Xray Column – Statistics, Expenses…

The 20th installment in the Xray column from Xray owner and chief designer Juraj Hudy is now online. In this months column, Juraj talks about the current economic climate and its effect on the model car industry.

Over the last several years we have kept our export prices the same despite the expenses for labor, energy, material, services have been increasing constantly above the standard inflation rate. The Slovak economy has been exceptionally strong over the last few years and when for 1 Euro we received a few years ago over 40 Slovak crowns, today it is only 30 Slovak crowns; and for 1 USD we received a few years ago over 42 Slovak crowns, today it is only 19 Slovak crowns. If you do the math, you will fully understand my concern and the tough situation we have to face.

Read the full column here.

Source: Xray [teamxray.com]