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.
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.
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.
Wroclaw agglomeration sector analyses automotive industryInvest in Wroclaw
In respect to the automotive industry in Poland, Wroclaw and Lower Silesia constitute a particularly distinctive region, which strength region stems from the industrial tradition, existing and developing Polish firms and a large number of foreign investors, who established their manufacturing plants in Poland. Lower Silesia has been consistently improving its potential in the automotive industry through the development of transport infrastructure, development of human resources, increasing technical education, and closer cooperation with individual companies from the automotive industry and clusters that operate in Central Europe.
The Russian automotive sector continues to go from strength to strength, ignoring the global woes. Reminiscent of the heady, pre-crisis days when Europe and the US were in the doldrums the Russian juggernaut powered on regardless and briefly became Europe’s biggest car market ; right up until the foreign cash poured out of Russia following the August 2008 conflict in South Ossetia. Alexander Rogan reports.
Tendencies in the car logistics sector of the RF. In terms of new passenger car sales, Russia takes second place in Europe (following Germany) and seventh in
the world (between India and France). According to forecasts published by BDW Automotive, by 2014 Russia
will become the largest car market in Europe.
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.
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.
Wroclaw agglomeration sector analyses automotive industryInvest in Wroclaw
In respect to the automotive industry in Poland, Wroclaw and Lower Silesia constitute a particularly distinctive region, which strength region stems from the industrial tradition, existing and developing Polish firms and a large number of foreign investors, who established their manufacturing plants in Poland. Lower Silesia has been consistently improving its potential in the automotive industry through the development of transport infrastructure, development of human resources, increasing technical education, and closer cooperation with individual companies from the automotive industry and clusters that operate in Central Europe.
The Russian automotive sector continues to go from strength to strength, ignoring the global woes. Reminiscent of the heady, pre-crisis days when Europe and the US were in the doldrums the Russian juggernaut powered on regardless and briefly became Europe’s biggest car market ; right up until the foreign cash poured out of Russia following the August 2008 conflict in South Ossetia. Alexander Rogan reports.
Tendencies in the car logistics sector of the RF. In terms of new passenger car sales, Russia takes second place in Europe (following Germany) and seventh in
the world (between India and France). According to forecasts published by BDW Automotive, by 2014 Russia
will become the largest car market in Europe.
1.4.2011 v štvor hviezdičkovom hoteli GATE One Bratislava sa uskutoční charitatívna módna prehliadka.
Počas večera sa uskutoční dražba z ktorého výťažok poputuje na charitu-pre nadáciu prvej dámy SR Silvii Gašparovičovej , ktorá sa osobne počas večera zúčastní.
Pozvanie prijal aj čestný hosť z New Yorku , prezidentka americkej pobočky Nadacie Plus421Foudation Eva Jurinová.
Saturday, December 15, 2012
6:00pm until 9:00pm
@ the Bohemian National Hall, 321 East 73rd Street New York, NY 10021
PROGRAM OF THE EVENING:
- Menorah lighting ceremony
- Yiddish Songs, brought to us by the world-renown performer, Iva Bittova
- Short piano recital by Peter Breiner
- Family friendly entertainment with children’s games
- Music & dance party by DJ Eitan Noyze
- Drinks and Hors D’oeuvres
- Plenty of opportunity to see old friends and to make new
Ludske prava v medzigeneracnom dialogu program konferencie+421 Foundation
ĽUDSKÉ PRÁVA V MEDZIGENERAČNOM DIALÓGU
KONFERENCIA POD ZÁŠTITOU
PODPREDSEDU VLÁDY A MINISTRA ZAHRANIČNÝCH VECÍ A EURÓPSKYCH ZÁLEŽITOSTÍ SLOVENSKEJ REPUBLIKY MIROSLAVA LAJČÁKA
14. DECEMBRA 2012, HOTEL BÔRIK, BRATISLAVA
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.
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).
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).
This document brings together a set
of latest data points and publicly
available information relevant for
Manufacturing Industry. We are very
excited to share this content and
believe that readers will benefit from
this periodic publication immensely.
This document brings together a set
of latest data points and publicly
available information relevant for
Manufacturing Industry. We are very
excited to share this content and
believe that readers will benefit from
this periodic publication immensely
Inspiration book 2019 - Factories of the Future use casesGeert Jacobs
As a manufacturing company, how can you arm yourself against future challenges? How do other
companies approach this and who is taking the lead in Belgium?
