Major multinationals such as IBM, AT&T, SwissRe and Hewlett-Packard are choosing Slovakia over Hungary when setting up new regional centers in Central-Eastern Europe, according to leading international property agency CBRE.

Slovakia's property market enjoyed EUR 400 billion in new investments last year thanks largely to a high rate of freely available young skilled labor, while Hungary was losing its appeal among international property investors partly as result of a political upheaval, CBRE said.

Total office space in Bratislava (Pozsony), the Slovak capital, rose to 1.45 million square meter by the end of last year, while another 78,800 sqm is currently under construction.

Source: napi.hu