Economy

The Slovak economy is a developed economy with the GDP per capita equaling 77% of the average of the European Union in 2016. Due to the rapid growth of Slovak GDP in the period of 2000 – 2008, Slovakia used to be dubbed the “Tatra Tiger”. The country however has difficulties addressing regional imbalances in wealth and employment. GDP per capita ranges from 188% of EU average in Bratislava to 54% in Eastern Slovakia. Unemployment peaking at 19% in 1999 decreased to 5,9% at the end of 2017, lowest recorded rate.

Although Slovakia’s GDP comes mainly from the tertiary (services) sector, the industrial sector also plays an important role within the country’s economy. This development is strongly supported by the inflow of foreign investments. The fastest growing industry in Slovakia is the automotive industry. In 2016 alone, 1 040 000 cars were manufactured in the country which made it the world’s largest producer of cars per capita. Currently, there are three automobile assembly plants in Slovakia: Volkswagen in Bratislava, PSA Peugeot Citroën in Trnava, Kia Motors in Žilina. In 2018, Jaguar Land Rover is set to open an automobile assembly plant in Nitra. Another growing industry sector in Slovakia thanks to foreign investments is electrical engineering. Foxconn has a factory in Nitra for LCD TV manufacturing, Samsung in Galanta for computer monitors and television sets manufacturing. Other big industrial companies include US Steel (metallurgy), Slovnaft (oil industry), Mondi Business Paper (paper).

Slovakia also attracts companies such as IBM, Hewlett-Packard, Dell, T-Systems, Johnson Controls, Henkel and others which establish here their centers of shared services (located mainly in Bratislava or Košice).

Slovakia is also home for world-wide known companies such as ESET (IT security), Sygic (GPS navigation) etc.

Slovakia’s tourism has been rising in recent years. However, this sector still remains underdeveloped in comparison to the neighboring countries.

Source: Wikipedia

Consulate of the Republic of Seychelles in Slovakia

with the competencies for Bratislava, Trnava, Trencin, Nitra and Zilina Self-Governing Regions

Andrej Hryc
Honorary Consul

Beblavého 4
811 01 Bratislava

consul-ba@seychelles-consulate.sk

+421 905 101 803

Office hours by telephone arrangement

Consulate of the Republic of Seychelles in Slovakia

with the competencies for Košice, Prešov and Banská Bystrica Self-Governing Regions

Wanda Adamík Hrycová
Honorary Consul

Pod Strelnicou 161/1
Nižná Hutka
040 18 Košice-okolie

consul-ke@seychelles-consulate.sk

+421 904 700 006

Office hours by telephone arrangement

Embassy of the Republic of Seychelles in Brussels

Boulevard Saint Michel 28, Box 23
1040 Brussels
Belgium

brussels@seychellesgov.com

+32 2 733 60 55