The Slovak Investment and Trade Development Agency (SARIO) is a government-funded allowance organization that works under the supervision of the Ministry of Economy of the Slovak Republic. SARIO’s primary objective is to improve the standard of living of Slovak citizens by increasing employment and reducing regional disparities.

1. Newsletter
Slovak Investment and Trade Development Agency
July / 2011
Thumbs up for Slovakia
More on page 2
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2. SArIo NewS
Thumbs up for slovakia
S
Slovak Investment and “We are successful documented by an increased
Trade Development in reaching our goal number of trips for potential
Agency (SArIo) has had that foreign investors foreign investors to Slovakia
a successful first half of 2011. have begun to perceive organized by project
Compared with the first half SARIO as a modern and managers of the agency.
of 2010, SArIo managed transparent agency
to attract more foreign which becomes for them a
investments to Slovakia gateway for investing in „I believe that by the end
according to all indicators: Slovakia,” robert Šimončič, of this year SARIO will
the number of projects, Ceo of SArIo said. successfully conclude a
volume of the investments number of other projects
and the creation of new jobs. that are currently in
Traditionally, most the process of decision-
investments went into making. I assume that
During the first half of 2011 the automotive industry, this year will be, in terms
SArIo executed projects especially there are of attracting foreign
with a total volume of 259.5 suppliers of metal and investments, evaluated
million euros which will plastic components, more positively than the
probably create over 1,500 electrical engineering as last one,“ said robert
new jobs in Slovakia. over well as shared services. Šimončič, Ceo of SArIo.
the same period last year
SArIo completed 8 projects
with a total value of 35.22 SArIo has this year
million euros and which registered significantly
resulted in the creation of higher levels of interest from
approximately 500 new jobs. international companies
and investors, which is also
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3. INveSTmeNT NewS
aTos in slovakia
One of Europe’s IT
F
ollowing the takeover of company Siemens IT Solutions
Siemens IT Solutions and and Services in Slovakia,
leaders, the French Services, Atos will occupy who will keep his post after
Atos, has arrived all its plants in seven Slovak its transformation to Atos.
in Slovakia. towns with a total of 480 According to his words there
employees. “Implementation should not be any major
of new processes will affect layoffs. “At the moment we
some employees mainly are investing into training
working in support and of our employees and their
administration.” said Peter preparation for company´s
Prónay, Ceo of dissolving new operation,” he added.
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4. INveSTmeNT NewS
ChINA TowN New JoBS with eur 488,800. After the
reconstruction, the town will
w ithin a year a full-fledged
european Chinese Centre
will be established between
A utomotive suppliers
and food and cosmetic
producers will open hundreds
rent the objects to two Slovak
engineering companies.
g
Bratislava and Senec. The of jobs in Slovakia. “Today e-metal is planning
complex will be the home we have 650 staffers. This to open 50-60 jobs in
of Chinese Cultural Centre, number will grow by 150 Stos this and next year.
the exhibition-presentation more,” technical manager at The employment increase
area, as well as administrative ZF Boge elastmetall Slovakia has been triggered by
and representative centers miroslav Danis announced. 1-million-euro investments.
of hundreds of companies Serio Plast, too, is going to
T
from the Far east. hire some tens of people. he Austrian company
Also, Tubex in Zarnovica gallai & wolff is planning
is expanding and will take to build a factory for eur
in dozens of employees.
BurgmAIer IS 10 million in the district of
rimavska Sobota and create
exPANDINg
K oPS Detva has begun
construction of its
253 new jobs. The company
e ngineering company assumes that production of
new plant in the village of bridge bearings and dilatation
Burgmaier Precision
Krivan. The investor plans joints will start in the first
Slovakia is planning to build
to finish the factory for quarter of next year. The
a new factory in Banska
engineering components components produced in
Bystrica. The firm intends
and parts in late 2011. It will the gallai & wolff‘s plant will
to invest eur 3.4 million
employ seventy people. be used for construction of
in the new facility, which is
expected to provide 148 jobs. road bridges. “Production
According to the investment
plan that has been submitted
S ome 110 jobs are to
be opened in a new
brownfield industrial park in
program will depend on road
infrastructure construction
for environmental Impact and reconstruction and
Levice. It will be built on the servicing of road bridges.
