SLOVAKIASLOVAKIAIdeal Investment & Business Destination Ideal Investment & Business Destination

Norwegian – Slovak Business ForumNorwegian – Slovak Business ForumOslo, Norway 10.6.2010Oslo, Norway 10.6.2010

Norsk - Tysk HandelskammerNorsk - Tysk Handelskammer

Slovakia – Heart of EuropeSlovakia – Heart of Europe

I Establishment: 1st January 1993

I Official name: Slovak Republic

I Area (km2): 49,035

I Population: 5,379,000

I Capital: Bratislava

I Member of: OECD, WTO, NATO, EU, Schengen area

I Official currency: EURO

I Official Language: Slovak

I Government: Parliamentary democracy

I Election term: 4 years

I Neighbours: Austria, Czech Republic, Hungary, Poland, Ukraine

I Time zone: GMT + 1hour

Strategic location with

great export potential

Journey of SlovakiaJourney of Slovakia

IndependentSlovakia

1.1.1993

14.12.2000member of OECD

European Union member

1.5.2004

29.3.2004member of NATO

21.12.2007Fully member Schengen zone

EURO Zone1.1.2009

Flat tax 19%1.1.2004

19%

Macroeconomic Macroeconomic OOverviewverview

A1 positive outlook

A+ stable outlook

A positive outlook

2008

Real GDP growth 6,4 %

Labour productivity growth 5,8 %

Real wages growth 3,3%

HICP Inflation 3,9 %

Unemployment 9,6%

Average monthly salary (€) 723

-3,21%

GDP growth (2009)

pro

du

ctiv

ity

1,6%

744 EUR

12,5%

1,1%

2009

Monthly salary (2009)

Real wages growth (4rd Q 2009)

Unemployment (April. 2010)

Inflation (JAN. 2010)

Source: World Bank Group – Doing Business Report 2010

Employing workers

Paying taxes

Enforcing contracts

Protecting investors

Closing business

Construction permits

Methodology

The Doing Business projectprovides 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 1st rank in CEE inrank in CEE in DOING BUSINESS 2010 ! DOING BUSINESS 2010 !

OECD: 3,6% Growth of GDP in 2010 in Slovakia

Member of EurozoneMember of Eurozone

€1st January 2009Slovakia joined the EURO Zone

EURO IMPLEMENTATION IMPACT: Limitation of Foreign Exchange Risk Lowering Transaction Costs Growth in Foreign Trade Increase financial stability

Simple and Fair taxesSimple and Fair taxes

I Dividend tax

I Inheritance and Gift Tax

I Real Estate Transfer Tax

I No limits on the Repatriation of profits

19% flat tax rate

I Corporate & Personal Income Tax

I Value Added Tax

Low labour cost vs high labour productivityLow labour cost vs high labour productivity

Labour productivity

723 €Slovakia

942 €Czech Republic

843 €Poland

792 €Hungary

Data for 2008Data for 2008

Education in SlovakiaEducation in Slovakia

6,75%

40,39%

37,17%

15,68%

0,01%

No education

Elem entary school

Secondary General School

Secondary Vocational School

Univers ity education

Bratislava

university region

Western Slovakia university region

Eastern Slovakia university region

Central Slovakia university region

Number of universities: 11Total Number of Students in 08/09: 208 072Graduates in 08/09: 58 447

InfrastructureInfrastructure

Vienna (A)

BratislavaBolognaBaselSplit

ViennaPragueBratislavaPoprad

Alt major European cities

All major European & World cities

Prague

Cargo

Brno (CZ) 120 km

Krakow (PL) 180 km

SSARIOARIODoing business with usDoing business with us

SLOVAK INVESTMENT AND TRADE SLOVAK INVESTMENT AND TRADE DEVELOPMENT AGENCY - SARIODEVELOPMENT AGENCY - SARIO

SARIO – The right place for your businessSARIO – The right place for your business

THE MISSION OF SARIO

I To present the business environment in Slovakia

I To maximize the inflow of foreign direct investments to Slovakia

I To support foreign trade via match-making, as well as via subcontracting activities

I Administration of structural funds

Founded in 2002 by the Slovak government and put under the direction of the Slovak Ministry of Economy.

