Slovakia » Why Invest?

At the heart of Central Europe lies the beautiful country, Slovakia. It is a country blessed with mesmerizing scenic views where the glacial lakes with crystal-clear waters flow in the midst of the quiet valleys and the towering mountains stand majestically watching the stunning scene. Apart from the natural beauty in Slovakia there are the intriguing castles, restored palaces and ruins that add a distinctive charm to it.

Slovakia earned the name of ‘Tatra Tiger’ because of the economic boom the country witnessed. The name ‘Tatra’ comes from the Tatra mountain range. The stability of Slovakia during the last ten years and the fact that the country is now opening up to tourism makes it an attractive destination for investments. Slovakia makes an ideal destination for business investment because of its investment friendly policies that have yielded positive results.

 

• Slovakia has an open market economy.
• Slovakia is placed at a strategic location as it serves as a bridge between Western and Eastern Europe and has easy access to neighbouring countries.
• With a thriving economy, Slovakia has earned the reputation of being a leader in the Central European region and has proved to be a successful example for other EU countries to follow.
• There is macroeconomic and political stability in Slovakia.
• Support for private entrepreneurship in Slovakia encourages investment.
• The tax system of Slovakia is fair, simple and effective.
• There is steady inflow of foreign investment.
• Big companies like U.S. Steel, Dell Computer Corporation, Johns Manville, Peugeot-Citroen, Hyundai, Kia Motors, Ford Motors, Volkswagen and IBM are investing in Slovakia.
• Property prices are rising as there is increased desire of home ownership and massive demand for better quality housing.
• Developing mortgage market of Slovakia is another plus point.
• Low labour costs along with political stability  create an inviting situation for those interested in investment in Slovakia.
• Banking sector of Slovakia has strengthened after privatization with 97% of foreign ownership.
• New social reforms have been introduced for further improvement with focus on achieving living standards comparable to those of the most advanced European countries.
• Advanced science and technology sector.
• Improving infrastructure.
• Strong economic growth, highest in the entire region serves to  boosts the investor confidence.
• The Financial time described Slovakia as the Detroit of the East.
• Slovakia offers quality education.
• Slovakia boasts of an educated  and creative population and a well-trained, skilled workforce.
• Sectors drawing foreign investment are engineering, electronics, business process outsourcing and ICT. a pharmaceutical sector, biotechnology and in tourism promises a lot of potential for growth and investment. Automotive sector is fastest growing sector of Slovakia.
• Government is increasingly focusing on promoting pro-investment economic reforms