FOCUS SHORT

Expanding to Austria

THE NUMBER of companies, which after establishing themselves in Slovakia, have since successfully expanded abroad, is on the rise. To help Slovak start-ups, young entrepreneurs and bigger companies enter the Austrian market, the Young Entrepreneurs Association of Slovakia (ZMPS) has joined with the Vienna Business Agency and prepared a seminar on how to do business in Austria along with a series of workshops called Twinenterpreneurs.

THE NUMBER of companies, which after establishing themselves in Slovakia, have since successfully expanded abroad, is on the rise. To help Slovak start-ups, young entrepreneurs and bigger companies enter the Austrian market, the Young Entrepreneurs Association of Slovakia (ZMPS) has joined with the Vienna Business Agency and prepared a seminar on how to do business in Austria along with a series of workshops called Twinenterpreneurs.

“When you decide to expand, you must know the market, the behaviour of the consumer and the specific features of the given business environment,” Tomáš Husár from the Young Entrepreneurs Association of Slovakia said in February. “Without the proper contact this is still a difficult path. Also this is why we are bringing to Slovak companies a possibility to attend free interactive workshops with young Austrian entrepreneurs, which are an ideal place not only for exchanging experiences but also for creation of over-the-border partnerships.”

Based on a ZMPS analysis, some 20.5 percent of Slovak companies are already doing business abroad and as many as 70.5 percent ponder this possibility. The Czech Republic tops the list of most preferred countries for expansion, with 26.1 percent, followed by Austria with 13 percent and Hungary with 9.8 percent.

More information about the project can be found at twinenterpreneurs.eu.

The processing of personal data is subject to our Privacy Policy and the Cookie Policy. Before submitting your e-mail address, please make sure to acquaint yourself with these documents.

Theme: Foreigners in Slovakia


Top stories

Prosecutor brings charges against Kočner in the Kuciak murder case

Apart from Kočner, three other people were formally charged.

Ján Kuciak and Martina Kušnírová were commemorated in Bratislava on August 26.

Blog: AI and Slovakia: Labor costs to become less important

Which policy challenges and risks will AI bring to converging economies, such as Slovakia? Vladimir Zlacký, Founder of LookingEast.eu, offers an interesting answer.

Dzurinda: I have never taken a bribe, Gorilla is about individuals

If the information in the Gorilla file is true, it proves failure of individuals rather than failure of the government, says the then prime minister.

Mikulas Dzurinda

Gorilla sends Slovaks back to the streets

For a Decent Slovakia protests continued in five locations around Slovakia.

Košice protest on October 18