In this inspirational booklet, 12 manufacturing companies share their keys to success. Discover how and
where your company can also make a difference.
LAVAL TECHNOPOLE International Business Center Newsletter -
Spring 2014 issue with Show Canada, Fourgons Transit , BONE Structure, Devrun and Sotech Nitram
1.4.2011 v štvor hviezdičkovom hoteli GATE One Bratislava sa uskutoční charitatívna módna prehliadka.
Počas večera sa uskutoční dražba z ktorého výťažok poputuje na charitu-pre nadáciu prvej dámy SR Silvii Gašparovičovej , ktorá sa osobne počas večera zúčastní.
Pozvanie prijal aj čestný hosť z New Yorku , prezidentka americkej pobočky Nadacie Plus421Foudation Eva Jurinová.
Saturday, December 15, 2012
6:00pm until 9:00pm
@ the Bohemian National Hall, 321 East 73rd Street New York, NY 10021
PROGRAM OF THE EVENING:
- Menorah lighting ceremony
- Yiddish Songs, brought to us by the world-renown performer, Iva Bittova
- Short piano recital by Peter Breiner
- Family friendly entertainment with children’s games
- Music & dance party by DJ Eitan Noyze
- Drinks and Hors D’oeuvres
- Plenty of opportunity to see old friends and to make new
Ludske prava v medzigeneracnom dialogu program konferencie+421 Foundation
ĽUDSKÉ PRÁVA V MEDZIGENERAČNOM DIALÓGU
KONFERENCIA POD ZÁŠTITOU
PODPREDSEDU VLÁDY A MINISTRA ZAHRANIČNÝCH VECÍ A EURÓPSKYCH ZÁLEŽITOSTÍ SLOVENSKEJ REPUBLIKY MIROSLAVA LAJČÁKA
14. DECEMBRA 2012, HOTEL BÔRIK, BRATISLAVA
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.
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).
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).
This document brings together a set
of latest data points and publicly
available information relevant for
Manufacturing Industry. We are very
excited to share this content and
believe that readers will benefit from
this periodic publication immensely.
This document brings together a set
of latest data points and publicly
available information relevant for
Manufacturing Industry. We are very
excited to share this content and
believe that readers will benefit from
this periodic publication immensely
Inspiration book 2019 - Factories of the Future use casesGeert Jacobs
As a manufacturing company, how can you arm yourself against future challenges? How do other
companies approach this and who is taking the lead in Belgium?
In this inspirational booklet, 12 manufacturing companies share their keys to success. Discover how and
where your company can also make a difference.
LAVAL TECHNOPOLE International Business Center Newsletter -
Spring 2014 issue with Show Canada, Fourgons Transit , BONE Structure, Devrun and Sotech Nitram
M&A Index Poland Report - summary of 2016FORDATA VDR
We invite you to read the next edition of the M&A Index Poland Report - summary of 2016, prepared by Mrs. Alicja Kukla-Kowalska - FORDATA expert and Mr. Jan Kospin from Navigator Capital.
About the Rio+20 Conference
At the Rio+20 Conference, world leaders, along with thousands of participants from governments, the private sector, NGOs and other groups, will come together to shape how we can reduce poverty, advance social equity and ensure environmental protection on an ever more crowded planet to get to the future we want.
The United Nations Conference on Sustainable Development (UNCSD) is being organized in pursuance of General Assembly Resolution 64/236 (A/RES/64/236), and will take place in Brazil on 20-22 June 2012 to mark the 20th anniversary of the 1992 United Nations Conference on Environment and Development (UNCED), in Rio de Janeiro, and the 10th anniversary of the 2002 World Summit on Sustainable Development (WSSD) in Johannesburg.
The Rio+20 Conference It is envisaged as a Conference at the highest possible level, including Heads of State and Government or other representatives. The Conference will result in a focused political document.
Themes of the Conference
The Conference will focus on two themes: (a) a green economy in the context of sustainable development poverty eradication; and (b) the institutional framework for sustainable development.
Seven priority areas
The preparations for Rio+20 have highlighted seven areas which need priority attention; these include decent jobs, energy, sustainable cities, food security and sustainable agriculture, water, oceans and disaster readiness.
INVITATION - Slovak Fashion Night in New York 2012 +421 Foundation
The Seventh Annual SLOVAK FASHION NIGHT IN NEW YORK is the signature event of the +421 Foundation Inc. organized in partnership with the Consulate General of Slovakia in New York and in cooperation with the Austrian Cultural Forum in New York.
