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).

1. Newsletter
Slovak Investment and Trade Development Agency
December / 2011
Slovakia in
the spotlight
of investors
More on page 9 1

2. INVESTMENT NEWS
VW READY TO INVEST AGAIN
Europe’s No. 1 in terms of car sales, Volkswagen,
will land another investment in Slovakia.
T
he German group decided the investment plan to an EIA open a research and innovation
to pump EUR 1.1 billion study. The car manufacturer weld center in Bratislava which
and create 1,200 jobs at wants to build a new weld should work on development
its plant in the Slovak capital. shop for luxurious SUVs in Q1 of car components.
The company has submitted 2012. Additionally, VW plans to
2

3. INVESTMENT NEWS
INVESTMENTS IN THE
EASTERN SLOVAKIA
I
talian packaging technology of another unnamed big U.S. generate electricity and heat
manufacturer Travelin automotive investor that in its compressor station in
is heading towards should create 1,000 jobs. Good Kapusany. Construction works
the IPZ Presov- Zaborske news for Presov is also the will create 200 jobs. The gas
industrial park. The investor, plan of car seat manufacturer supplier assumes this project
a sub-contractor of the Lear to open 132 new jobs will produce annual capacity at
U.S. turbocharger maker within production expansion. 200,000 MWh of electricity.
Honeywell, will create 100
V
jobs in the horizon of two
years. The company has not elke Kapusany will
yet applied for investment get the investment of
incentives never the less the the year in the energy
Ministry of Economy refrains industry. Gas utility SPP
from providing state aid to plans to invest nearly EUR 55
sub- contractors. Minister million in the eastern Slovakia
Miskov announced also an via its affiliation Eustream.
interest for location of Presov The company intends to
3

4. INVESTMENT NEWS
REFINERY
The refinery and petrochemical giant
Slovnaft is planning to invest EUR 300
million in plastics production.
T
he company wants production line that will
to bolster its make nearly thirty kinds
competitiveness in of this thermoplastic.
the sale of plastics and
improve ecological aspects of
production. The refiner wants
to build a new polyethylene
4

5. ECONOMY NEWS
UNFLATTERING
FORECAST
The National Bank of Slovakia (NBS) has
revised downward its estimate of Slovakia’s
economic growth for next year.
A
ccording to the latest that the real development
prognosis, the central might be even worse than
bank expects gross the official prognosis says.
domestic product to grow “We consider the 2.3-percent
at 2.3 percent, while in the growth to be realistic according
previous prognosis it estimated to data available as of
growth of 3.8 percent. The November 17, 2011. Of course,
continued deceleration of the we also have an alternative
economy should thus continue forecast. If downward risks
in 2011. NBS governor Jozef materialize, it will be at 0.5
Makuch, however, admits percent,” Makuch said.
5

6. ECONOMY NEWS
SLOVAKIA
DROPPED DOWN
IN THE RANKING
Slovakia slipped from “Slovakia plunged in the
ranking for 2012 because
the 131st to the 135th other countries managed to
place in the latest PwC do more to reform their tax
Paying Taxes Rankings systems,” reasoned Country
Managing Partner of PwC
that compared tax Slovensko Todd Bradshaw.
systems in 183 countries.
6

7. ECONOMY NEWS
CRISIS AFFECTS
SLOVAKS OPINION
S
till more Slovaks believe The EU median in September coordinated with other
that the crisis will last was 41 %, according to EU states but the support
several years. Thirty- a Eurobarometer survey for this path weakened
nine percent of respondents conducted among more than 3 percentage points.
offered this opinion in the 26,000 respondents. Almost
poll in September, what was 70 % of Slovaks confirmed
10 percentage points more that the crisis afflicted their
compared to April last year. lives. Slovaks prefer solutions
7