Assessment, construction work site of a former vegetable
should begin in the upcoming With regard to limited
and fruit warehouse. The opportunities of the Slovak
months, while completion construction is planned to
is scheduled ten months market, about 96 percent of
take 18 months. The town products will be exported,“
later. The plant is expected acquired a eur 9.287 million
to cover an area exceeding stated the investor in the
subsidy from the eu, which assessed investment plan.
5,000 square meters, and should cover 95 percent of
the production and storage the overall project costs. The
hall itself should be larger municipality should co-finance
than 4,500 square meters. the remaining 5 percent
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5. INveSTmeNT NewS
new assisTance
Local and foreign
w
hat is more, the ministry, which authored the
tax holiday period amendment, contributions
companies will be prolonged for acquisition of tangible
will be getting from five to ten years. At and intangible assets and
state assistance the same time, the duty creation of new jobs will not
to deduct tax loss during be provided to industrial
particularly in the the period of tax allowance manufacturing investors in
form of tax credit. has been preserved. The districts with jobless rate
modified rules took effect below Slovak median.
on August 1, 2011. The state
will provide subsidies for
acquisition of tangible and
intangible assets only in
extraordinary cases, for
instance, strategic projects.
According to the economy
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6. eCoNomIC NewS
businesses in DaTabase
T
he state starts making companies and associations basis of this information.
its databases on Slovak and societies. “We’d like to “It will be some kind of Slovak
businesses public. help businesses to not enter super-register, providing all
The economy ministry has business relations with [other] available information at one
launched the economic unreliable businesses,” said place and at the same time
register of Slovak companies minister of economy Juraj providing more – and that
at the website miskov. According to him, the is analytic information,”
www.hospodarskyregister.sk. register should contain all miskov described the
This database of businesses accessible information that system. In the future, other
active in Slovakia features state possesses on businesses, modules are to be added.
offering economic and loans including turnover, addresses,
information on companies, number of employees, liens
entrepreneurs, exporters and payment discipline
and importers and also concerning state institutions.
about budget-subsidized or rating of individual entities
partly budget-subsidized will then be calculated on the
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7. eCoNomIC NewS
CoSTLy LoANS CheAPer LIFe
S lovaks will pay more for
loans. The european Central
Bank decided to hike the
T he life in the Slovak capital
has become cheaper for
foreigners, a survey by mercer
benchmark interest rate by shows. In a year, Bratislava
a quarter of the percentage dropped 20 positions in the
point to 1.5 %. european banks chart, from the 37th spot to
can expect one more rate hike the 57th. mercer compared
this year. Increased interest living costs borne by foreign
rates will automatically workers in 214 cities. The
reflect in prices of banking drop means that Bratislava
products in Slovakia. offers more acceptable prices
to foreigners this year.
New DIvIDeNDS
e conomy minister Juraj
miskov (SaS) wants new
rules for profit distribution
and dividend payout at
companies were the state
holds some stake. “I assume
that we will manage to collect
over €100 million in dividends
for the state coffers. The Finance
Minister did not count on this
money,” miskov announced.
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8. SArIo NewS
china inTeresTeD in slovakia
On July 4th 2011
T
his trade mission Technology Commission
included several was very grateful for all
SARIO in cooperation directors of companies the information provided
with the Chamber of from the Chinese Province by SArIo and the Chamber
Commerce SINACO of Shandong interested in of Commerce SINACo. he
future cooperation with invited the representatives
welcomed the Chinese Slovakia especially in the of SArIo and the Chamber
trade mission during area of petrochemical and of Commerce SINACo to
their five days visit pharmaceutical industry. the Shandong Province.
Lenka Demovičová, Chinese trade mission
to Slovakia. SArIo Project manager expressed interest in the
introduced SArIo agency, close future cooperation
its services and also as the goal of this initial
the Slovak investment meeting was to establish
environment. mr. Li contact with institutions in
Jiansheng, Deputy Director Slovakia operating in the
of Foreign Cooperation field of foreign trade and
Division of Shandong foreign direct investment.
province and Information
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9. e-mail: marketing@sario.sk
web: www.sario.sk
This Newsletter is not in any way legally binding. SArIo does not bear any responsibility for damage
caused by inappropriate or incorrect interpretation of information hereby stated.
Source of the pictures: archive SArIo, stock.xChNg, istockphoto
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