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Perspectives of business development between Slovakia and Italia

Perspectives of business development between Slovakia and Italia. Slovacchia : opportunitá per le imprese del Triveneto grazie ai fondi strutturali europei. Vicenza – Italia, 25. Novembre 2008. www.sario.sk. COUNTRY PROFILE. Area (km 2 ): 49,035 Population: 5 . 379 . 000

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Perspectives of business development between Slovakia and Italia

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  1. Perspectives of business development between Slovakia and Italia Slovacchia: opportunitá per leimpresedelTrivenetograzieaifondistrutturalieuropei Vicenza – Italia, 25. Novembre 2008 www.sario.sk

  2. COUNTRY PROFILE Area (km2):49,035 Population:5.379.000 Capital:Bratislava Member of:OECD, WTO, NATO, EU Shengenarea Eurozone(1.2009) MARKET OF 300 MILLION IN 1000KM Strategic location with great export potential

  3. EURO ADOPTION IN 2009 EURO will be introduced as the official currency in 2009with the exchange rate 1 EUR=30.126 Sk € 2009 Source: National Bank of Slovakia • EURO implementation impact: • No currency exchange risk • Lower real interest rates

  4. 10,4 6,8 4,3 productivity real wages GDP Growing 2007 MACROECONOMIC OVERVIEW Basicmacroeconomicindicators 2007 (2008*) Real GDP growth 10,4%(6%*) Labourproductivitygrowth 6,8%(n.a.) Realwagesgrowth 4,3%(4,5%*) HICP Inflation 1,9% (4%*) Highest economicgrowth in EU A1 positiveoutlook A+ stableoutlook A positiveoutlook

  5. SARIO KEY ACTIVITIES • Creation of a suitable investment andbusiness-friendly environment in Slovakia. • Assisting with the completion of investment projects of foreign investors andancillary services. • Consultation and solutions for individual State aid to investors; processingapplications for State aid. • Mapping out and creatingdatabases of available real estateandindustrial parks. • Assistingsmall and medium businesses in their search forexportandtradeopportunities abroad. • Assisting municipalities and small and medium business applying for money fromthe EU structural fundsand helping them complete their projects.

  6. Slovak Investment and Trade Development Agency SARIO Ministry of Economy SARIO core sections Foreign Direct Investment Foreign Trade Structural funds

  7. We offer a wide range of services to investors: Provision of sector-specific information Analyses of labor market, taxation, macroeconomics etc. Advice on issues related to starting a business Recommendation on ideal location and suitable real estate Facilitation of communication with national and local authorities Assistance with applications for investment incentives FDI SECTION

  8. SARIO regional representives monitor the availability of industrial ground / facilities and compile a real estate database SARIO - RealEstateDatabase SARIO project managers prepare comprehensive real estate offers for potential investors according to their requirement Greenfield Brownfield Office space Tourism No. of real estates in database: 305 35 9 309

  9. FOREIGN DIRECT INVESTMENT Significantindustrial FDI : AutomotiveElectronics - highest percapitacar production in the world

  10. SARIO Investment projects

  11. SARIO INVESTMENT PROJECTS

  12. FDI completed projects by country 2002-2007 Source: SARIO 2008

  13. FDI Completed projects by sector 2002-2007 Source: SARIO 2008

  14. 10 reasonsWHY SLOVAKIA ? • Location – CentralEuropean hub • Political and Economic stability • HighEconomicGrowth • HighLabourProductivity • Highlyskilledworkforce • Strongengineeringtradition • FlexibleLabourMarket • 19% flattax rate • Businessfriendlyenvironment

  15. UNIVERSITY EDUCATION Total Number of Students in 2007/2008 212 273 Graduates in 2007/2008 – 42 030 Žilina 12 269 Prešov 14 178 Ružomberok Martin Trenčín 10 204 Banská Bystrica 16 930 Košice 27 031 Trnava 18 400 Zvolen 4000 Nitra 23 410 Bratislava 70 413 Komárno Universities across Slovakia & major fields of studies Source: Institute of Education Information and Prognosis of Slovakia, 2008 Source: Institute of Education Information and Prognosis of Slovakia, 2008

