Slovakia: Europe's hidden innovation hub
Discover Slovakia, a developed economy nestled in the heart of Central Europe. With a population of just 5 million, Slovakia boasts impressive economic credentials, ranking as the 46th richest country globally based on per capita gross domestic product. Despite its small size, Slovakia’s economy punches above its weight, exhibiting robust growth and drawing on a sound financial sector, low public debt, and high international competitiveness.
Driving forces of Slovakia’s economy
Slovakia’s strategic location in Central Europe, combined with low wages, favourable tax rates, and a well-educated labour force, makes it an attractive destination for foreign investors. The government actively encourages foreign investment, recognizing it as a driving force of the economy.
Main economic opportunities in Slovakia
Innovation hub
Slovakia is rapidly emerging as a hub for cutting-edge technologies and entrepreneurship. Government incentives and a supportive ecosystem fuel the growth of startups and attract leading companies in the automotive, aerospace, and information technology sectors.
Car manufacturing powerhouse
Slovakia holds the impressive title of the world’s largest producer of cars per capita. Major international car manufacturers have set up production facilities here, making Slovakia a key player in the global automotive industry.
Beyond cars
The industrial sector extends beyond automotive giants. The electronics industry thrives, with companies like Foxconn and Samsung establishing manufacturing plants. Additionally, established corporations like U. S. Steel and ESET, a global IT security leader, call Slovakia home.
Larive’s local partner since 1995
Larive Slovakia represents the Larive Group in Bratislava, Slovakia. We support our clients with business intelligence, market entry and growth strategies, implementation, post-entry services, grants and finance.
Succes stories from Slovakia
A selection of relevant projects
Embark on your Slovakia journey with Larive
Let the Larive Group be your trusted guide as you navigate the exciting possibilities within Slovakia’s dynamic market. Our team of local experts, part of the Larive Group global network, empower you to navigate the complexities and seize the opportunities.