SARIO Newsletter September 2011

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The Slovak Investment and Trade Development Agency (SARIO) is a government-funded allowance organization that works under the supervision of the Ministry of Economy of the Slovak Republic. SARIO’s primary objective is to improve the standard of living of Slovak citizens by increasing employment and reducing regional disparities.

Mission
The mission of SARIO is to promote growth and economic development, and improve the quality of life in Slovakia.

Vision

SARIO works actively to make the Slovak Republic a country with a well developed economy and an educated population with a high quality of life. In order to achieve these goals, SARIO utilises valuable contacts both in Slovakia and abroad.

Strategic Objectives
-Applying an effective framework for the support of foreign investors and increasing the portion of investors with high value-added production.
-Supporting such export activities of Slovak enterprises that would significantly increase the turnover of Slovak foreign trade.
-Qualified and effective administration of EU Structural Funds, which provide support for activities within the framework of Foreign Direct Investment and Foreign Trade (infrastructure development, intensification of international cooperation, and image-building of the Slovak Republic).

Key Activities
creating a suitable investment and “business-friendly” environment in Slovakia;
supporting investment projects of domestic and foreign investors and providing all necessary ancillary services;
providing consultancy and finding solutions regarding individual state aid to investors;
searching for and database-creation of available premises;
providing assistance as far as creation of joint-ventures between Slovak and foreign companies is concerned;
assisting small and medium sized enterprises in their search for export and trade opportunities abroad;
assisting local authorities, small, and medium sized enterprises with their application for EU Structural Funds’ Grants (within the jurisdiction of SARIO) and helping them with the implementation of their projects.

Awards
After the first international award for SARIO, the ‘European IPA Award‘ of 2003, the international prestige of foreign investment’ services delivered by the Slovak Investment and Trade Development Agency was recognized again in 2007 when SARIO won ‘Best European Investment Agency Award for High-Tech‘ at the World Investment Conference in La Baule (France).

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SARIO Newsletter September 2011

