1 / 22

SLOVAKIA Ideal Investment & Business Destination

SLOVAKIA Ideal Investment & Business Destination. Slovakia – Growing Heart of Europe. Establishment: 1st January 1993 Official name: Slovak Republic Area (km2): 49,035 Population: 5,379,000 Capital: Bratislava Member of: OECD, WTO, NATO, EU, Schengen area

adli
Download Presentation

SLOVAKIA Ideal Investment & Business Destination

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. SLOVAKIAIdeal Investment & Business Destination

  2. Slovakia – GrowingHeart of Europe • Establishment: 1st January 1993 • Official name: Slovak Republic • Area (km2): 49,035 • Population: 5,379,000 • Capital: Bratislava • Member of: OECD, WTO, NATO, EU, Schengen area • Official currency: EURO • Official Language: Slovak • Government: Parliamentary democracy • Election term: 4 years • Neighbours: Austria, Czech Republic, Hungary, Poland, Ukraine • Time zone: GMT + 1hour Strategic location with great export potential Source: SARIO, 2010

  3. GDP Prediction for 2012 EC 1.2% OECD 1.8% National Bank of SR 2.1% IMF 2.4% MF SR 2.5% WB 3% GDP Prediction for 2013 IMF3,1% National Bank of SR 3.1% WB 1.5% OECD 3.6% MF SR 2.7% OECD 4.4% MacroeconomicOverview GDP growth Source: International Monetary Fund, Eurostat, Slovak Statistics Office, Central office of Labour, Social Affairs and Family

  4. Slovakia: Fastest Growth in Eurozone, 2012FF Source: European Commision, February 2012

  5. 1st Rank in CEE in DOING BUSINESS 2012 ! Methodology Starting a business Construction permits Registering property Paying taxes Enforcing contracts Protecting investors The Doing Business project provides objective measures of business regulations and their enforcement across 183 economies and selected cities at the subnational and regional level. Closing business Trading across borders Getting credit Source: World Bank Group – Doing Business Report 2012

  6. Why Invest in Slovakia: Top ReasonsStrategic Position with Export Potential 300million of consumers in radius of 1,000 km Moscow London Berlin Kiev Paris 600million of consumers in radius of 2,000 km Rome Istanbul Zdroj: World Resources Institute

  7. Eurozone Member – One of the few from CEE € Euro since 1st January 2009 EURO IMPLEMENTATION IMPACT: Limitation of Foreign Exchange Risk Lowering Transaction Costs Growth in Foreign Trade Increased Financial Stability Source: SARIO, 2012

  8. Simple and Fair Taxes 19% Flat Tax Rate 19% Corporate Income Tax Personal Income Tax Value Added Tax - VAT Dividend tax Inheritance and Gift Tax Real Estate Transfer Tax Repatriation of profits 20% 0% 100% Source: SARIO 2012

  9. Low Labour Cost & High Labour Productivity Gross monthly salary Slovakia reaches the highest labor productivity 989 € 24 319CZK Czech Republic 825 € 3 399,52PLN Poland 786€ Slovakia 762 € 213 054 HUF Hungary 472 € 1 936 RON Romania 328 € 642 BGN Bulgaria GDP (in PPS) per hour worked as compared to EU15 (100)Source: Eurostat 2011 Data for 2011Source: National Statistical offices of Czech republic, Hungary, Poland, Slovakia, Bulgaria, Romania exchange rate (as of 3 April 2012)

  10. Regional Differences in Wages 608 € 707 € 687 € 726 € 652 € 735 € 1 001 € 662 € Average gross monthly wage level in economy in Slovakia in 2011 reached 786 EUR(2,2% increase pa) Average unemployment level in Slovakia in 2011 reached 13.5 % Source: Central Officeof Labour, Social Affairs and Family, 2012

  11. Education in Slovakia In TOP 500 of world universities ranking Number of Universities:35 Number of Students in 11/12: 204 158 Graduates in 2011: 71 092 Source: The Institute for the Information and the Prognosis in the Education, 2012

  12. Dominating Sectors of Slovak Republic High-Tech Services: Knowledge Intensive High-Technology: Manufacturing Creative, movie, TV industry and ICT Scientific research and development (biotech, medical, engineering etc.) Pharmacy Computer, electronic and optical products Air and spacecraft industry Source: SARIO, 2012

  13. Dominating Sectors of Slovak Republic Medium-High Technology: Manufacturing Chemistry Armament industry Electrical equipment Machinery equipment Automotive industry, supplier sector Other transport equipment Medical and dental instruments Source: SARIO, 2012

  14. Slovakia´s Success Stories Source: SARIO, 2012

  15. Success Stories & FDI Inflow to Slovakia Source: NBS, SARIO, 2012

  16. Bilateral trade Development of bilateral trade between Slovakia and Greece (in thousands €) • 2008 - the peak of the trade and our exports • 2009- slight decrease due to ongoing global financial and economic crisis • 2010 – annual decrease of 21% • 2011, 2012 - downward trend in trade, mainly due to the decrease of our exports, but still highly positive trade balance for Slovakia (our exports highly exceed imports) .

  17. Main trade commodities • Slovak export to GR • - the highest export turnovers were in TV sets, cars • - followed by plastics, rubber and articles thereof; paper, paperboard and articles of paper pulp; metal and metal products (including iron, steel and copper) • - increase in export of other commodities: wood, tires, telecommunication equipment, audio equipment, cosmetics, furniture, printing materials, artificial fertilizers, pumps, metal pipes, office equipment, musical instruments, plastic products, household appliances, commercial glass, electrical machinery, yarn and so on. • - more than 70 commodities with volume of over 100 thousand €. • Greek import to SR • -aluminum ores and concentrateshave long been the most important commodity in our import from Greece (35% of total imports) • - Second place - market products, especially cutlery and knives. • - other commodities: pharmaceuticals, textile products, fruits, nuts, vegetables, alcohol, cosmetics, polymers, etc. • - Overall, more than 30 items with the volume over 100 thousand Euros.

  18. Insight into Investment Incentives

  19. Eligible Projects • Industry • Shared ServiceCenters • R&D Centers • Tourism

  20. Eligible Costs ELIGIBLE ARE COSTS OF: • LAND • BUILDINGS • NEW MACHINERY & TECHNOLOGY EQUIPMENT • LICENSES &PATENT RIGHTS • OR • WAGE COSTS OF NEW EMPLOYEES DURING 2 YEARS • State aid in regions: • Bratislava: 0% • Western Slovakia: 40% • Central Slovakia: 50% • Eastern Slovakia: 50%

  21. SARIO Services From providing General services & informationto all subjects interested in FDI in Slovakia Tailor-made solutions for potential investors exploring Slovakia such as Best Location for Your Investment Best Location for Your Expansions Through Assistence in STATE AID application processfor investments into: INDUSTRY SHARED SERVICE CENTERS R&D CENTERS TOURISM Support foreign trade via match-making & subcontracting To AFTERCARE services- for established foreign companies Contact: www.sario.sk Governmental Agency: Services Free of Charge

  22. Thank you for your attention! Roman Hlobeň Deputy Head of Mission Embassy of the Slovak Republic Address: 4,G. Seferi Str., Paleo Psychico, 154 52 Athens tel. 210 6771 980 fax. 210 6776 761 emb.athens@mzv.sk

More Related