The event will be held in New York City on May 11, 2012 at 7.30 PM at CAPITALE, 130 Bowery Street, New York, NY 10013.
This year’s Slovak Fashion Night motto, “Fashion Unites Us“, will introduce the Slovakian designers: Annamaria Kiss Kossa (winner of Bratislava Fashion Days), Libor Komosny and Ema Klein (with their collections “Flavour of Coffee”, “Clinical” and “Skeleton” ) from Studio of Fashion Design, Academy of Fine Arts and Design in Bratislava under the supervision of Julia Sabova. Styling will be presented by Lenka Chmelova and Ivana Marmare from Slovakia. Guests of this evening will also enjoy collections of an Austrian designer Eva Poleschinski and an American designer of Slovak origin Lucy Racek Hulsizer. The show´s choreography by Sandra Sabbahi will be interpreted by the dancing etudes of Lucy Khulova. The evening will be hosted by rising Slovakian-American actress, Katarina Morhacova.
Guests will have an opportunity to view an exhibit anthology, compiled from paintings by Erik Binder and photographs by Natalia Sklenarikova. Slovakia’s very own Double Cross Vodka will provide delicious cocktails to all in attendance while DJ Eitan Noyze spins the after party.
www.slovakfashionnight.com
Tickets @ www.cskstore.com
Development Cooperation Forum Philanthropy Issues note+421 Foundation
Private philanthropic organizations have become in a very short period of time a key source of development finance. They complement flows from other providers and play a vital role in meeting needs in critical sectors, such as health and education. There is need to better understand the role they can play in international development cooperation and their impact on development results. The MDG Summit in 2010 recognized that and called on foundations to enhance their role in supporting national development efforts and the achievement of the MDGs.
President of the United Nations Economic and Social Council Ambassador Milos Koterec of Slovakia opened on Monday 27th February 2012 the first Dialogue of Development Cooperation Forum (DCF) with private philanthropic organizations. The Development Cooperation Forum, established by the 2005 World Summit in response to the changes in development cooperation as well as to the growing role taken by non-traditional actors, has an important role in spurring global discussions among foundations and United Nations Member States. The meeting focused on issues of comparative advantages and good practices of philantropic organizations and on promoting partnerships to achieve better development results. It enjoyed participation of important stakeholder like President of Ford Foundation Luis Ubinas, Executive Director of Trust Africa Akwasi Aidoo, Founder of Education for Employment network Ron Bruder, Vice President for Strategic Philantropy Foundation Center Lisa Philip, Bakery Kone of the African Capacity Building Foundation, Managing Director of Rockefeller Foundation Rob Garris and many others, as well as representatives of member states.
Generálny konzulát Slovenskej republiky v New Yorku organizuje Konzulárne dni v Chicagu.
Miesto konania:
Reštaurácia KLAS/ KLAS Restaurant: 5734 W. Cermak Road, Cicero, IL 60804 (www.klasrestaurant.com).
08. marec 2012 (štvrtok) : 1:00 PM – 8:00 PM
09. marec 2012 (piatok) : 1:00 PM – 8:00 PM
Konzulárne dni budú zamerané na konzulárne úkony, pri ktorých sa podľa zákona vyžaduje osobná prítomnosť žiadateľa:
CESTOVNÝ PAS SR (54.00 USD)*
PREVZATIE VYSTAVENÉHO CESTOVNÉHO PASU
(bez poplatku)
OSVEDČENIE O ŠTÁTNOM OBČIANSTVE (23.00 USD)*
OSVEDČENIE PODPISU NA LISTINE (5.00 USD za jeden podpis)*
* poplatok platný v mesiaci február 2012
Generálny konzulát Slovenskej republiky v New Yorku
801 Second Avenue, 12th Floor
New York, NY 10017
212-286-8434
212-286-8465
________________________
www.mzv.sk/nyc
cg.newyork@mzv.sk
Immigrants’ Theatre Project will present Staged Readings in English of 6 new plays written by women playwrights who are the leading voices writing for the stage today in Central and Eastern Europe. ITP’s artistic director Marcy Arlin and director Gwynn MacDonald will curate these plays from Bulgaria, Czech Republic, Hungary, Romania, Serbia and Slovak Republic.
