Owing to its pro-investment reform policy, the Slovak government succeeded in creating one of the very best investment
environments in Europe. Credibility of the reforms has been corroborated by further expansion of already established,
satisfied investors as well as increased response of potential investors willing to invest in Slovakia
Competitive advantages of Slovakia include in particular:
Availability of highly skilled workforce
93% of the Slovaks received higher or secondary education.
The unemployment rate in November 2003 averaged 14.19%.
Low Taxes
On January 1st 2004, Slovakia introduced a flat tax rate of 19 %. Taking into account the total tax burden, Slovakia has the lowest taxes among all of the EU and OECD countries.
Strategic Position
Geographically, Slovakia bridges Western and Eastern Europe, with the combined market potential of over 350 million people. Several principal transport routes, oil and gas pipelines cross the territory of Slovakia.
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