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. Mission The mission of SARIO is to promote growth and economic development, and improve the quality of life in Slovakia. Vision SARIO works actively to make the Slovak Republic a country with a well developed economy and an educated population with a high quality of life. In order to achieve these goals, SARIO utilises valuable contacts both in Slovakia and abroad. Strategic Objectives -Applying an effective framework for the support of foreign investors and increasing the portion of investors with high value-added production. -Supporting such export activities of Slovak enterprises that would significantly increase the turnover of Slovak foreign trade. -Qualified and effective administration of EU Structural Funds, which provide support for activities within the framework of Foreign Direct Investment and Foreign Trade (infrastructure development, intensification of international cooperation, and image-building of the Slovak Republic).

1. Newsletter
Slovak Investment and Trade Development Agency
June / 2011
new registered
projects for
Slovakia !
More on page 8
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2. INVESTMENT NEWS
AUO Opening in SlOvAkiA
T
aiwanese company AU company, which will produce through AU Optronics and
Optronics has launched LCD TV sets, should offer around 2,000 indirectly.
its first production jobs to 3,300 people. By the
operation in Slovakia. Trencin end of 2013, some 1,300 jobs
branch of the Taiwanese should be created directly
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3. INVESTMENT NEWS
AmAzOn in SlOvAkiA
T
The largest e-store he facility in the Slovak the investment is coming
amazon.com with capital will employ to a region that we do not
200 people. On its support, namely Bratislava,
the help of SARIO will arrival in Slovakia, the U.S. the company won’t be
open its sales support company Amazon.com “had entitled to any form of
center in Bratislava by initially planned to open assistance. Therefore, we
100 jobs but, according to are very happy that such
the end of next year. the latest information, their investor has arrived here
number is to exceed 200,” even without any support,”
Economy Minister Juraj the minister remarked.
Miskov reported. “Since
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4. INVESTMENT NEWS
new plAnt Of DeltA electrOnicS
T
SARIO is happy he company confirmed new product mix and have a
to announce the its plan to hire 500 higher automation level, the
people. The new plant number of new employees
expansion of Delta is to be as large as the will reach 450-500 after
Electronics in Slovakia. existing one but since the the full operation starts.
new factory will focus on a
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5. INVESTMENT NEWS
NEW MODEL OF KIA production firms in the EKOPLASTIKA IS
Zvolen Retail Park from 2014.
EXPANDING
T he Zilina-based Kia car
maker will start production
The park was built by the
T
company CC Development he company Ekoplastika
of a new model in 2012, on 38-hectare premises in based in Slovenska Nova
which could be one of the the northwestern part of Ves near Trnava is planning
best investment projects in the town. CC Development to build a new plant in the
Slovakia ever. The new project started constructing civil Roznava industrial park.
is expected to open 1,000 engineering networks for The factory will produce
jobs at the car factory and the Retail Park in summer heating oil from used plastic
4,000 among its suppliers. 2009; overall investment to packaging and supply it
buy land and constructing particularly to refiners. The
infrastructure were EUR 25 3-million-euro investment
IT KOŠICE million. Before the year ends, will open forty jobs.
some 500 people may find
P roducer of security
software Eset is opening
jobs in the park; this number
could reach 1,000 by 2014.
a new branch in eastern GOOGLE IN
Slovakia where it plans
to employ forty people. BRATISLAVA
CAR BODY FACTORY
G
Kosice-based branch will oogle Inc. is coming to
specialize in programming of Slovakia to open a new
antispam solutions. Another
FOR 85 MIL. €
business representation
IT company Ness Slovensko
is preparing the recruitment
of at least 60 employees.
T he company Volkswagen
(VW) Slovakia is finalizing
the preparatory works for the
in Bratislava. The aim
of Google Slovakia is to
support the development of
T-Systems is also looking construction of a new car body electronic trading through
for new staff and according factory in its Bratislava plant. education and support in
to personnel agencies The new investment will cost the area of e-marketing,
other significant foreign EUR 85 million and create 100 with emphasis on exporters,
companies are considering new jobs. The construction entrepreneurs, and small and
entering the local market. of the factory is to start the medium-sized businesses.
second half of this year. It
will cover an area of 19,242
square meters. The start of
RETAIL PARK the production is planned
IN ZVOLEN for the third quarter of 2013.
The volume of production is
S ome 1,500 people could
find work in retail and
to reach 580 containers of
pressed body parts per day.
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6. ECONOMIC NEWS
StAble rAting A+
Fitch Ratings has
F
itch has simultaneously target of 5.5 percent of
affirmed Slovakia‘s short- GDP. The overrun reflected
affirmed Slovakia‘s term foreign currency a shortfall in tax revenues,
long-term foreign and IDR at ‚F1‘ and country ceiling fiscal stimulus measures
local currency Issuer at ‚AAA‘. The Outlooks for and expenditure caused
Slovakia‘s long-term IDRs by the impact of summer
Default Ratings at are stable. Slovakia‘s general floods and increasing state
‚A+‘, respectively. government deficit outrun liabilities against railway
of 7.9 percent of GDP for companies and hospitals.