SARIO – SARIO – Foreign Trade Section - servicesForeign Trade Section - services

Expositions and trade fairs – Participation in expositions and trade fairs to promote Slovakia and Slovak entrepreneurs and agencies

Organization of business missions and forums abroad and foreign missions

Assistance to SME related to their promotion abroad at exhibitions, workshops

Help and support of Joint Venture projects

Subcontracting activities

On-line database - Project of Slovak exporters and their update offerings – matchmaking services

SIC - SARIO Information centre

Foreign cooperation – Specialists on territories, propagation of slovak products, market analysis, contacts and information sharing

SERVICES ARE FREE OF CHARGESERVICES ARE FREE OF CHARGE

SARIO FDI SectionSARIO FDI Section

Assistance in implementing investment projects Analyses of labor market, taxation,legislation, macroeconomics etc. Advice on issues related to starting a business Sectorial and regional analyses Selection and recommendation on ideal location and suitable real estate Facilitation of communication with national and local authorities, self-

government bodies Consultancy in the area of state aid and assistance with applications for

investment incentives Aftercare services for foreigned investors already operating in the Slovak

Republic Assistance in finding Slovak partners for joint-venture or suppliers

SERVICES ARE FREE OF CHARGESERVICES ARE FREE OF CHARGE

SARIO FDI Section - servicesSARIO FDI Section - services

SARIO STRATEGIC PROJECTSSARIO STRATEGIC PROJECTS

Company nameCountry

of origin

JobsInvestmentsmil EUR

Location

SONY Japan 1500 76,3 Nitra

SAMSUNG South Korea 450 + 800 63 Galanta

SAMSUNG El. LCD South Korea 1200-1400 320 Voderady

KIA Hyundai South Korea 3400 1100 Žilina

Peugeot-Citroen France 3500 750 Trnava

DELL USA 1000+800 8 Bratislava

Johns Manville Slovakia USA 1 400 120 Trnava

Whirpool USA 1300 200 Poprad

GFT Germany/USA

787 345 Kechnec

AUO Taiwan 3000 191,3 Trenčín

ICU Medical USA 700 14 Vráble

Source: SARIO 2010 Creation of 65 000 jobs in 2002-2008 Creation of 65 000 jobs in 2002-2008

Top 5 investors in Slovakia by sectorTop 5 investors in Slovakia by sector

I 1. Automotive

I 2. Machinery

I 3. Electrotechnical

I 4. Chemical

I 5. IT services

Source: SARIO, National Bank of Slovakia, 2010

SIC – SARIO INFORMATION CENTRESIC – SARIO INFORMATION CENTRE

At SIC you can find following:

Good suppliers

- Mechanics- Electro mechanics

- Electronics- Plastic and rubber- Wood and furniture- Textile and clothing

Investment partners

Information about international tenders

Partners for joint ventures

New subcontractors

Slovak subcontracting companies operate in the following industries:

www.sic.sario.skwww.sic.sario.sk

Automotive database for VW Slovakia, PSA PEUGEOT Automotive database for VW Slovakia, PSA PEUGEOT CITROEN, KIA and possible investors JAC Motors - CITROEN, KIA and possible investors JAC Motors - China, REVA – India, FIAT – Italy = Electric Cars China, REVA – India, FIAT – Italy = Electric Cars

Goal:

I Creation of the Slovak suppliers database in the automotive industry

Vision:

I Reinforce Research and Development in the field of automotive industry

105 Cars per 1000 Habitants in 2008105 Cars per 1000 Habitants in 2008

Humenne Košice

Poprad

Sladkovicovo

Malacky

Vrable

D.N. Ves

Bratislava

Lozorno

Trnava

Žilina

Kys. Nové Mesto

Trenčín

Dubnica n.Váhom

Martin

Nitra

HlohovecNové M. n. Vahom

Galanta

Presov

Banská Bystrica

Zvolen

CLUSTERS DATABASECLUSTERS DATABASECLUSTERS OF WESTERN SLOVAKIA

CLUSTERS OF MIDDLE AND EASTERN SLOVAKIA

Detva

Cluster for Robotization and Automatization -

Prešov

Norwegian – Slovak Business Relations Norwegian – Slovak Business Relations

Export from Slovakia to Norway: 77 Slovakian CompaniesExport from Slovakia to Norway: 77 Slovakian Companies

Import in Slovakia from Norway: 49 Slovakian CompaniesImport in Slovakia from Norway: 49 Slovakian Companies

Export from Slovakia to Norway Export from Slovakia to Norway – cars, paper and cellulose wad, cargo wagon, electric transformers and converters, waterproof shoes, carbon electrode, cords and ropes and plane rolling products

ExportExport from Norway to Slovakia from Norway to Slovakia - ferroalloy, chemical wood cellulose, unenamel paper and cardboard, electric transformers, machinery and its equipment, fluorites.