  16. ROAD INFRASTRUCTURE R5 D3 R3 Žilina Dolný Kubín R4 R6 D1 Považská Bystrica FUTURE 2010 2008 Martin Poprad Humenné Prešov D1 D1 Spišská Nová Ves R3 D1 Trenčín Prievidza Michalovce Nové Mesto nad Váhom Banská Bystrica R2 Košice R1 D1 R2 R4 Zvolen D2 Piešťany R2 Rimavská Sobota Trnava R3 Nitra R1 D1 R7 Lučenec Bratislava R1 D4 Highway in operation Veľký Krtíš D4 Speedway in operation R7 D2 Nové Zámky Under construction Motorway in operation Existing network & construction projection

  17. AIRPORT INFRASTRUCTURE Žilina Prague Poprad London Košice Vienna Prague Bratislava Dublin London Poprad Bratislava Vienna (A) All major European cities All major European & World cities Flight Destinations Note: Flight destinations as of January 2008

  18. Trnava Vrable Zilina Košice Poprad Malacky D.N. Ves Bratislava Sladkovicovo VW -Lozorno Roznava Industrial Zones & Clusters of suppliers Cluster for VW Slovakia Cluster for Peugeot Citroen Cluster for Kia Motors Electrotechnical cluster Kys.Nové Mesto Martin Presov Dubnica n.Vahom Trenčín Humenne Banská Bystrica Nove M.n.Vahom Zvolen Hlohovec Nitra Galanta Wood processing zone Steel processing industry, heavy industry zone Chemical orientated zone

  19. Flexible Labour Market • 3 months probation period • Weekly working time 40 hrs net (excluding 30 min. break) + 8 hrs overtime per week • Annual leave of 20 days (25 days after 15 years of employment) • 150 hrs of overtime per year can be ordered by the employer (a further 250 hrs of overtime annually can be agreed with employees) • No obligation to pay bonuses for 150 hrs of overtime per year • Bonuses for overtime (25%) and for working on bank holidays (50%)

  20. Wages and ObligatoryContributions Minimum monthly wage Slovakia 242 EUR / month Average monthly salary Slovakia 593 EUR / month Poland 710 EUR Slovakia Czech rep. 783 EUR 593 EUR Romania 737 EUR 354 EUR Hungary 295 EUR Central & Eastern European Countries Comparison Bulgaria * Excl. social security contributions covered by employer Source: CE Research LLP

  21. Salary

  22. Slovakia - INVESTMENT AID

  23. Chance to reduce investment costs Slovakia - INVESTMENT AID Further requirements are set separately for each type of projects..... Aidcanbegranted to followingprojects ... Minimum required of investment • Industrialprojectsmil. €26.6/13.3/6.7 • Technological centersmil. €1.32 • Centers of strategic servicesmil. €1.16 • Tourism centersmil. €16.6 /8.3 / 3.3

  24. CA NO SK SL TS KM BJ 26.6 mil. EUR BY SP DK ML ZA KK K PU SB B PB PP LM SV MT LE RK HE IL PO V VT TN SN SA TR G GL NM PD BR BB S SO MY BN I MI KE KS S RV RA SE ZH PN PE DT T TV TO ZV ZC TT P PT HC MA BS 6.7 mil. EUR ZM PK RS P LC NR KA SC BA GA LV VK SA NZ DS 13.3 mil. EUR KN INDUSTRIAL PROJECTS basicrequirements • new factoryor expansion • long- term assets in min. amount of 26.6 / 13.3 / 6.7 mil. EUR • new machinery min. 60% of the total costs Investment must be implemented in max. 36 months

  25. Technological centers Procurement of tangible and intangible assets in the amount of at least 40 mil. SKK (1.2M EUR) At least 50 % of procured assets have to be covered by own equity At least 60 % out of the total amount of new employees have to achieve university education Procurement of new production and technology equipment.

  26. Centers of Strategic Services Procurement of tangible an intangible assets in the amount of at least 35 mil. SKK (1M EUR); At least 50 % of procured assets have to be covered by own equity; At least 30 % out of the total amount of new employees have to achieve university education; Procurement of new production and technology equipment.