8. SARIO NEWS
ISRAELI COMPANIES ARE
INTERESTED IN SLOVAKIA
S
lovak Investment and During the visit to Israel Aviv attended more than 50
Trade Development SARIO representatives business subjects interested
Agency (SARIO) continues focused mainly on meetings mainly in economic conditions
to fulfil its mission to attract with potential investors – in Slovakia, opportunities for
foreign investors. Therefore successful Israeli companies as doing business and possible
the Agency organized at the well as meetings with Israeli government and municipalities
end of November 2011 an institutions and scientific support. Since Israel is
investment seminar and a and technological incubator. the leader in research and
series of trade negotiations More than 15 meetings were development, the topic of
in Israel. This business trip held during three days visit. cooperation with technology
was prepared in cooperation centers in the fields of ICT,
with the Embassy of the SR software, natural sciences,
to Israel and the Israeli-Slovak “Israeli companies have great semiconductors and others was
Chamber of Commerce. potential for investment in the forefront of discussions.
SARIO was represented by in Slovakia. They have the
Robert Simoncic, SARIO capital for which they need
CEO, Andrea Gulova, the partners in Slovakia. They are
Deputy CEO and the Head interested mainly in investment
of the FDI Section as well as into existing projects in food
SARIO project managers. industry and engineering,” said
Robert Simoncic, SARIO CEO.
The investment seminar in Tel
8

9. SARIO NEWS
SLOVAKIA IN THE SPOTLIGHT
OF INVESTORS
S
lovak Investment and the potential to create 2,634 high unemployment rate.
Trade Development to 4,353 new jobs. Most of Thanks to new foreign
Agency (SARIO) has had the completed projects so investment the inhabitants
a successful 2011. According far are directed towards of these regions will be given
to SARIO´s statistics the disadvantaged regions. The the opportunity to find jobs
investment volume in regions of Trnava, Prešov, and consequentially provide
comparison with the last year Trenčín, Banská Bystrica and them with social security,“
increased 4-fold and 2-fold Žilina will receive majority of said Andrea Gulova, Director
increase was observed in them. In terms of distribution of the Division of Foreign
the number of new jobs. of the industries the largest Direct Investment of SARIO.
volume of investments
traditionally goes to the
„The aim of the Ministry of automotive, electrical and SARIO´s aim is to be a
Economy of the SR together metal processing industries. modern agency, which will be
with SARIO under new perceived by foreign investors
management is to build name and domestic partners as
of Slovakia as business friendly „Thanks to its new strategy a vehicle for growth and
country and thanks to the SARIO was able to attract to innovation. SARIO wants to
quality of business environment Slovakia more foreign investors assist to the development of
to turn it into a gateway for all than in the last period. I am the Slovak economy in the
investors. Today‘s results are a pleased that this will create maximum extent possible by
clear indication for us that we new jobs and help to improve attracting new investment
are on the right track to hit our the living standards of citizens and offering trade support,
target.“ said Juraj Miskov, the of Slovakia,“ said Robert which shall bring its results
Minister of Economy of the SR. Simoncic, SARIO CEO. in creation of new jobs and
ultimately increase the living
standards in Slovakia.
In 2011 SARIO managed to „We are very pleased that
conclude projects totaling we managed to localize
EUR 517.6 million which have projects to the regions with
9

