Itvisit

Slovakia, a place to do business

Slovakia – Growing Heart of Europe Strategic location with great export potential Source: SARIO, 2010
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

Member of the 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 d F inancial S tability
Source: SARIO, 2010

Macroeconomic Overview GDP growth GDP Prediction for 2011 EC 3 % OECD 3 . 6% National Bank of SR 3 . 4 % IMF 4 . 5 % MF SR 3 . 4 % GDP Prediction for 2012 OECD 4 .4 % Source: International Monetary Fund, Eurostat, Slovak Statistics Office, Central office of Labour, social affairs and family 2008 2009 2010 2011 1Q Real GDP growth 6 . 4% - 4 . 7% 4% 3.5% Labour productivity growth 3 . 8% 2 . 7 % 2.2% - HICP Inflation 4.6 % 0 . 9% 0.7% 3.4% Unemployment 7.7 % 1 1.4 % 14.4% 13 . 9% Average monthly gross salary (€) 723 744,5 769 746

2010: Highest GDP Growth in the Eurozone (in %) Source: Eurostat , February 2011

Source: www.standardandpoors. com , www.moodys.com , www.fitchratings.com , www.jcr.co.jp , www.r-i.co.jp , www.oecd.org Ratings & Outlook COUNTRY RATINGS (Sovereign foreign currency ratings) SLOVAKIA CZECH REPUBLIC HUNGARY POLAND BULGARIA ROMANIA A+ positive A A- stable BBB- n egative A- stable BBB stable BB+ stable A1 stable A1 stable Baa 3 negative A2 Stable Baa3 positive Baa3 stable A+ stable A+ p ositive BBB - stabl e A- Stable BBB- negative BB+ stable A + stable A stable BBB+ negative A- Stable BBB stable BBB- stable A stable A stable BBB stable A - stable OECD Country risk 0 0 0 2 4 4

Source: World Bank Group – Doing Business Report 20 1 1 Registering property Paying taxes Enforcing contracts Protecting investors Closing business Construction permits Methodology 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. Starting a business Trading across borders 1st Rank in CEE in DOING BUSINESS 201 1 ! Getting credit

Lower Labour Cost & Higher Labour Productivity 7 69 € Slovakia 9 76 € 23 951 CZK Czech Republic 806 € 3 224 ,9 8 PLN Poland 7 60 € 202 576 HUF Hungary Data for 20 10 Source: National Statistical offices of Czech R epublic, Hungary, Poland, Slovakia, Bulgaria, Romania exchange rate (as of 23 March 201 1 ) GDP (in PPS) per hour worked as compared to EU15 (100) Source: Eurostat 20 1 1 Gross monthly salary 472 € 1936 RON Romania 328 € 642 BGN Bulgaria Slovakia reaches the highest labor productivity

Simple and Fair Taxes Corporate Income Tax Personal Income Tax Value Added Tax - VAT Dividend tax Inheritance and Gift Tax Real Estate Transfer Tax R epatriation of profits 19% Flat Tax Rate Source: SARIO 2011 19% 0% 100% 20 %

Top 5 Investors by Country ( SARIO finalized projects) 1 3 5 2 4 Germany South Korea Austria France Italy Source: SARIO , 2010

Major German Companies in Slovakia SARIO helped to realize 55 investment projects in volume of 870 mil. EUR creating over 10 000 new jobs !

Top 5 E xport D estinations 20 % 9% 6% 13% 7% Germany Czech R epublic France Poland Italy Source: SARIO , 2010

TOP Sectors of Slovak Economy Automotive 1 st in world car production in 2010 Electronics Leading Slovak Exporter – driver of economic and technological growth SSC/ICT SR is becoming a hive of SSC and ICTs

Key S ector: Automotive Car P roduction in Slovakia Source: SARIO 201 1 , Slovak Automotive Industry Association ZAP,VW, KIA, PSA-Peugeot 1 st Place in 20 10 10 3 /1000 inhabitants in World Car Production/1000 inhabitants Full Capacity of 3 automobile companies 1,000,000 cars/year

Key Sector: Electronics Source: SARIO, 2010
Assembly of Bravia models for the European market doubled in 2008 to 4mil.
3D TV from April 2010
Production of LCD 10 mil pcs.
Assembly of LCD
Logistic center
Europe service center
3D TV from February 2010
Production of LCD moduls
Only 1 in Europe
Headquarter for Europe
3000 new jobs
Investment 191,3 mil Eur