  27. 50% 50% 40%  ELIGIBLE COSTS includecosts of: Land+ Buildings+ Newmachinery Licenses+Patent rights +Knowhow How much of eligible cost can be covered by aid?

  28. FORMS OF INVESTMENT AID • Cash grant • Corporate income tax relief • Contributions on newly created jobs • Transfer of real estate for adiscounted price DECISION ON GRANTING OF AID • Decisive factors: • Region of investment • Number of new jobs, Amount of investment • Addedvalue of investment • Overall importance for economy In period 2002-2007 aidfor 84 Projects (over 1 bn.EUR)

  29. Slovak Investment & Trade Development Agency SARIO Foreign Trade SectionDepartments SARIO Information Centre International Communication Regional offices

  30. Main activities on TRADE • Participation on Expositions and Trade Fairs • Organization of business missions abroad and foreign missions in Slovakia • Assistance to SME related to their promotion abroad • On-line databases (S.I.C.) • Matchmaking services • Subcontracting activities • Joint ventures opportunities • Presentation of investment activities abroad • Special market and sector analysis

  31. DEMAND First contact: Territory Manager: Russian Federation + CIS ASEAN countries Central and Middle East Central and West Europe Balcan countries Contact to Regional offices to find a suitable partner in Slovakia SUPPLY First contact: Regional managers Contact to Territory Manager to find a suitable foreign partner How to cooperate with Foreign Trade S.I.C. department

  32. S.I.C. - SARIO Information Centre At SIC you can find following: • Good suppliers • Investment partners • Information about international tenders • Partners for joint ventures • New subcontractors Slovak subcontracting companies operate in the following industries: • Mechanics • Electro mechanics • Electronics • Plastic and rubber • Wood and furniture • Textile and clothing http://www.sic.sario.sk

  33. Unique & the most important subcontracting business event in Slovakia Mission – find for you a suitable cooperation partner from various sectors of industry in Slovakia Number of companies participated: 240 Embassies attended: 16 Combined Chambers of Commerce + organizations: 8 Number of visitors/persons: 564 Sector represented: machine engineering, electrotechnics, electronics, metallurgy, plastics, IT, power engineering Partner country: Czech Republic Slovak Matchmaking Fair

  34. Place: Kosice-Prešov cities (Slovakia) Date: November 2009 Represented sectors: machinery and automotive electro technical industry metallurgy plastic and chemistry agriculture and food industry IT (soft- and hardware) wood-processing Bonus: Matchmaking meetings Many kinds of presentations Cultural and culinary adventure Get the best of east Slovakia high potential III. Slovak Matchmaking Fair 2009

  35. Subcontracting

  36. Promotion and support of Slovak traditional, original and top class goods SARIO „made in slovakia“ project for 3 years Partners: • Ministry of Economy • National Agency for Development of SME • Chamber of Commerce and Industry • municipalities • entrepreneurs from Slovakia • foreign partners (organizations and companies) Activities: • new internet portal • professional personnel • “exporter of the year” and “product of the year” • global promotion “Made in Slovakia” • workshops & seminars in Slovakia and abroad

  37. Complete information database of sub-suppliers network in automotive industry, suppliers for production of various vehicles (bus, microbus, omnibus, motorbike, truck, trailer, semi-trailer) Circa 400 companies registered New portal database with opportunity to seek producers online, limited edition of presentation CD Partners: Ministry of Economy, Automotive Industry Association NEW: on-line „Automotive database“ Public accessibility 2nd quarter of 2009

  38. EXPORT - Main Foreign Trade Partners for 2007

  39. IMPORT - Main ForeignTradePartnersfor 2007

  40. Foreign trade Slovakia - Italy

  41. Foreign trade Slovakia – ITALY

  42. Thank you for your attention! Juraj Šumichrast Director of Foreign Trade Section SARIO Slovak Investment & Trade Development Agency Tel.: +421-2-58 260 310 Cell.: +421-910 828 223 Fax: +421-2-58 260 509 Email: sumichrast@sario.sk www.sario.sk

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