2010 represented significant
slippage compared with
the original budget deficit
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7. ECONOMIC NEWS
CORRUPTION in the pan-European research stores at volumes typical for
believe that offering personal its neighbours. A nationwide
SURVEY IN EUROPE gifts, coverage of above- representative survey
M ore than 80 percent of standard costs of promotion conducted by the GfK agency
managers and executive or bribes in cash are excusable in mid-April of this year in 360
staff members perceive if they help win a contract. stores showed that the share
corruption as widespread of local food products on the
in Slovakia compared to the Slovak market is less than
50 percent. The survey was
EU median of 62 percent, LACK OF LOCAL ordered by the Slovak Food
shows a survey by Ernst &
Young. More than two- thirds FOOD PRODUCTS Chamber. In Poland, the share
L
of managers and executive ocal food products are not of food from local production
officials in Slovakia addressed represented in Slovakia’s is over 85 percent according
to the latest data of the EU
Statistical Office Eurostat. In
the Czech Republic, the share
is less than 72 percent and
over 71 percent in Hungary.
BETTER BUSINESS
ENVIRONMENT WILL
REPLACE INVESTMENT
INCENTIVES
A ccording to the Ministry
of Economy investment
incentives should be gradually
replaced by better business
environment. The minister
specified that it is possible
to replace the investment
assistance for example by
quality business environment.
“A radical improvement of
the business environment
can represent a benefit for
Slovakia, able to easily replace
any investment stimuli,” thinks
Miskov whose department
is currently working on the
Singapore project. After
implementing 100 measures
the project is to contribute
to reducing the red-tape load
of businesses in Slovakia.
In the next year according
to the plans of Miskov only
tax relief will be granted
and by the end of the term
will lead to total abolition
of investment incentives.
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8. SARIO NEWS
new regiStereD prOjectS
fOr SlOvAkiA
The Slovak Investment and Trade Development Agency
(SARIO) currently registers 102 investment projects.
T
hese projects could plastic components, metal last year that are to create
bring investments structures, production of about 2,000 new jobs, as its
worth EUR 3.5 billion electrical appliances, food annual report shows. At the
and create nearly 24,000 production, a center of end of last year, the agency
jobs. Investors from various shared services, and others. registered 69 investment
areas have expressed SARIO tries to locate projects in the “phase of
interest in Slovakia. investment projects in active decision-making”,
Potential investments particular in eastern with the planned investment
involve supplies for the Slovakia, which has the volume of up to EUR 2.9
automotive industry as highest unemployment rate. billion and a potential to
well as the electrotechnical SARIO Agency completed create over 19,000 jobs.
industry, production of twenty investment projects
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9. SARIO NEWS
we wAnt tO help
SlOvAkiA tO grOw
On June, 24 2011 SARIO will be perceived as a driver As one of the most effective
organized at its premises in of growth and innovation and tools we see proactive search
Bratislava a press conference. as a gateway for investment of foreign investment include
into Slovakia for foreign establishment of SARIO
investors and local partners. representative offices in
The conference was attended key regions of the world.
by Minister of economy of the
Slovak Republic Juraj Miskov, SARIO wants to contribute
SARIO CEO Robert Simoncic, to the development of the Investment Support
Deputy CEO and Director of Slovak economy by attracting Association (ISA) has been
the Foreign Direct Investment new investments and trade established in order to
Section Andrea Gulova and promotion, both resulting in support SARIO in fullfilment
ISA Executive Committee the number of new jobs and of its strategy. It represents a
member Michal Kviecinsky. increased living standards. group of reputable companies
Priority will be given to providing a wide range of
investments into R&D. services for investors.
SARIO launched a new
strategy with a main goal to
build a modern agency, which (More information on page 10)
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10. SARIO NEWS
What is Investment Wide range of
Support ISA services
Association ISA? • Legal services;
ISA is an association
of corporate entities
and companies doing
• Real Estate Consultancy;
• Environmental consultancy;
business in Slovakia. • Financial consultancy
audit and tax services;
• Management
ISA represents companies
plAtfOrm of all sectors operating in
advisory services;
• Quality management;
Slovakia, offering a wide
range of professional services
fOr inveStOr for investors enabling smooth
• Personnel consultancy and
recruitment, executive search;
implementation of their
• Architecture and design;
SUppOrt investment objectives.
• Project and Construction
The Association serves as the
Management;
“think- tank“ or “support
base“ to satisfy needs • Construction – Engineering,
of SARIO, its marketing • IT and Telecom Services;
and project activities in • other Professional services
Slovakia and abroad.
In cooperation with ISA
partners, the association Investment Support
provides financial and Association was established
organizational support on General meeting ISA on
for SARIO, with the the 5th May 2011, where
support of its investment the founding members have
promotion activities to boost signed a memorandum
economic development in approved by the ISA Code of
all regions of Slovakia. Ethics, as well as intended
person authorized to act
on behalf of the ISA.
ISA objective On establishing a general
I SA assists the SARIO
Agency and provides
professional services based
meeting were also approved
and appointed members to
the bodies of the Association
upon effective cooperation and the Board of Directors,
of all ISA members. Actively Supervisory Board and
support the improvement Executive Committee.
of the Slovak business
environment and FDI
inflow. Create a forum for
networking opportunities
among investors and Slovak
political and business elites.
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11. 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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