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Investment Climate and Role of SARIO Norwegian – Slovak Business Forum Oslo Norway 10 6 2010

VIEWS: 18 PAGES: 25

									Norwegian – Slovak Business Forum
        Oslo, Norway 10.6.2010
       Norsk - Tysk Handelskammer




             SLOVAKIA
Ideal Investment & Business Destination
Slovakia – Heart of Europe

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

Independent        Flat tax 19% European Union
  Slovakia                                             EURO Zone
                    1.1.2004       member
1.1.1993                          1.5.2004              1.1.2009


                         19%




              14.12.2000 29.3.2004           21.12.2007
               member      member            Fully member
               of OECD     of NATO           Schengen zone
Macroeconomic Overview
                                                             2009

 2008                                                   GDP growth     (2009)


 Real GDP growth              6,4 %              -3,21%

 Labour productivity growth   5,8 %   Real wages growth                  (4rd Q 2009)

 Real wages growth            3,3%                             1,6%
 HICP Inflation               3,9 %




                                        productivity
                                                       Monthly salary    (2009)
 Unemployment                 9,6%
                                                                744 EUR
 Average monthly salary (€)   723
                                       Unemployment                   (April. 2010)

A1 positive outlook                         12,5%


                                                         Inflation   (JAN. 2010)
A+ stable outlook
                                                                 1,1%

A   positive outlook
1st rank in CEE in DOING BUSINESS 2010 !
OECD: 3,6% Growth of GDP in 2010 in Slovakia
                                                                                                                                 74
     Methodology                               80                                                                    72
                                               70
                                               60                                             53         55
  Starting a business                          50       42         44           47
                                               40
                                               30
 Construction permits                          20
                                               10
                                                0
   Employing workers




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                                                              ar




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                                                                                                               la
                                                                                       ve
                                                                         ng




                                                                                                                          pu
                                                              lg
                                                 ov




                                                                                                   m


                                                                                                              Po
                                                                                        o
       Paying taxes



                                                             Bu



                                                                        Hu




                                                                                                                      Re
                                                                                                  Ro
                                               Sl




                                                                                     Sl




                                                                                                                     h
                                                                                                                     ec
                                                                                                                   Cz
  Enforcing contracts

  Protecting investors                                             The Doing Business project
                                                                   provides objective measures of business
                                                                   regulations and their enforcement across 183
    Closing business                                               economies and selected cities at the subnational
                                                                   and regional level.
Trading across borders


Source: World Bank Group – Doing Business Report 2010
Member of Eurozone



                €
                1st January 2009
                Slovakia joined the EURO Zone

                EURO IMPLEMENTATION IMPACT:
                 Limitation of Foreign Exchange Risk
                 Lowering Transaction Costs
                 Growth in Foreign Trade
                 Increase financial stability
Simple and Fair taxes



        19% flat tax rate
        I Corporate & Personal Income Tax
        I Value Added Tax


         I Dividend tax
         I Inheritance and Gift Tax
         I Real Estate Transfer Tax
         I No limits on the Repatriation of profits
Low labour cost vs high labour productivity

                            Labour productivity
          942 €
          Czech Republic

          843 €
          Poland

          792 €
          Hungary

          723 €
          Slovakia




Data for 2008
                                      Education in Slovakia

                          0,01%
                              6,75%                                                   Eastern Slovakia
                15,68%                                                                university region




Western Slovakia
university region

                                                    Central Slovakia
                                           40,39%   university region



       37,17%




                    No education
Bratislava                                             Number of universities:   11
                    Elementary school
university region                                      Total Number of Students in 08/09:       208 072
                    Secondary General School           Graduates in 08/09:   58 447
                    Secondary Vocational School
                    University education
                                   Infrastructure
                                      Krakow (PL) 180 km




                          Prague
     Brno (CZ) 120 km

                                                      Bratislava
                                                      Bologna
                                                      Basel
                           Cargo                      Split

                                                                   Vienna
                                                                   Prague
                                                                   Bratislava
                                                                   Poprad


               Alt major
               European cities




Vienna (A)

All major
European &
World cities
SLOVAK INVESTMENT AND TRADE
 DEVELOPMENT AGENCY - SARIO




