This article was published in Investment Advisory Guide - Your key to understanding the Slovak business environment
This article was published in Investment Advisory Guide - Your key to understanding the Slovak business environment
What are the strongest pillars of Slovakia's industry? Which ones provide the best opportunities for potential investors?
Slovakia promotes itself as the largest car producer per capita in the world (200 in 2020) with three carmakers located in western Slovakia (Bratislava, Trnava, and close to Žilina). While the fourth carmaker, the British Jaguar Land Rover, opened its plant near Nitra in 2018, it sees an even bigger space for the development of the network of carmakers’
subcontractors, especially in the east of the country.
The second strongest pillar of Slovakia’s industry is the electrotechnical industry with companies in Galanta, Nitra, and Nové Mesto nad Váhom, to
mention a few. Other sectors with a tradition in Slovakia are the chemical industry and forestry.
IT is a promising sector in Slovakia, where apart from Bratislava, Košice and Žilina also house strong IT clusters. Slovakia has become home to several business service centres too, most of which are currently located in Bratislava with opportunities to spread into other parts of Slovakia. The trend of transitioning the economy towards services is visible by the mushrooming of startups and R&D centres, many of which can utilise EU funds or the state’s investment incentives.