Podľa zákona č. 595/2003 Z.z. o daniach z príjmov v znení neskorších predpisov môžete poskytnúť 2% z Vašej dane vybranej neziskovej organizácii. Po zaplatení celej dane sa môžete rozhodnúť, či 2% z nej pôjdu do štátneho rozpočtu alebo ich váš daňový úrad prevedie Vami určenej neziskovej organizácii. Jedným zo zaregistrovaných oprávnených prijímateľov 2% je aj Slovenská spoločnosť pre medzinárodné právo pri SAV (www.ssmp-ssil.org), občianske združenie, ktoré združuje vedcov, akademikov, profesionálov a študentov medzinárodného práva a príbuzných odborov, ako aj ďalších nadšencov medzinárodného práva na Slovensku.
World Trade Report 2011
The WTO and preferential trade agreements: From co-existence to coherence
The ever-growing number of preferential trade agreements (PTAs) is a prominent feature of international trade. The World Trade Report 2011 describes the historical development of PTAs and the current landscape of agreements. It examines why PTAs are established, their economic effects, and the contents of the agreements themselves. Finally it considers the interaction between PTAs and the multilateral trading system.
SLOVAK FASHION NIGHT 2012 SPONSORSHIP PROPOSAL+421 Foundation
By becoming a sponsor of one of the +421 Foundation’s events, you are making a commitment to cultural and educational development, while enhancing your visibility among the other business leaders. The continued support of our sponsors makes it possible for the +421 Foundation to continue to organize quality educational programming, exciting events, and simultaneously always supporting a charitable cause.
2. Investment News April 2011
Investors are optimistic again New impulses for Slovak
automotive industry
F oreign investors in Slovakia are leaving the crisis
behind. According to the poll organized by foreign
chambers of commerce in Slovakia among 166 European
companies, its participants expect better business.
A n over 120-million-euro investment by French
corporate group PSA Peugeot Citroen in
production of a new car model in Slovakia will
Almost two thirds of polled subjects expect the economic create 900 new jobs. The car plant in Trnava plans
situation is Slovakia will improve already this year and to commence the third work shift in the spring of
the same is true for their expectations for their own 2012 and gradually increase output to its maximum
annual capacity of 300,000 cars. PSA Peugeot Citroen
company. About 40% companies want more invest to
Recruitment of staffers for some technical positions
their operations and increase number of employees and has already started and another round will be opened
about 60% of foreign investors plan to increase salary in September. New workers will start the job at PSA
expenditures in their companies. The polled investors Peugeot Citroen in January 2012.
answered that Slovakia is characterized mainly by its
membership in the EU, labor force willing to work at
relatively low cost and calculated tax system. In the U .S. auto seat component manufacturer Lear
Corporation Seating Slovakia in Presov will open
200 new jobs. It presently employs 820 people. The
comparison with other countries of CEE, the Slovak
main recruitment round will start in June and July.
Republic is the most attractive investment location,
The company needs new workers due to production
just as during previous years. Clear majority of foreign expansion. Lear is enlarging its capacity because
companies (83%) would again bring their investment to of new supplies to the Slovak part of PSA Peugeot
Slovakia. Citroen. The investment covers new technology and
enlargement of the production premises by some
10,000 square meters.
T he core supplier of Kia in Slovakia, the South
Korean company Mobis Slovakia, will take in
hundreds of employees. The firm will build a new
brake production plant and create 320 jobs in the
proximity of Zilina city. “The plant is expected to open
in December 2012,” according to Slavomir Zbin of
Mobis.
A new joint venture specializing in production
and repairing of brake calipers for passenger
cars, which is a joint investment of the German
company FTE Automotive and Danish company SBS
(Scandinavian Brake System A/S), is being established
in Presov. Construction is planned to be launched
Investment into cement in June 2011. The investment will amount to several
millions of euros and the company will create a
hundred new jobs, while it will hire about fifty
H olcim Slovensko plans to invest EUR 11 million this
year in its plant in Rohoznik. The biggest local maker
of construction materials and services wants to spend
workers by the end of this year and the rest will be
taken on during 2012.
a third of this sum to improve reliability of its cement
production and approximately 7 million euro should F aurecia Slovakia will employ about 150 new
people in the press and painting shop after
planned extension of its production. Production
be put in further boosting of production effectiveness.
will be gradually expanded over two years, based on
Holcim (Slovakia) is currently in negotiations with the
requirements of the Bratislava-based car producer
management of the Holcim group on further investments, Volkswagen Slovakia. Faurecia produces dashboards,
which should reach up to EUR 40 million. The planned door panels and bumpers for the car industry. The
investments are based on innovations and are to company already planned further expansion after its
improve protection of the environment. After their arrival in Hlohovec in 2006 and prepared sites for
implementation the Rohoznik cement mill should become additional construction. The new press has already
the European No. 1 in technology. received occupancy permit but presses will be put
into operation after completion of the paint shop,
which is currently undergoing Environmental Impact
Steel will give jobs to over 400 people Assessment. Investment into expansion of production
is to reach EUR 11.5 million.