  1. 1. NewsletterSlovak Investment and Trade Development Agency September / 2011 SARIO closer to investors More on page 9 1
  2. 2. INVESTMENT NEWSFIĽAKOVO CONFIRMEDT he limited liability Dometic Group, plans to a new product. The Slovak company Dometic create 450 to 500 new jobs Agency for Investment Slovakia, which is in Filakovo in southern and Trade Developmentpart of the Swedish world- Slovakia. The company (SARIO) helped toleading provider of leisure has decided to extend its accomplish Domestic Group’sproducts for the caravan, production of caravans and investment in Slovakia.motor home, automotive, yacht accessories in Slovakiatruck and marine markets and launch production of 2
  3. 3. INVESTMENT NEWSMORE TV SETSThe No. 3 TV set manufacturer in Slovakia, Universal Media Corporation(UMC) Slovakia, is planning to open 200 new jobs and double its output.I ts installation in Nove of new contracts. “We produce TV sets in Slovakia,” Mesto nad Vahom are in the final stage of said UMC Slovakia’s Vice- makes use of changes on talks with two renowned President, Aslan Khabliev.international markets and Japanese companies, foris very close to conclusion which we are expected to 3
  4. 4. INVESTMENT NEWS EXPANSION IN THE EAST Austrian logistics company Nothegger is building its second center in Slovakia between the municipalities of Klcov and Spissky Hrhov near Levoca. T he investor will during the second stage. spend EUR 200,000 Construction work will be on 230-square meter completed in August 2012. storage facility in the first The company has not yet stage. Another 1-million-euro disclosed the number of new building stretching on 1,000 jobs the project will create. square meters will be added 4
  5. 5. INVESTIMENT NEWS NEW JOBS T he company ArcelorMittal Tailored Blanks Senica plans constructing a EUR 15 million factory in the Senica industrial park, creating 70 new jobs. T he limited liability company Webasto - Edscha Cabrio Slovakia will build a new production plant worth EUR 13 million in Velky Meder. The facility is expected to give work to 300 people. 5
  6. 6. ECONOMY NEWSNEW PLAYERS WITH GASNew players aremushrooming on the J &T plans to join the competition for households via the company United to families as of January 1, 2012. Another fledgling on the given market is thegas supply market Energy Trading. They should firm Europe Easy Energy.in Slovakia. start supplying electricity 6
  7. 7. ECONOMY NEWSSLOVAKIA WITHOUTPOLITICIANSSlovakia would look completely different if itwas governed not by politicians but by experts.C hristmas pensions of ministries exceed the sale of superfluous property. only for the poorest means of the state budget. “Their adoption would not pensioners, a unified 20 Two weeks ago the sum have a significant impact% VAT rate, fewer offices and they required stood at EUR on the economy or thestate chalets – these changes 2.5 billion but for now they consumption of households,”could direct hundreds of slashed it to EUR 1.6 billion. Radovan Durana of themillions of euros to the state Experts, however, prefer INESS institute elaborated.coffers, according to several spending cuts, cancellationaddressed analysts. Demands or merger of offices and the 7
  8. 8. SARIO NEWSINVESTMENT ROADSHOWIN GERMANYSARIO presented our country in the Federal Republic of Germany.SARIO in cooperation with the Ministry of Economy of the SRprepared a series of investment seminars and individual meetings.T he investment seminars German businessmen them into future projects, „ program included appreciated the plans to R.Šimončič, CEO SARIO said. as well speeches remove administrativeof established foreign burdens for businesses.investors in Slovakia who Germany is the mostpresented their first hand important business partnerexperience with Slovak „Slovakia is predestined to of Slovakia and it is alsobusiness environment. become the center of the the country of origin of the subcontracting system for largest volume of investment. the automotive industry Moreover Germany leadsSARIO showcased Slovakia because of its coverage in our the ranking of investorsas a country suitable for and neighboring countries. with finalized projects thatother forms investments I am glad that news signals were established in Slovakianot only in the automotive are coming from German thanks to SARIO assistanceindustry but especially in investors and I believe thatthe subcontracting sector. SARIO will be able to turn 8
  9. 9. SARIO NEWSSARIO CLOSERTO INVESTORSSARIO will get closer T “The aim of the Corporate he latest trend Development is the support in the foreignto the investors. The of successful and satisfied direct investmentagency is reinforcing investors in order to secure development shows that theits support to further expansion projects. established foreign investors I believe that our partners have good experience withthe investors. will appreciate our effort Slovakia; they appreciate its to offer the added value. effort to simplify and improveS ince the expansions I am sure that we are the business environment. of established foreign getting closer to our aim SARIO will provide under the companies form one – to turn SARIO into the „Corporate Development“third of the total volume of gateway for the investment the established foreignits projects and this trend of influx to Slovakia”, Robert investors with the individualgrowing expansions share in Šimončič, SARIO CEO said. client service free of charge.the total number of finishedprojects will be increasing.Our services: 9
  10. 10. UPCOMING EVENTS Business Friendly Slovakia Seminar Are you Agenda • Interested to expand or 09:30 - 10:00 Registration and refreshment become a supplier 10:00 - 10:05 Official Opening Ján A. Havelka, SARIO CEO Advisor of reputable companies? 10:05 - 10:25 Welcome Speech • Curious about KIA´s success Róbert Šimončič, CEO SARIO story and its future plans? 10:25 - 10:45 Keynote: KIA - Why Slovakia? Dušan Dvořák, Senior manager PR, KIA Motors Slovakia • Looking for first hand information about doing 10:45 - 11:05 Our story of a successful supplier Matúš Kuzmiak, Legal Specialist, business in Slovakia? Mobis Slovakia 11:05 - 11:20 Introduction to ISA (Investment Business Friendly Slovakia Support Association) Seminar is here for you! 11:20 - 11:40 Czech and Slovak business environment Michal Toman, Consultant, PricewaterhouseCoopers Slovensko Thursday, October 6, 2011 11:40 - 12:00 Finance your business plan Fabio Bini, Head of International 9:30 - 12:00 a.m. Desk, Unicredit Bank Slovakia Pavillion P, hall P3 12:00 - 12:15 Q&A More information: http://www.sario.sk/?business-friendly-slovakia-brno 10
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  12. 12. UPCOMING EVENTS 5th Slovak Matchmaking Fair 22nd November 2011, Holiday Inn, Žilina, Slovakia Auspices: The Ministry of Economy of the Slovak Republic Partner region: Žilina Region, represented by Self-governing Region Žilina SARIO has the pleasure to invite you to an international matchmaking event, which offers a unique opportunity to meet under one roof the representatives of companies from Slovakia and other countries active in your industry sector in order to find new suppliers through bilateral negotiations and your new business partners. Focusing on presentation of: - bilateral negotiations between local and foreign business subjects - subcontracting offers - partnership - tenders - available production capacities - joint-venture proposals This event is designed for the professionals from engineering, automotive, electrotechnics, chemical, wood, energy and IT. 12
  13. 13. E-mail: marketing@sario.skWeb: www.sario.skUpozornenie:Tento Newsletter neposkytuje záväzné právne stanoviská. SARIO nenesie zodpovednosť za škoduspôsobenú nesprávnym použitím informácií na nej uvedených.Zdroj použitých obrázkov: archív SARIO, stock.XCHNG, istockphoto

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