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SLOVAKIASLOVAKIAIdeal Investment & Business Destination Ideal Investment & Business Destination
Norwegian – Slovak Business ForumNorwegian – Slovak Business ForumOslo, Norway 10.6.2010Oslo, Norway 10.6.2010
Norsk - Tysk HandelskammerNorsk - Tysk Handelskammer
Slovakia – Heart of EuropeSlovakia – 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
I Official currency: EURO
I Official Language: Slovak
I Government: Parliamentary democracy
I Election term: 4 years
I Neighbours: Austria, Czech Republic, Hungary, Poland, Ukraine
I Time zone: GMT + 1hour
Strategic location with
great export potential
Journey of SlovakiaJourney of Slovakia
IndependentSlovakia
1.1.1993
14.12.2000member of OECD
European Union member
1.5.2004
29.3.2004member of NATO
21.12.2007Fully member Schengen zone
EURO Zone1.1.2009
Flat tax 19%1.1.2004
19%
Macroeconomic Macroeconomic OOverviewverview
A1 positive outlook
A+ stable outlook
A positive outlook
2008
Real GDP growth 6,4 %
Labour productivity growth 5,8 %
Real wages growth 3,3%
HICP Inflation 3,9 %
Unemployment 9,6%
Average monthly salary (€) 723
-3,21%
GDP growth (2009)
pro
du
ctiv
ity
1,6%
744 EUR
12,5%
1,1%
2009
Monthly salary (2009)
Real wages growth (4rd Q 2009)
Unemployment (April. 2010)
Inflation (JAN. 2010)
Source: World Bank Group – Doing Business Report 2010
Employing workers
Paying taxes
Enforcing contracts
Protecting investors
Closing business
Construction permits
Methodology
The Doing Business projectprovides objective measures of business regulations and their enforcement across 183 economies and selected cities at the subnational and regional level.
Starting a business
Trading across borders
1st 1st rank in CEE inrank in CEE in DOING BUSINESS 2010 ! DOING BUSINESS 2010 !
OECD: 3,6% Growth of GDP in 2010 in Slovakia
Member of EurozoneMember of Eurozone
€1st January 2009Slovakia 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 taxesSimple and Fair taxes
I Dividend tax
I Inheritance and Gift Tax
I Real Estate Transfer Tax
I No limits on the Repatriation of profits
19% flat tax rate
I Corporate & Personal Income Tax
I Value Added Tax
Low labour cost vs high labour productivityLow labour cost vs high labour productivity
Labour productivity
723 €Slovakia
942 €Czech Republic
843 €Poland
792 €Hungary
Data for 2008Data for 2008
Education in SlovakiaEducation in Slovakia
6,75%
40,39%
37,17%
15,68%
0,01%
No education
Elem entary school
Secondary General School
Secondary Vocational School
Univers ity education
Bratislava
university region
Western Slovakia university region
Eastern Slovakia university region
Central Slovakia university region
Number of universities: 11Total Number of Students in 08/09: 208 072Graduates in 08/09: 58 447
InfrastructureInfrastructure
Vienna (A)
BratislavaBolognaBaselSplit
ViennaPragueBratislavaPoprad
Alt major European cities
All major European & World cities
Prague
Cargo
Brno (CZ) 120 km
Krakow (PL) 180 km
SSARIOARIODoing business with usDoing business with us
SLOVAK INVESTMENT AND TRADE SLOVAK INVESTMENT AND TRADE DEVELOPMENT AGENCY - SARIODEVELOPMENT AGENCY - SARIO
SARIO – The right place for your businessSARIO – The right place for your business
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
Founded in 2002 by the Slovak government and put under the direction of the Slovak Ministry of Economy.