O ther 400 jobs will be created in the eastern Slovakia.
They will be created in the finishing steel works in
the complex of the industrial park Chemko-Strazske. With
T he new factory of the company Fremach Trnava
should employ 100 people next year. The company,
which produces mechanical plastic components
its volume of more than EUR 240 million, the project of for the car industry, is planning to build a new
mini steel works Strazske is one of the biggest current production hall for EUR 8 to 10 million in Trnava.
investments in Slovakia. It will provide production of
structural steel with the annual capacity of 600,000
tons with the option of further expansion in production
up to 800,000 tons. Roughly 400 jobs will be created in
the steel works and others will be added in the referring
operations and at subcontractors.
www.sario.sk 2
3. Economy News April 2011
Ahead of the Eurozone Consolidation of State Treasury
T he International Monetary Fund (IMF) forecasts in its
latest prognosis that the Slovak economy will grow
faster than the median for the entire currency club. The
T he Cabinet has confirmed its plan to consolidate
public finances and squeeze their deficit below the
Maastricht criterion of 3 percent of GDP in 2013. The
IMF prognosticates the euro zone’s GDP growth at 1.6 Finance Ministry confirmed this aim set already in the
percent of this year and 1.8 percent next year. Economic three-year general government budget in the approved
activity in Slovakia will bolster by 3.8 percent this year. National Program of Reforms. The biggest part of the
Next year, GDP growth is to reach 4.2 percent. planned consolidation of public finances should take
World Bank forecast the Slovak economy should grow place this year when the deficit should shrink from last
by 4.1 percent this year and by 4.3 percent next year. year’s 7.78 percent of GDP to 4.9 percent. Next year the
According to the World Bank’s estimates, Slovak economy deficit should narrow to 3.8 percent and should be at 2.9
will overstep the pre-crisis level in this year. percent on 2013.
Investment incentives in new light
I n the future, the state should support investment
plans of local or foreign companies mainly through
tax breaks, as suggests the draft amendment to the
law on investment incentives. The Cabinet approved
the document from the Economy Ministry’s workroom.
Slovakia will also prolong the eligibility for tax relief for
recipients of investment assistance from five to ten years.
The ministry also suggests keeping in effect the duty of
writing off tax losses during the period of eligibility for
tax relief.
Competitiveness of regions
T he best conditions for development of business
activities in Slovakia are in districts of Bratislava,
followed by Trnava, Senec, Zilina and Malacky. On the
contrary, the worst conditions were registered in the
Gelnica municipality, according to the Competitive
Regions 21 project, in which the Slovak Business
Alliance (PAS) analyzed the competitive advantages
and disadvantages of all Slovak districts. The project’s
outcome is the Index of Regional Business Environment,
which the alliance drew up for all 79 of Slovakia’s districts.
The quality of road infrastructure is the main barrier in More than double growth
regional development.
More money from taxes T urnover on the Bratislava Stock Exchange (BCPB)
amounted to EUR 10.21 billion in the first quarter of
this year, which is a y/y increase of over 115 %. Market
players carried out 2,510 transactions. Shares worth EUR
C orporate and personal income tax revenue in the
first three months of this year exceeded the Finance
Ministry’s expectations. Personal income tax collection
154.1 million were purchased and sold. On the BCPB floor,
bond deals worth EUR 10.1 billion were carried out in Q1
2011. The most active market player on the Bratislava
totalled EUR 468.8 million in late March, which is 4.9
exchange last year was Slovenska Sporitelna, with EUR
percent more than the aliquot budgeted projection.
7.6 billion turnover representing 75 % share on the total
Corporate income tax collection amounted to EUR 527.3
traded volume.
million, overstepping the budgeted volume by 26 percent.
www.sario.sk 3
4. SARIO News April 2011
Investment seminars – part of the Slovak – Vietnamese Business Forum
business trip to India
T he SARIO Agency in cooperation with the Vietnamese
Chamber of Commerce and Industry (VCCI) has
S ARIO representatives took part in the official
delegation of the Minister of Economy of the SR during
his business trip to India. Slovak mission was supported
organized the Slovak – Vietnamese Business Forum taking
place on the premises of the Chamber in Hanoi. The
opening remarks were delivered by Dom Duy Khoung,
by investment seminars prepared by SARIO
Vice-Chairman of VCCI, Le Danh Vinh, Deputy Minister
in the cooperation with Indian partners and professional
of the Ministry of Trade and Industry in Vietnam and
associations - Federation of Indian Chambers of
Juraj Miskov, Minister of Economy of the Slovak Republic.
