen plant produces 700 vehicles daily, going for export, including - in Japan and America. This is one of the three main plants of the company, which accounts for nearly a quarter of Slovak exports.

"We are in Central Europe, which reduces transportation costs, - said Thomas Shmall, one of four directors of the plant. - People here are different indeed highly qualified. Political risk, in comparison with neighboring countries, is low. The cost of labor is one of the main advantages . Given all the factors, Slovakia goes to the first place. "

Average cost of labor factory worker in Slovakia is almost 10 times lower than in Germany or Britain. In an effort to attract new investment, Slovakia has reduced the income tax of companies and introduced a single rate of income tax at 19%. Estonia simply abolished the tax on profits.

But the leaders themselves expensive European countries are already beginning to complain. Germany's Chancellor Gerhard Schroeder recently said: "This policy does not allow governments to finance infrastructure from its own sources, and this leads to financial aid from Brussels. In the end, on the shoulders of members of the EU will form the problems that we simply can not cope."

Göran Persson, Prime Mini Page etsii Swe, said of the new EU members: "If they think we are taxed Sweden, Finland and Denmark to send money to Eastern Europe, where the rich do not pay taxes, then it is unacceptable."

But Shmall said: "Our opponents are not in Europe, and beyond. That which does not make Europe, making China".

In the wheat fields of Slovakia gathering momentum output of industry in Western Europe.

Outside the medieval town of Trnava, as far as the eye could see, stretched a forest of concrete pillars. Hundreds of trucks, picking up dust, scurry back and forth, and soar into the sky cranes.

Two years later, this huge building site will be factory "Peugeot", to produce annually 300 thousand cars to be exported to Western Europe and other countries. Its surround factories suppliers, and in the region, which already boasts the factory Sony, producing a plasma TV, you will be around 10 thousand new jobs.

Milan Yankura, director of Invest Trnava, which helped bring the French avtopromyshlennikov, promising them free land, be happy: "People are totally supported this project, they understand that they will work. The mood is very positive."

Slovakia is one of the poorest members of the European Union, where she had come on Saturday, but today it was christened "European Detroit." Here is a factory Volkswagen, annually producing 250 thousand cars, and in March of Slovakia won the tender in Poland and Hungary signed a deal with the Korean company Hyundai, which plans to build its first factory in Europe.

By 2007, Slovakia, where lives little more than 5 million people, will annually produce 850 thousand vehicles, it has become the largest producer in the world in per capita terms.

Forbes magazine recently called Slovakia "investment paradise." "Slovakia is destined to become a new Hong Kong or Ireland, a small country with economic power."

In Slovakia, there is a factory Samsung, producing printers and televisions, and the plant Whirlpool, produces washing machines and is one of the steel giants in Europe.

But it is not just about cars and not only in Slovakia. New Eastern European EU members, with their low salaries and low taxes, attract more investment than China in terms of population. In April, a commercial bank Merrill Lynch said: "It is not clear why the Japanese manufacturer of cars or American manufacturer of microchips engaged in manufacturing in Western Europe. Be prepared to care industry in Western Europe."

Not far from the Slovak capital Bratislava, the modern Volkswagen plant produces 700 vehicles daily, going for export, including - in Japan and America. This is one of the three main plants of the company, which accounts for nearly a quarter of Slovak exports.

"We are in Central Europe, which reduces transportation costs, - said Thomas Shmall, one of four directors of the plant. - People here are different indeed highly qualified. Political risk, in comparison with neighboring countries, is low. The cost of labor is one of the main advantages . Given all the factors, Slovakia goes to the first place. "

Average cost of labor factory worker in Slovakia is almost 10 times lower than in Germany or Britain. In an effort to attract new investment, Slovakia has reduced the income tax of companies and introduced a single rate of income tax at 19%. Estonia simply abolished the tax on profits.

But the leaders themselves expensive European countries are already beginning to complain. Germany's Chancellor Gerhard Schroeder recently said: "This policy does not allow governments to finance infrastructure from its own sources, and this leads to financial aid from Brussels. In the end, on the shoulders of members of the EU will form the problems that we simply can not cope."

Göran Persson, Prime Mini Page etsii Swe, said of the new EU members: "If they think we are taxed Sweden, Finland and Denmark to send money to Eastern Europe, where the rich do not pay taxes, then it is unacceptable."

But Shmall said: "Our opponents are not in Europe, and beyond. That which does not make Europe, making China".

In the wheat fields of Slovakia gathering momentum output of industry in Western Europe.

Outside the medieval town of Trnava, as far as the eye could see, stretched a forest of concrete pillars. Hundreds of trucks, picking up dust, scurry back and forth, and soar into the sky cranes.

Two years later, this huge building site will be factory "Peugeot", to produce annually 300 thousand cars to be exported to Western Europe and other countries. Its surround factories suppliers, and in the region, which already boasts the factory Sony, producing a plasma TV, you will be around 10 thousand new jobs.

Milan Yankura, director of Invest Trnava, which helped bring the French avtopromyshlennikov, promising them free land, be happy: "People are totally supported this project, they understand that they will work. The mood is very positive."

Slovakia is one of the poorest members of the European Union, where she had come on Saturday, but today it was christened "European Detroit." Here is a factory Volkswagen, annually producing 250 thousand cars, and in March of Slovakia won the tender in Poland and Hungary signed a deal with the Korean company Hyundai, which plans to build its first factory in Europe.

By 2007, Slovakia, where lives little more than 5 million people, will annually produce 850 thousand vehicles, it has become the largest producer in the world in per capita terms.

Forbes magazine recently called Slovakia "investment paradise." "Slovakia is destined to become a new Hong Kong or Ireland, a small country with economic power."

In Slovakia, there is a factory Samsung, producing printers and televisions, and the plant Whirlpool, produces washing machines and is one of the steel giants in Europe.

But it is not just about cars and not only in Slovakia. New Eastern European EU members, with their low salaries and low taxes, attract more investment than China in terms of population. In April, a commercial bank Merrill Lynch said: "It is not clear why the Japanese manufacturer of cars or American manufacturer of microchips engaged in manufacturing in Western Europe. Be prepared to care industry in Western Europe."

Not far from the Slovak capital Bratislava, the modern Volkswagen plant produces 700 vehicles daily, going for export, including - in Japan and America. This is one of the three main plants of the company, which accounts for nearly a quarter of Slovak exports.

"We are in Central Europe, which reduces transportation costs, - said Thomas Shmall, one of four directors of the plant. - People here are different indeed highly qualified. Political risk, in comparison with neighboring countries, is low. The cost of labor is one of the main advantages . Given all the factors, Slovakia goes to the first place. "

Average cost of labor factory worker in Slovakia is almost 10 times lower than in Germany or Britain. In an effort to attract new investment, Slovakia has reduced the income tax of companies and introduced a single rate of income tax at 19%. Estonia simply abolished the tax on profits.

But the leaders themselves expensive European countries are already beginning to complain. Germany's Chancellor Gerhard Schroeder recently said: "This policy does not allow governments to finance infrastructure from its own sources, and this leads to financial aid from Brussels. In the end, on the shoulders of members of the EU will form the problems that we simply can not cope."

Göran Persson, Prime Mini Page etsii Swe, said of the new EU members: "If they think we are taxed Sweden, Finland and Denmark to send money to Eastern Europe, where the rich do not pay taxes, then it is unacceptable."

But Shmall said: "Our opponents are not in Europe, and beyond. That which does not make Europe, making China".