List of 123 Slovak companies looking for cooperation List of 123 Slovak companies looking for cooperation partners in Norway available on partners in Norway available on

slovcomm@online.no slovcomm@online.no

Special interregional cooperation between Special interregional cooperation between More More og Romsdalog Romsdal region in Norway and Presov region region in Norway and Presov region in the Eastern Slovakiain the Eastern Slovakia

Opportunities for cooperation: 22.-23.9.2010, PresovBusiness mission of Norwegian companies to the Presov region

Machinery (automatization and robotics):Chemosvit, a.s. (www.chemosvit.sk) - subcontract, joint ventureSpinea s.r.o. (www.spinea.sk) - subcontract VUKOV Extra, a.s. (www.vukovex.sk) - subcontract PROCONT, spol. s r.o. (www.procont.sk) - subcontract

Automotive: ZVL Auto, s.r.o. (www.zvlauto.sk) - subcontract, joint venture Fragokov – export, v.d. (www.fragokov.sk) – subcontract

Electronics: Elcom s.r.o. (www.elcom.sk) - subcontract, acquisitions of companiesTesla a.s. (www.tesla.sk) - subcontract

Pharmacy: IMUNA PHARM, a. s.(www.imuna.sk) – subcontractUniversity of Presov: Research of DNA, bernaky@unipo.sk - cooperation

Both regions would like to increase their cooperation in the field of Engineering, Automatization Technology and Robotics, Chemical Industry, Packaging, Pharmaceutical Industry, Renewable Energy and Tourism.

Main InvestorMain Investorss from Norway in Slovakia from Norway in Slovakia

Kongsberg AutomotiveKongsberg Automotive – – Driveline, VrábleDriveline, Vráble

NORSKNORSK HYDROHYDRO - - Slovalco, Žiar nad HronomSlovalco, Žiar nad Hronom

TIMMTIMM - - TIMM SlovakiaTIMM Slovakia, Trenčín, Trenčín

Bratislava Coop NorgeBratislava Coop Norge, , Oslo Domex-Interier-Oslo Domex-Interier-Export, Export, Linstow Airport BratislavaLinstow Airport Bratislava, , VerdisparVerdispar, , CEPM, CEPM, VIZADA (Telenor) Slovakia, VIZADA (Telenor) Slovakia, Oslo REMA Oslo REMA 10001000, , VERDISPAR, VERDISPAR, Blomquist BratislavaBlomquist Bratislava

The Royal Norwegian visit to SlovakiaThe Royal Norwegian visit to SlovakiaOctober 2010October 2010

I B2B negotiations between Norwegian and Slovak Companies

I Round tables with a specific topics in the field of Renewable Energy and Infrastructure

Looking for more cooperation between Norway and Slovakia in the

field of Research and Development

andInnovation

SARIO IN COOPERATION WITH INNOVATION NORWAYSARIO IN COOPERATION WITH INNOVATION NORWAY

44thth Slovak Matchmaking Fair 2010 Slovak Matchmaking Fair 2010 in partnership with France in partnership with France 9 – 10 November 2010, Venue: Agrokomplex Nitra 9 – 10 November 2010, Venue: Agrokomplex Nitra

International Business Networking

I Engineering

I Automotive Industry

I Electrotechnics

I Power Industry and Renewable Energy

I Chemistry

I IT Technologies

Programme

I Partners presentations

I B2B negotiations

I Round tables

I Special conference

Thank you for your attentionThank you for your attention

PhDr. Juraj Haško

For more information, you can contact us at:

Adress: SARIOMartinčekova 17

821 01 Bratislava, SR

Tel.: +421 910 828 251Email: hasko@sario.sk

Website: www.sario.sk

Embassy of the Slovak Republic