Austrias Energie AG Oberoesterreich unveiled plans to invest in Slovakias water and waste management market, Energie AG director general Leo Windtner said. It will do so via its arms Energie AG Vodohospodarstvo Slovakia and AVE SK Odpadove Hospodarstvo.

Windther would not commit to a specific sum for the investment.

"We will invest on the Slovak market enough to become a top three provider of services in both business lines within three to five years," said Windtner.

The Austrian company said it will be creating between 1,000 to 1,500 jobs in Slovakia.