SLOVAKIA Ideal Investment & Business Destination by 21AOJB5

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									SLOVAKIA
Ideal Investment & Business Destination
Slovakia – Best Bet for Your Business
Slovakia – Growing Heart of Europe
Member of NATO
Member of European Union
Member of Schengen Area
Member of Eurozone
Journey of Slovakia

                  World
Independent    ice hockey   European Union
  Slovakia      champion       member                   EURO Zone
  1993           2002           2004                      2009




                                                          2009
               2000                          2007        Football
                               2004
              member                    Fully member     world cup
                              member
              of OECD                   Schengen zone    qualified
                              of NATO
    Slovakia - a Natural Winner

      A1 positive outlook



      A+ stable outlook



      A       positive outlook




     DB2d             positive outlook




Source: SARIO, 2010
    Macroeconomic Overview

    Real GDP growth                                 -4,7 %
    Labour productivity growth                      2%
    Real wages growth                               0,6 %
    HICP Inflation                                  1,6 %
    Unemployment                                    12,1 %
    Average monthly salary (€)                      744,5

    Real GDP growth (Annual percent change)
   12
   10
    8
    6
    4
    2
    0
   -2   2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
   -4
   -6       European Union   Slovak Republic

Source: SARIO, 2010
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 Cost of Labor vs High Labor Productivity

                                                                                    70
       900 €
                           855,84 €               782 €                  744,5 €
       Czech                                                                        65
                            Poland               Hungary                 Slovakia
      republic
                                                                                    60


                                                                                    55


                                                                                    50


                                                                                    45


                                                                                    40


                                                                                    35
                                                                                          2005   2006   2007   2008   2009

                                                                                     Labour productivity
                                                                                         Source: Eurostat 2009, EU15 = 100




Data for 2009
Source: National Statistical offices of Czech republic, Hungary, Poland, Slovakia
    Infrastructure
                                                      Krakow (PL) 180 km




                               Prague
     Brno (CZ) 120 km

                                                                      Bratislava
                                                                      Bologna
                                                                      Basel
                                Cargo                                 Split

                                                                                        Vienna
                                                                                        Prague
                                                                                        Bratislava
                                                                                        Poprad


                  Alt major

                                                                           –
                  European cities
                                                                               Highway in operation
                                                                           –   Under construction
                                                                           –   To be completed by 2015

Vienna (A)

All major
European &
World cities

 Source: National Motorway Company, 2010 and Slovak Airports
    Education in Slovakia

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




  West Slovakia
  university region

                                                          Central Slovakia
                                               40,39%     university region



          37,17%



                                                                          Number of universities: 33
                                                                          Number of Students in 09/10: 211 553
                                                                          (Bachelor + Master's degree)
                                                                          Number of PhD. Students in 09/10: 10 145
                      No education
  Bratislava
                      Elementary school                                   Graduates in 2009: 60 696
  university region
                                                                          (Bachelor + Master's degree)
                      Secondary General School
                                                                          PhD. Graduates in 2009: 1 669
                      Secondary Vocational School
                      University education


Source: The Institute for the Information and the Prognosis in the Education, 2009
 Research and Development




I R&D and     I ICT and      I R&D in   I R&D in     I R&D in
 Design in     Software       Nuclear    Renewable    Electronics
 Automotive    Development    Power      Energy
Slovakia Success Stories
    Top 5 Investors by Country




                                   1
                                           2
                        3
             5                                     4
            Italy     Austria   Germany   South   France
                                          Korea



Source: SARIO, 2010
    Top 5 Investors 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
    Key Sector: Automotive




                                                                  207 128 cars/year 2009

                                             3rd PLACE
                                                  150 015                 cars/year 2009
                          IN WORLD CAR PRODUCTION

                                 106 000 cars/year 2009
                  PER 1000 INHABITANTS = 86 CARS



Source: SARIO, Slovak Automotive Industry Association ZAP, 2010
    Top 5 Export Products
                            I 1. Machinery, energy,
                             electrical, and AV equipment

                            I 2. Vehicles and transport


                            I 3. Base metals


                            I 4. Chemical & Mineral pds


                            I 5. Plastics and rubber




Source: SARIO, 2010
    Top 5 Export Destinations




                               20%
                                         13%
                      9%
          6%                                        7%
            Italy     France   Germany    Czech     Poland
                                         republic



Source: SARIO, 2010
WHY SLOVAKIA? - Top Reasons to Remember

1. Central European hub and favourable geographic location
with 350 milion potential costumers

2. Political & economic stability, member of
EU and Schengen area

3. 19% flat tax rate and 0% dividend tax

4. Availability of highly skilled workforce

5. Low labour costs vs. high labour productivity

6. Euro as an official currency from 2009

7. Large selection of industrial land and offices available
   for purchase/lease

8. Harmonised investment incentives

9. Infrastructure that is growing steadily

10. High innovation potential for R&D projects

11. A country of considerable natural beauty
SARIO Services – All Free of Charge




Foreign Trade Section                FDI Section

I Identification of potential        I Assistance in investment
 suppliers and subcontractors         implementation
I Monitoring free production         I Database of available real
 capacities                           estate
I Facilitation in establishing JVs   I Consultancy on state aid
I Online databases
Slovakia – Top Tourist Attractions
Thank you for your attention




For more information, you can contact me at:

Adress: SARIO
        Martinčekova 17
        821 01 Bratislava, SR

Tel.:  +421 2 58260 100
Email: sario@sario.sk

								
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