          SARIO
   Doing business with us
SARIO – The right place for your business


                  Founded in 2002 by the
                  Slovak government and put
                  under the direction of the
                  Slovak Ministry of Economy.
                  THE MISSION OF SARIO
                  I To present the business environment in Slovakia
                  I To maximize the inflow of foreign direct
                  investments to Slovakia
                  I To support foreign trade via match-making, as
                  well as via subcontracting activities
                  I Administration of structural funds
     SARIO – Foreign Trade Section - services

 Expositions and trade fairs – Participation in expositions and trade fairs to
  promote Slovakia and Slovak entrepreneurs and agencies
 Organization of business missions and forums abroad and foreign missions
 Assistance to SME related to their promotion abroad at exhibitions,
  workshops
 Help and support of Joint Venture projects
 Subcontracting activities
 On-line database - Project of Slovak exporters and their update offerings –
  matchmaking services
 SIC - SARIO Information centre
 Foreign cooperation – Specialists on territories, propagation of slovak
  products, market analysis, contacts and information sharing

        SERVICES ARE FREE OF CHARGE
SARIO FDI Section Section - services
        SARIO FDI

  Assistance in implementing investment projects
  Analyses of labor market, taxation,legislation, macroeconomics etc.
  Advice on issues related to starting a business
  Sectorial and regional analyses
  Selection and recommendation on ideal location and suitable real estate
  Facilitation of communication with national and local authorities, self-
     government bodies
    Consultancy in the area of state aid and assistance with applications for
     investment incentives
    Aftercare services for foreigned investors already operating in the Slovak
     Republic
    Assistance in finding Slovak partners for joint-venture or suppliers


        SERVICES ARE FREE OF CHARGE
        SARIO STRATEGIC PROJECTS
                                 Country                   Investment
        Company name                of           Jobs          s        Location
                                    origin                 mil EUR
 SONY                              Japan         1500         76,3        Nitra

 SAMSUNG                         South Korea   450 + 800       63        Galanta

 SAMSUNG El. LCD                 South Korea   1200-1400       320      Voderady

 KIA Hyundai                     South Korea     3400         1100        Žilina

 Peugeot-Citroen                   France        3500          750       Trnava

 DELL                               USA        1000+800         8       Bratislava

 Johns Manville Slovakia            USA          1 400         120       Trnava

 Whirpool                           USA          1300          200       Poprad
                                 Germany/US
 GFT                                   A
                                                 787           345       Kechnec

 AUO                               Taiwan        3000         191,3      Trenčín

 ICU Medical                        USA          700           14        Vráble


Creation of 65 000 jobs in 2002-2008
            Source: SARIO 2010
  Top 5 investors in Slovakia by sector

                                                 I 1. Automotive


                                                 I 2. Machinery


                                                 I 3. Electrotechnical


                                                 I 4. Chemical


                                                 I 5. IT services


Source: SARIO, National Bank of Slovakia, 2010
   SIC – SARIO INFORMATION CENTRE

www.sic.sario.sk
At SIC you can find following:



      Good suppliers

                                  Slovak subcontracting companies
   Investment partners           operate in the following industries:


     Information about                         - Mechanics
   international tenders                  - Electro mechanics
                                              - Electronics
                                          - Plastic and rubber
Partners for joint ventures              - Wood and furniture
                                         - Textile and clothing

    New subcontractors
Automotive database for VW Slovakia, PSA PEUGEOT
CITROEN, KIA and possible investors JAC Motors -
China, REVA – India, FIAT – Italy = Electric Cars
Goal:                        Vision:
I Creation of the Slovak     I Reinforce Research and
 suppliers database in the     Development in the field of
 automotive industry           automotive industry




105 Cars per 1000 Habitants in 2008
                                 CLUSTERS DATABASE
CLUSTERS OF WESTERN SLOVAKIA
   AUTOMOTIVE - TRNAVA                                                   Cluster for Robotization
ELECTROTECHNICAL -GALANTA                                                 and Automatization -
                                                                                  Prešov
 TOURIST TRADE - TRNAVA

