Slovakia manufactures more automobiles per capita than anywhere else in the world: Volkswagen, PSA Peugeot Citroen and Kia Motors have all set up significant manufacturing operations in this tiny Slavic country in recent years. Unsurprisingly, the independent law firms active in the Slovakian legal market count these major auto-industry players among their biggest clients. The automobile industry is Slovakia's cash cow, the lynchpin to years of steady, headline-grabbing economic growth (the gross domestic product has seen annual increases upwards of 10% in recent years).
December 10, 2008 at 06:26 PM
1 minute read
The original version of this story was published on Legalweek
Slovakia’s reliance on a vulnerable automobile industry could impact on the country’s law firms. Jeffrey White reports
Slovakia manufactures more automobiles per capita than anywhere else in the world: Volkswagen, PSA Peugeot Citroen and Kia Motors have all set up significant manufacturing operations in this tiny Slavic country in recent years. Unsurprisingly, the independent law firms active in the Slovakian legal market count these major auto-industry players among their biggest clients.
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