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EU MEMBERS > Slovakia
Slovakia business environment
Doing business in Slovakia
KEY FACTS

Slovakia has made significant economic reforms since its separation from the Czech Republic in 1993. Reforms to the taxation, healthcare, pension, and social welfare systems helped Slovakia to consolidate its budget and get on track to join the EU in 2004 and to adopt the euro in January 2009. Major privatizations are nearly complete, the banking sector is almost entirely in foreign hands, and the government has helped facilitate a foreign investment boom with business friendly policies such as labor market liberalization and a 19% flat tax. Foreign investment in the automotive and electronic sectors has been strong. (CIA World Factbook)

Currency: EUR
Key exchange rates:
Interest rate: 1%
Current inflation: 4.6%
Inflation target: 2%
Tax rate: 19%
FIRST STOP
Banking
National Bank of Slovakia
Národna banka Slovenska (NBS) is the central bank of Slovakia and a member of the Eurosystem. The NBS together with other central banks and the European Central Bank participates in activities covering stabile monetary development and economic growth in the euro area.
Slovenská Sporiteľňa
Slovenská sporiteľňa is the largest commercial bank in Slovakia. Is providing comprehensive banking services to more than 2 millions of clients via the largest distribution network with 400 retail outlets. It administrates almost 6 million of accounts.
Legal
Čechová & Partners
Cechová & Partners is one of the leading Slovak commercial law firms with considerable international experience and a large client base providing a wide range of legal services fulfilling international standards at competitive rates.
Pavel Nechala & Co.
Pavel Nechala & Co. has wide experience in the area of commercial law and competition, civil and family law, labour law, and also in specific areas - such as the issue of public procurement, structural funds and possibilities of their use, legal regulations concerning the personal data protection, IT law, copyright law and media law.
Accounting
TS Consulting
TS Consulting focuses on formation of business organizations and offers arange of related additional support services.
KPMG
KPMG has a strong market position in Slovakia in all sectors. KPMG is very strong in the banking and insurance sector. KPMG member firms help clients successfully respond to changing opportunities by providing professional services, wherever and whenever they're needed.
EUROPEAN BUSINESS ENVIRONMENT OVERVIEW
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Slovakia
Slovakia flag
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Slovakia map
MAP
Capital: Bratislava
Official languages: Slovak
Government: parliamentary democracy
EU accession: 2004
Area: 49,033 km2
Population: 5,455,407 (July 2008 est.)
Internet TLD: .sk
Calling code: +421
EUROCHAMBRES
Eurochambres, the European Association of Chambers of Commerce and Industry, is one of the key representatives of business to the European institutions. It voices the interests of over 19 million member enterprises in 45 European countries through a network of 2000 regional and local Chambers represented by 45 national - and one transnational - organisations. More than 90% of these enterprises are small or medium enterprises, with chamber members employing over 120 million employees.

Eurochambres is the sole European body to serve the interests of every sector and size of European business - due to the multi-sectoral membership of Chambers - and the only one so close to business, as a result of the Chambers’ regional focus.
http://www.eurochambres.eu
CHAMBER OF COMMERCE IN Slovakia
http://web.scci.sk/