US companies bring higher added value to Slovakia

The labour force shortage is also an issue for members of the American Chamber of Commerce in Slovakia.

Ronald Blaško Ronald Blaško (Source: Courtesy of AmCham)

Slovakia remains an interesting investment destination for US investors, thanks to the favourable ratio of wage costs and performance of the labour force, but also because Slovaks do not go on strike very often and the political situation in the country, despite some turbulence, is stable. However, members of the American Chamber of Commerce in Slovakia (AmCham) have started to feel the heat of the labour market. Much like other companies, they are failing to find workers for their new projects.

“Now, we are talking more about some missed opportunities,” said Ronald Blaško, new executive director of AmCham, who replaced Jake Slegers after 17 years. “But this is simultaneously a challenge and a threat for Slovakia’s economy.”

The Slovak Spectator spoke with Blaško about tariffs imposed by the Trump administration and the threat of a trade war, the Rule of Law initiative and more.

The Slovak Spectator (TSS): The United States has imposed tariffs on steel and aluminium from Canada, Mexico and the European Union and threatened the EU with an increase of tariffs on imported cars. In your opinion, is a trade war between the US and the EU threatening?

Read more: Does Slovakia remain an interesting destination for US investors? What is the perception of corruption among chamber members?

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