Slovakia » Outlook

Slovakia has focused on creating a business and investment friendly environment. The structural reform undertaken by Slovakia has succeeded in making it one of the best business locations within the European Union. Slovakia has enjoyed the membership of European Union and NATO since 2004. Being a member of such organizations has helped Slovakia create a smooth business environment that boosts the investors’ confidence. It is also a member of UN, OECD, WTO and UNESCO. Auto industry of Slovakia has drawn in most investments. Kia Motors, Ford Motor, Hyundai, Volkswagen are the names investing in Slovakia and drawing car manufacturers from around the world. Slovakia is believed to become a leading car manufacturer producing more cars per head than any other country in the world. Inflation in Slovakia according to December 2007 statistics was 2.5 per cent and unemployment rate had decreased to 10.3 per cent, the lowest level since 1994.