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SLOVAKIA Ideal Investment & Business Destination

Norwegian – Slovak Business Forum Oslo, Norway 10.6.2010 Norsk - Tysk Handelskammer. SLOVAKIA Ideal Investment & Business Destination. Slovakia – Heart of Europe. Establishment: 1st January 1993 Official name: Slovak Republic Area (km2): 49,035 Population: 5,379,000

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SLOVAKIA Ideal Investment & Business Destination

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  1. Norwegian – Slovak BusinessForum Oslo, Norway 10.6.2010 Norsk - TyskHandelskammer SLOVAKIAIdeal Investment & Business Destination

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

  3. Independent Slovakia 1.1.1993 European Union member 1.5.2004 EURO Zone 1.1.2009 Flat tax 19% 1.1.2004 14.12.2000 member of OECD 21.12.2007 Fully member Schengen zone 29.3.2004 member of NATO Journeyof Slovakia

  4. 2009 MacroeconomicOverview A1 positive outlook GDP growth(2009) 2008 Real GDP growth6,4% Labour productivity growth5,8 % Real wages growth3,3% HICP Inflation3,9 % Unemployment9,6% Average monthly salary (€)723 -3,21% Real wages growth(4rd Q 2009) 1,6% 744 EUR Monthly salary(2009) productivity 12,5% Unemployment(April. 2010) 1,1% Inflation(JAN.2010) A+ stable outlook A positive outlook

  5. 1st rank in CEE in DOING BUSINESS 2010 ! OECD: 3,6% Growth of GDP in 2010 in Slovakia Methodology Starting a business Construction permits Employing workers Paying taxes Enforcing contracts The Doing Business project provides objective measures of business regulations and their enforcement across 183 economies and selected cities at the subnational and regional level. Protecting investors Closing business Trading across borders Source: World Bank Group – Doing Business Report 2010

  6. 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

  7. Simple and Fair taxes • Dividend tax • Inheritance and Gift Tax • Real Estate Transfer Tax • No limits on the Repatriation of profits 19% flat tax rate • Corporate & Personal Income Tax • Value Added Tax

  8. Low labour cost vs high labour productivity Labour productivity 942 € Czech Republic 843 € Poland 792 € Hungary 723 € Slovakia Data for 2008

  9. Education in Slovakia Eastern Slovakia university region Western Slovakia university region Central Slovakia university region Number of universities:11 Total Number of Students in 08/09: 208 072 Graduates in 08/09: 58 447 Bratislava university region

  10. Infrastructure Krakow (PL) 180 km Prague Brno (CZ) 120 km Bratislava Bologna Basel Split Cargo Vienna Prague Bratislava Poprad Alt major European cities Vienna (A) All major European & World cities

  11. SLOVAK INVESTMENT AND TRADE DEVELOPMENT AGENCY - SARIO SARIODoingbusinesswithus

  12. SARIO – The right place for your business THE MISSION OF SARIO • To present the business environment in Slovakia • To maximize the inflow of foreign direct investments to Slovakia • To support foreign trade via match-making, as well as via subcontracting activities • Administration of structural funds Founded in 2002 by the Slovak government and put under the direction of the Slovak Ministry of Economy.

  13. SARIO – ForeignTradeSection - 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 foreignmissions • Assistance to SME related to their promotion abroad at exhibitions, workshops • Help and supportofJointVentureprojects • Subcontractingactivities • On-line database - Project of Slovak exporters and their updateofferings – matchmaking services • SIC - SARIO Information centre • Foreigncooperation – Specialists on territories, propagationofslovakproducts, marketanalysis, contacts and informationsharing SERVICES ARE FREE OF CHARGE

  14. SARIO FDI Section SARIO FDI Section - services • Assistance in implementinginvestmentprojects • Analyses of labor market, taxation,legislation, macroeconomics etc. • Advice on issuesrelated to starting a business • Sectorial and regionalanalyses • Selection and recommendation on ideal location and suitable real estate • Facilitation of communication with national and local authorities, self- governmentbodies • Consultancy in the area of state aid andassistancewithapplications for investment incentives • Aftercareservicesforforeignedinvestorsalreadyoperating in the Slovak Republic • Assistance in finding Slovak partnersforjoint-venture or suppliers SERVICES ARE FREE OF CHARGE

  15. SARIO STRATEGIC PROJECTS Creationof 65 000 jobs in 2002-2008 Source: SARIO 2010

  16. Top 5 investors in Slovakia by sector • 1. Automotive • 2. Machinery • 3. Electrotechnical • 4. Chemical • 5. IT services Source: SARIO, National Bank of Slovakia, 2010

  17. SIC – SARIO INFORMATION CENTRE www.sic.sario.sk At SIC you can find following: Good suppliers Slovak subcontracting companies operate in the following industries: Investment partners Information about international tenders - Mechanics - Electro mechanics - Electronics - Plastic and rubber - Wood and furniture - Textile and clothing Partners for joint ventures New subcontractors

  18. AutomotivedatabaseforVW Slovakia, PSA PEUGEOT CITROEN, KIA and possibleinvestors JAC Motors - China, REVA – India, FIAT – Italy = ElectricCars Goal: • Creation of the Slovak suppliers database in the automotive industry Vision: • Reinforce Research and Development in the field of automotive industry 105 Cars per 1000 Habitants in 2008

  19. CLUSTERS DATABASE CLUSTERS OF WESTERN SLOVAKIA Cluster for Robotization and Automatization - Prešov Kys.Nové Mesto 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

  20. Norwegian – Slovak BusinessRelations Export from Slovakia to Norway: 77 SlovakianCompanies Import in Slovakia fromNorway: 49 SlovakianCompanies Export from Slovakia to Norway– cars, paper and cellulosewad, cargowagon, electrictransformers and converters, waterproofshoes, carbonelectrode, cords and ropesandplanerollingproducts ExportfromNorway to Slovakia - ferroalloy, chemicalwoodcellulose, unenamelpaper and cardboard, electrictransformers, machinery and itsequipment, fluorites. List of 123 Slovak companieslookingforcooperationpartners in Norwayavailable on slovcomm@online.no

  21. SpecialinterregionalcooperationbetweenMore ogRomsdalregion in Norway andPresovregion in theEastern Slovakia 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 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.

  22. Main Investors from Norway in Slovakia KongsbergAutomotive – Driveline, Vráble NORSKHYDRO - Slovalco, Žiar nad Hronom TIMM- TIMM Slovakia, Trenčín Bratislava CoopNorge, Oslo Domex-Interier-Export, LinstowAirport Bratislava, Verdispar, CEPM, VIZADA (Telenor) Slovakia, Oslo REMA 1000, VERDISPAR, Blomquist Bratislava

  23. The Royal Norwegianvisit to SlovakiaOctober 2010 • B2B negotiations between Norwegian and Slovak Companies • 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 and Innovation SARIO IN COOPERATION WITH INNOVATION NORWAY

  24. 4th Slovak MatchmakingFair 2010 in partnershipwithFrance 9 – 10 November 2010, Venue: Agrokomplex Nitra International Business Networking • Engineering • Automotive Industry • Electrotechnics • Power Industry and Renewable Energy • Chemistry • IT Technologies Programme • Partners presentations • B2B negotiations • Round tables • Special conference

  25. Thankyouforyourattention 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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