Key Sector: ICT / SSC s Over 48 SSCs & CCs … employing > 25 800 + professionals
Unique clustering of shared services and IT support creates a fast-paced, enthusiastic IT environment
Advanced wireless technologies – Flash-OFDM, WiMAX, HSDPA – covering large majority of the population
High population density and low deployment costs making development and experiments easier than ever

Key Facts Why to Consider Slovakia for R&D Source: Statistical Office of the Slovak Republic, 2011
Highly qualified human resources at affordable costs
Presence of production plant operation in high-tech and medium high-tech industries
Presence of foreign R&D centres and technology clusters
Broad domestic R&D and innovation network
Established cooperation between industries and domestic universities
R&D incentives
„ The main reason why we decided to establish R&D in Slovakia is the fact that Slovakia is still considered to be a Best – Cost – Country; secondly, the region of Banska Bystrica we chose offers well educated and qualified young engineers and furthermore our plant in Zvolen is in the closet proximity to the Technical University of Zvolen“ Gerhard Baucke – Plant Manager, Continental Automotive Systems Slovakia

FDI and Technology Transfer
No. 5 in t he extent of bringing new technology to host country
1 = not at all; 7 = FDI is a key source of new technology
Source: The Global Competitiveness Report 2010-2011, World Economic Forum, 2010

Success Story: Ultra light-weight carbon fibre C2i, s.r.o. Dunajská Streda
Company is developing and manufacturing ultra light-weight carbon-fibre structures from premium automotive, satellite communication, defense and electric cars sector
Complete service from design to prototype to series production of advanced composites components
Cooperation with Airbus, Eurocopetr, FACC, Porsche, Audi, BMW, Bentley.
Source: www.c2i.sk

Material Research in Slovakia
T he most successful applied research institute within SAS
Aluminium foam – the unique technology used through cooperation with Austrian company Alulight International GmbH in Ferrari, Audi and many other manufacturers..
Source: www.sav.sk

Developing Sector in Slovakia: Biotechnology The most biotechnology organizations and research institutions are located in Bratislava region. Three universities are active in the field of biotechnology and several Slovak Academy of Sciences institutes are doing research on biotechnology. Associations: Slovbiotech - Slovak Association for Industrial Biotechnology – www.slovbiotech.sk SAFS – Slovak Association of Research Based Pharmaceutical Companies – www.safs.sk

More Success Stories: Corporate R &D Centres

Success Stories & FDI I nflow to Slovakia Source: National Bank of Slovakia 2010, SARIO, 2010 Country of Origin Investor USA US Steel , Emerson, DELL EMEA Centre of Excellence, Whirlpool, IBM International Services Centre, HP European IT Operation Centre, Johnson Controls R&D Centre, AT&T, Accenture Technology Solutions, Getrag Ford (Deutschland) China LENOVO Taiwan AU Optronics , ESON, Foxconn, Delta Electronics Germany Siemens, Volkswagen, T-Systems Japan Sony, Panasonic, Yazaki, Mitsui Sumitomo Korea Samsung, KIA Motors, Hyundai Mobis France PSA Peugeot Citroen , Alcatel R&D

Great Brands Gather in Slovakia Source: SARIO , 2011

SARIO Who We Are government funded organization under the direction of the Ministry of Economy of the Slovak Republic MISSION EXECUTED THROUGH 3 CORE SECTIONS Foreign Direct Investment s Foreign Trade Structural Funds of the EU

SARI O Services
From providing
General services & information to all subjects interested in FDI in Slovakia
Tailor-made solutions for potential investors exploring Slovakia such as Best Location for Your Investment/Expansions
Through
Assisting in applying for STATE AID for investments into:
INDUSTRY
SHARED SERVICE CENTERS
R&D CENTERS
TOURISM
Support foreign trade via match-making & subcontracting activities
To
AFTERCARE services - for established foreign companies
F ree of Charge Services

ISA is an association of corporate entities and companies doing business in Slovakia Investment Support Association, ISA ISA represents companies of all sectors operating in Slovakia, offering a wide range of professional services for investors enabling smooth implementation of t heir investment objectives

Golf opportunities Beautiful mountains Aqua parks Wellness Small Country of Great Opportunities Source: SARIO , 2010 Spa resorts A place where history meets future Delicious Slovak Food Rafting Skiing opportunities Visit the mysterious caves Charming Castles

Thank you for your attention!
For more information, you can contact us at:
Slovak Investment and Trade Development Agency
Address Martincekova 17
821 01 Bratislava
Slovak Republic
Tel +421 2 58260 100
Email [email_address] ; [email_address]

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Itvisit

by Italoblog on Nov 02, 2011

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