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Central and Eastern Europe have attracted strategic initiatives for many years. Its geographical location between Western Europe and Asia, its various political systems and aspects, as well as its intellectual richness give a strategic meaning to this part of the world.

Slovakia

Market information
 

  • Slovakia has been a Member of the European Union since 2004.
  • The country has been a member of the Euro zone since 2009.
  • The share of foreign trade in country's GDP reached more than 200%.
  • The agricultural sector is not very developed in Slovakia and represents less than 3.5% of the GDP.
  • The secondary sector accounts for about one third of GDP. The heavy industrial sectors such as metal and steel are still in a restructuring phase.
  • The high value added industries such as electronics, engineering and petrochemicals are located in the western part of the country.
  • Some sectors, such as automotive and consumer goods, offer attractive investment opportunities for foreign investors.

 

Bilateral trade with France increased by 4.5% compared with 2013, standing at 5.3 billion Euros for the first time. Three categories form the majority of these exchanges, namely transport equipment (41.2%), other industrial products (28.9%) and mechanical equipment, electrical equipment, electronics and computers (27.6%).
 

Strengths

  • The integration in the EU has accelerated the implementation of reforms
  • The membership of Slovakia to the Euro zone
  • The country is considered the platform of the European automotive re-exports
  • The business environment is attractive
     

Weaknesses

  • Vulnerability to external shocks
  • The weight of foreign debt
  • A high unemployment rate

 

 

  FACT SHEET
Capital
Bratislava
Surface area
49 045 km²
Population
5.4 million inhabitants
Currency
Euro (EUR)
GDP Growth
3.6 % in 2015
Per capita GDP
18 500. USD in 2014
Corporate taxes
22 %
Social security contributions
48 %
Working week
40 hours / week
Paid leave
25 days / year
Country COFACE notation
A3

Business environment
A2

French subsidiaries
400