  SLOVAK PLASTIC - NITRA
                                             Kys. Nové Mesto
   ENERGETIC - TRNAVA
                                           Žilina
                                                    Martin             Poprad
                                                                                     Presov
                                   Dubnica n.Váhom
                                 Trenčín
                             Nové M. n. Vahom                                                 Humenne
                                                         Banská Bystrica           Košice
                      Hlohovec

             Trnava                                   Zvolen

                                  Nitra                        Detva
        Malacky
                       Galanta
         Lozorno                     Vrable
                      Sladkovicovo
           D.N. Ves
              Bratislava




      CLUSTERS OF MIDDLE AND EASTERN SLOVAKIA
   Norwegian – Slovak Business Relations
Export from Slovakia to Norway: 77 Slovakian Companies

Import in Slovakia from Norway: 49 Slovakian Companies

Export from Slovakia to Norway – cars, paper and cellulose
 wad, cargo wagon, electric transformers and converters,
 waterproof shoes, carbon electrode, cords and ropes and plane
 rolling products

Export from Norway to Slovakia - ferroalloy,     chemical wood
 cellulose, unenamel paper and cardboard, electric transformers,
 machinery and its equipment, fluorites.

   List of 123 Slovak companies looking for cooperation
               partners in Norway available on
                    slovcomm@online.no
Special interregional cooperation between More
og Romsdal region in Norway and Presov region
in the Eastern Slovakia
  Both regions would like to increase their cooperation in
  the field of Engineering, Automatization Technology and
  Robotics, Chemical Industry, Packaging, Pharmaceutical
  Industry, Renewable Energy and Tourism.

Opportunities for cooperation: 22.-23.9.2010, Presov
Business mission of Norwegian companies to the Presov region

Machinery (automatization and robotics):
                  Chemosvit, a.s. (www.chemosvit.sk) - subcontract, joint venture
                  Spinea s.r.o. (www.spinea.sk) - subcontract
                  VUKOV Extra, a.s. (www.vukovex.sk) - subcontract
                  PROCONT, spol. s r.o. (www.procont.sk) - subcontract
Automotive:       ZVL Auto, s.r.o. (www.zvlauto.sk) - subcontract, joint venture
                  Fragokov – export, v.d. (www.fragokov.sk) – subcontract
Electronics:      Elcom s.r.o. (www.elcom.sk) - subcontract, acquisitions of companies
                  Tesla a.s. (www.tesla.sk) - subcontract
Pharmacy:         IMUNA PHARM, a. s.(www.imuna.sk) – subcontract
University of Presov: Research of DNA, bernaky@unipo.sk - cooperation
Main Investors from Norway in Slovakia

Kongsberg Automotive – Driveline, Vráble

NORSK HYDRO - Slovalco, Žiar nad Hronom

TIMM - TIMM Slovakia, Trenčín

 Bratislava Coop Norge, Oslo Domex-Interier-
 Export, Linstow Airport Bratislava, Verdispar,
 CEPM, VIZADA (Telenor) Slovakia, Oslo REMA
 1000, VERDISPAR, Blomquist Bratislava
       The Royal Norwegian visit to Slovakia
                  October 2010

I B2B negotiations between   I Round tables with a specific
 Norwegian and Slovak         topics in the field of Renewable
 Companies                    Energy and Infrastructure


    Looking for more cooperation between
      Norway and Slovakia in the field of
         Research and Development
                     and
                 Innovation

 SARIO IN COOPERATION WITH INNOVATION NORWAY
4th Slovak Matchmaking Fair 2010
in partnership with France
9 – 10 November 2010, Venue: Agrokomplex Nitra

International Business Networking
I Engineering
I   Automotive Industry
I   Electrotechnics
I   Power Industry and Renewable Energy
I   Chemistry
I   IT Technologies


Programme
I   Partners presentations
I   B2B negotiations
I   Round tables
I   Special conference
             Thank you for your attention


                     PhDr. Juraj Haško

         For more information, you can contact us at:

                       Adress: SARIO
                          Martinčekova 17
                       821 01 Bratislava, SR

                  Tel.:  +421 910 828 251
                   Email: hasko@sario.sk
                    Website: www.sario.sk




Embassy of
the Slovak
 Republic

								
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