Figaro factory survived two world wars, communism, but not Kamenický's consolidation, says SaS

The departure of the historic Figaro factory from Trnava to the Czech Republic is a stark symbol of Slovakia's failing economic policies, according to the opposition party SaS. The party asserts that the factory, which survived two world wars and communism, could not withstand the current government's fiscal consolidation measures.

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Even well-known Slovak brands no longer see a future in Slovakia and are leaving for abroad.

SaS points directly at the Ministry of Finance's consolidation package, including transaction taxes and an overall increase in the tax and levy burden, as the primary culprits. They argue that these policies, coupled with rising bureaucracy, are creating an untenable business environment. This "investment exodus," as described by SaS MP Karol Galek, is leading to a significant loss of jobs and competitiveness for Slovakia.

The party highlights that this is not an isolated incident. They cite Samsung's partial production shift to Hungary and Foxconn's investment expansion in Poland as further evidence of a broader trend. The lack of proactive economic support measures from the government, despite promises, is deeply concerning for Slovakia's economic future.

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Figaro survived two world wars, survived communism, and was unable to survive the consolidation of Finance Minister Ladislav Kamenický.

While the government, through Minister of Economy Denisa Saková, claims to be developing support packages, the tangible impact of these measures remains to be seen. For now, the closure of the Trnava factory serves as a critical warning, suggesting that Slovakia is losing its industrial base and the associated employment opportunities due to unfavorable economic conditions.

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Everything that has legs is running away from Slovakia. I would call it an investment exodus.