US companies bear added value

Opportunities for further development are in the sectors such as automotive and strategic shared services centres.

Adient operates throughout the country. (Source: TASR)

Similar to the past, several US giants are contributing to Slovakia’s economy. The market accepts small and medium investors, too.

The American Chamber of Commerce (AmCham Slovakia) now registers the growth of US investments in technology companies within the sector of shared services.

The car seat producer Adient is an interesting example of American investment in Slovakia, according to Michal Krčméry, Director of Government Affairs at AmCham Slovakia. The company already has a production centre, a centre for shared services and a technology centre here.

Read also:Trump’s tariffs have little impact on investments in Slovakia

“Such R&D investments are important for creating jobs with higher added value,” Krčméry told The Slovak Spectator.

While the official statistics of the National Bank of Slovakia (NBS) are inaccurate as many investments flow into Slovakia through subsidiaries registered in other countries, like the Netherlands, Luxembourg and Sweden, the unofficial Dun & Bradstreet database registers a total of 397 companies with capital from the US in Slovakia at the moment, employing more than 23,000 employees.

In 2016, the Slovak Statistics Office (ŠÚSR) recorded a positive balance between Slovakia and the US worth more than €1 billion. The US also had a 2.4 percent share in Slovak exports and a 1.1 percent share in imports.

Biggest employers

Read more: In which sectors US investors have established their plants? What kind of state aid have they received?

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