Commerce and Industry (FICCI), Federation of Indian
Andrea Gulova, Deputy CEO of SARIO, has presented the
Micro, Small and Medium Enterprises (FISME) and The
trade and investment opportunities in order to increase
Confederation of Indian Industry (CII). Marian Tomasik,
mutual cooperation of Vietnam and Slovakia, especially
the Ambassador of the SR in India and Igor Melisek,
in the field of infrastructure development, agriculture,
Commercial Counselor of the Embassy of the SR in India
construction, defense, waste water treatment facilities
participated at the seminars as well. Minister Miskov
construction, export and import of primary food
has opened all the seminars with his opening remarks
products, tourism and projects in education and culture
and Andrea Gulova, the Deputy of the CEO of SARIO
Within the forum, a Memorandum of Understanding
presented Slovak business environment. The aim of the
(MOU) was signed between the Vietnamese Bank for
investment seminar was to inform potential investors
Investment and Trade Development and the Slovak
about business and investment environment in Slovakia in
Eximbank. The MOU guarantees financial coverage in case
connection with the future steps prepared by the Slovak
of commercial risk in this territory. Bilateral meetings
Government to improve it. Indian entrepreneurs were
between businessmen followed after signing of the
interested in strengthening mutual trade between the
memorandum.
SR and India in the areas of IT, chemical, pharmaceutical,
food, automotive, defense, textile, energy and
construction industry and tourism and possible joint- Investment seminar in Singapore
venture creation.
I nvestment seminar in Singapore closed investment
road show of the Ministry of Economy of the SR,
SARIO and representatives of business community in
Asia. The Ambassador of Singapore for Slovakia Jennie
Chua prepared this event. First Slovak investment
seminar in Singapore has opened opportunities to
strengthen mutual trade exchange stressing production
cooperation, creation of joint ventures, investment
support and cooperation in R&D. Phillip Overmyjer, the
Executive Director of Singapore International Chamber
of Commerce (SICC) said in his opening remarks that the
economy of Singapore is highly competitive and belongs
to the most opened economies of the world. After the
speech of Juraj Miskov, Minister of the Economy of
the SR, the presentation of our business environment
followed by Robert Simoncic: “The trade balance of our
countries is only the beginning what we may achieve. Your
Visit to NOIDA Special Economic Zone country is global business leader and our real ideal. We
are interested to learn from you to make business effective
(NSEZ) and sophisticated and how to implement your tools into
our business environment. I am sure that also we have
A fter finishing the first one from the series of
investment seminars during the business trip of the
Minister of Economy of the SR to India, Andrea Gulova,
lots to offer to your country,“ stressed SARIO CEO and
as one example he mentioned our software companies.
Singapore offers an option for Slovak products to reach
Deputy CEO of SARIO visited, together with the Slovak all key markets of south eastern Asia (Malaysia, Indonesia,
businessmen that are part of the official delegation, Philippines, Japan and Korea).
premises of NOIDA Special Economic Zone (NSEZ).
Commissary for Special Economic Zones Ralp Bakshi
introduced their functioning in India. Indian government
has created 7 zones in which they offer advantageous
conditions for doing business. Companies that produce
inside the economic zone and export their goods abroad
may use various advantages, for example 100% tax relief
during first 5 years of business and next 5 years 50% tax
relief, and they also may import material, components and
goods with zero customs duty etc. Deputy CEO of SARIO
informed Indian party about functioning of industrial
parks in Slovakia and support that the entrepreneurs may
receive based on the Act. No. 561/2007 on investment
stimuli.
www.sario.sk 4
5. Slovak Investment
and Trade Development Agency
Martinčekova 17
821 01 Bratislava
Slovak Republic
Tel: +421 2 58 260 100
Fax: +421 2 58 260 109
E-mail: sario@sario.sk
www.sario.sk
This Newsletter is not in any way legally binding. SARIO does not bear any responsibility for
damage caused by inappropriate or incorrect interpretation of information hereby stated.