10. SARIO NEWS
SARIO: 2011 STATISTICS
2009 2010 2011
No. of Volume of investment No. of No. of
Volume of Volume of
concluded concluded New concluded
New jobs investment investment New jobs
projects mil. EUR mil. SKK projects jobs projects
in mil. EUR in mil. EUR
(Q1-Q4) (Q1-Q4) (Q1-Q4)
1 6,30 189,79 150 1 0,02 3 4 86,40 1 146
1 5,00 150,63 70 7 35,20 498 6 173,12 534
3 24,50 738,09 1 200 6 40,70 935 6 31,30 920
3 208,63 6 285,19 3 030 6 47,00 915 10 226,77 1 754
8 244,43 7 363,70 4 450 20 122,92 2 351 26 517,59 4354
Volume of
No. of Concluded
Region investment in New jobs (2011)
projects (2011)
mil. EUR (2011)
Prešov 4 59 701
Košice 1 10 100
Banská Bystrica 3 46 570 - 750
Žilina 3 47,17 607
Trenčín 4 138,30 454 - 624
Nitra 3 31,2 347
Trnava 6 55,9 555 – 925
Bratislava 2 130 300
Investments by sector No of projects
Manufacture of wood and
1
product of wood except
Manufacture of paper and paper products 2
Manufacture of rubber and plastic products 8
Manufacture of fabricated metal products 5
Manufacture of computer,
2
electronic and optical products
Manufacture of electrical equipment 1
Manufacture of motor vehicles,
3
trailers and semitrailers
Manufacture of furniture 1
Supply of electricity, gas, steam and cold air 2
SSC & CC 1
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11. SARIO NEWS
2011: LIST OF CONCLUDED PROjECTS
Coutry of Location Region of
Nr Company Name Sector
Origin in the SR the SR
Manufacture of fabricated metal products,
1 Funderia Spain Prešov Prešov
except machinery and equipment
Manufacture of motor vehicles,
2 HONEYWELL II. U.S. Prešov Prešov
trailers and semitrailers
3 Amazon U.S. SSC & CC Bratislava Bratislava
Republic Manufacture of computer,
4 Topaz Piešťany Trnava
of Korea electronic and optical products
Czech Manufacture of fabricated metal products,
5 Behr Námestovo Žilina
Republic except machinery and equipment
Great Manufacture of fabricated metal products, Trenčianske
6 KMF Trenčin
Britain except machinery and equipment Stankovce
Swedspan Manufacture of wood and product of
7 Sweden Malacky Bratislava
Slovakia s.r.o. wood except of paper and paper products
8 Biometrix s.r.o. Holland Manufacture of rubber and plastic products Šamorín Trnava
Republic
9 Daejung Manufacture of rubber and plastic products Ilava Trenčín
of Korea
Rimavská Banská
10 SLOVAKIACONSULT Slovakia Supply of electricity, gas, steam and cold air
Sobota Bystrica
11 Horecup Slovakia Manufacture of paper and paper products Nitra Nitra
12 Magna Slovteca Germany Manufacture of rubber and plastic products Trnava Trnava
Banská
13 Eilersen Denmark Manufacture of furniture Veľký Krtíš
Bystrica
14 Fremach Belgium Manufacture of rubber and plastic products Trnava Trnava
Manufacture of fabricated metal products,
15 Arcelor MTB Slovakia Senica Trnava
except machinery and equipment
16 Piva Group Italy Manufacture of rubber and plastic products Trenčín Trenčín
Republic Manufacture of motor vehicles,
17 SUNGWOO Žilina Žilina
of Korea trailers and semitrailers
Plastiflex Slovakia
18 Belgium Manufacture of rubber and plastic products Kežmarok Prešov
spol. s r.o.
Johnson Controls Manufacture of computer,
19 U.S. Námestovo Žilina
Námestovo electronic and optical products
20 Aspel Slovakia Slovakia Manufacture of rubber and plastic products Kežmarok Prešov
21 Celltex Slovakia Manufacture of paper and paper products Rožňava Košice
Manufacture of motor vehicles, Banská
22 Dometic Sweden Fiľakovo
trailers and semitrailers Bystrica
23 FLH ENALCO Slovakia Supply of electricity, gas, steam and cold air Palárikovo Nitra
Manufacture of fabricated metal products,
24 ESNASA Spain Leopoldovo Trnava
except machinery and equipment
Continental
25 Germany Manufacture of rubber and plastic products Púchov Trenčín
Matador Rubber
Zlaté
26 Secop Germany Manufacture of electrical equipment Nitra
Moravce
11

12. E-mail: marketing@sario.sk
Web: 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.
Source of the pictures: archive SARIO, stock.XCHNG, istockphoto