SARIO – SARIO – Foreign Trade Section - servicesForeign 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 CHARGESERVICES ARE FREE OF CHARGE
SARIO FDI SectionSARIO FDI Section
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 CHARGESERVICES ARE FREE OF CHARGE
SARIO FDI Section - servicesSARIO FDI Section - services
SARIO STRATEGIC PROJECTSSARIO STRATEGIC PROJECTS
Company nameCountry
of origin
JobsInvestmentsmil EUR
Location
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
GFT Germany/USA
787 345 Kechnec
AUO Taiwan 3000 191,3 Trenčín
ICU Medical USA 700 14 Vráble
Source: SARIO 2010 Creation of 65 000 jobs in 2002-2008 Creation of 65 000 jobs in 2002-2008
Top 5 investors in Slovakia by sectorTop 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 CENTRESIC – SARIO INFORMATION CENTRE
At SIC you can find following:
Good suppliers
- Mechanics- Electro mechanics
- Electronics- Plastic and rubber- Wood and furniture- Textile and clothing
Investment partners
Information about international tenders
Partners for joint ventures
New subcontractors
Slovak subcontracting companies operate in the following industries:
www.sic.sario.skwww.sic.sario.sk
Automotive database for VW Slovakia, PSA PEUGEOT Automotive database for VW Slovakia, PSA PEUGEOT CITROEN, KIA and possible investors JAC Motors - CITROEN, KIA and possible investors JAC Motors - China, REVA – India, FIAT – Italy = Electric Cars China, REVA – India, FIAT – Italy = Electric Cars
Goal:
I Creation of the Slovak suppliers database in the automotive industry
Vision:
I Reinforce Research and Development in the field of automotive industry
105 Cars per 1000 Habitants in 2008105 Cars per 1000 Habitants in 2008
Humenne Košice
Poprad
Sladkovicovo
Malacky
Vrable
D.N. Ves
Bratislava
Lozorno
Trnava
Žilina
Kys. Nové Mesto
Trenčín
Dubnica n.Váhom
Martin
Nitra
HlohovecNové M. n. Vahom
Galanta
Presov
Banská Bystrica
Zvolen
CLUSTERS DATABASECLUSTERS DATABASECLUSTERS OF WESTERN SLOVAKIA
CLUSTERS OF MIDDLE AND EASTERN SLOVAKIA
Detva
Cluster for Robotization and Automatization -
Prešov
Norwegian – Slovak Business Relations Norwegian – Slovak Business Relations
Export from Slovakia to Norway: 77 Slovakian CompaniesExport from Slovakia to Norway: 77 Slovakian Companies
Import in Slovakia from Norway: 49 Slovakian CompaniesImport in Slovakia from Norway: 49 Slovakian Companies
Export from Slovakia to Norway 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
ExportExport from Norway to Slovakia 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 List of 123 Slovak companies looking for cooperation partners in Norway available on partners in Norway available on
Special interregional cooperation between Special interregional cooperation between More More og Romsdalog Romsdal region in Norway and Presov region region in Norway and Presov region in the Eastern Slovakiain the Eastern Slovakia
Opportunities for cooperation: 22.-23.9.2010, PresovBusiness mission of Norwegian companies to the Presov region
Machinery (automatization and robotics):Chemosvit, a.s. (www.chemosvit.sk) - subcontract, joint ventureSpinea 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 companiesTesla a.s. (www.tesla.sk) - subcontract
Pharmacy: IMUNA PHARM, a. s.(www.imuna.sk) – subcontractUniversity of Presov: Research of DNA, [email protected] - cooperation
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.
Main InvestorMain Investorss from Norway in Slovakia from Norway in Slovakia
Kongsberg AutomotiveKongsberg Automotive – – Driveline, VrábleDriveline, Vráble
NORSKNORSK HYDROHYDRO - - Slovalco, Žiar nad HronomSlovalco, Žiar nad Hronom
TIMMTIMM - - TIMM SlovakiaTIMM Slovakia, Trenčín, Trenčín
Bratislava Coop NorgeBratislava Coop Norge, , Oslo Domex-Interier-Oslo Domex-Interier-Export, Export, Linstow Airport BratislavaLinstow Airport Bratislava, , VerdisparVerdispar, , CEPM, CEPM, VIZADA (Telenor) Slovakia, VIZADA (Telenor) Slovakia, Oslo REMA Oslo REMA 10001000, , VERDISPAR, VERDISPAR, Blomquist BratislavaBlomquist Bratislava
The Royal Norwegian visit to SlovakiaThe Royal Norwegian visit to SlovakiaOctober 2010October 2010
I B2B negotiations between Norwegian and Slovak Companies
I Round tables with a specific topics in the field of Renewable Energy and Infrastructure
Looking for more cooperation between Norway and Slovakia in the
field of Research and Development
andInnovation
SARIO IN COOPERATION WITH INNOVATION NORWAYSARIO IN COOPERATION WITH INNOVATION NORWAY
44thth Slovak Matchmaking Fair 2010 Slovak Matchmaking Fair 2010 in partnership with France in partnership with France 9 – 10 November 2010, Venue: Agrokomplex Nitra 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 attentionThank you for your attention
PhDr. Juraj Haško
For more information, you can contact us at:
Adress: SARIOMartinčekova 17
821 01 Bratislava, SR
Tel.: +421 910 828 251Email: [email protected]
Website: www.sario.sk
Embassy of the Slovak Republic