Business in Slovakia

The objectives of the subject “International Trade and Business in” Slovakia” are the following:

1. To analyze the Slovak Economy and Foreign Trade
2. To know the business opportunities in the Slovak Market
3. To analyze the trade relations of Slovakia with the country of the student
4. To know the Slovak trade agreements as a member of the EU
5. To develop a business plan for the Slovak Market

The Subject “Foreign Trade and Business in Slovakia” belongs to the following Online Programs taught by EENI Global Business School:

Doctorate: European Business, World Trade.

Masters: International Business, Foreign Trade.

Masters adapted to Slovak Students.

Languages: + Eslovaquia Slovaquie Eslováquia.

1. Credits of the Subject “Doing Business in Slovakia”: 1
2. Duration: one week

Slovak Preferential Access and Trade Agreements:

1. Slovakia and the European Economic Area
2. The EU
   1. European Customs Union
   2. The EU Services Directive
   3. European Digital Single Market
   4. As a member of the EU, Slovakia is a beneficiary of the EU Trade Agreements
3. Central European Initiative
4. Regional Cooperation Council
5. Organization of the Black Sea Economic Cooperation (observer country)
6. Council of the Baltic Sea States (observer country)

1. WTO
   1. Agreement on Sanitary and Phytosanitary Measures
   2. GATS
   3. Agreement on Technical Barriers to Trade
   4. Agreement on Preshipment Inspection
   5. Agreement on Safeguards
   6. Trade Facilitation Agreement
2. WCO
   1. Kyoto Convention
3. ICC
4. COTIF Convention
5. BIC (Containers)
6. Chicago Convention (ICAO)
7. International Maritime Organization
   1. Convention Relating to Temporary Admission
8. Hamburg Rules
9. CMR Convention (UN)
10. CIM & CIT Rules (Rail)
11. Customs Convention on Containers
12. Organization for Cooperation between Railways (OSJD)
13. Convention on the Harmonization of Frontier Controls of Goods
14. IRU
    1. TIR Convention
    2. Guidelines on Safe Load Securing for Road Transport

1. EU
2. UNECE
3. EBRD
4. OSCE

1. Asia-Europe Meeting
2. OECD
   1. OECD anti-corruption measures
3. UN
   1. UNCTAD
   2. ITC
   3. WIPO
4. WB
5. WTO
6. IMF
7. CPLP (observer country)

The Slovak Republic (Europe).

1. Capital of Slovakia: Bratislava
2. Official Language of Slovakia: Slovak
3. Area of Slovakia: 49,035 km²
4. Slovak Population: 5.4 million people
5. Type of Government of Slovakia: Parliamentary Republic
6. Borders of Slovakia: Austria, Poland, Ukraine, Hungary and the Czech Republic
7. Independence of Slovakia: 1991 (Soviet Union)
8. On 1 January 1993, the Czech Republic and Slovakia separated

Religion in Slovakia: Catholicism (Christianity).

Slovakia belongs to the European Economic Area.

Economy of Slovakia.

1. The automobile manufacturing sector is vital for the Slovak Republic
2. Slovak GDP (nominal): 109,587 million dollars;
   1. Agriculture: 4%
   2. Industry 36%
   3. Services 60%
3. GDP per capita: 22,241 dollars
4. Slovak Currency: Euro (2009)
5. Slovakia belongs to the EU since 2004
6. Top Slovaks Industries: cars, textiles, rubber, gas, petroleum, chemical products, paper, machinery

Slovak Foreign Trade.

1. The main Slovaks exports are vehicles, machinery, electric appliance, chemical products
2. Top Slovaks exports destinations: Germany (21%), the Czech Republic, Poland, Hungary, Austria
3. The main suppliers of Slovakia are Germany (19%), the Czech Republic, Hungary, Poland
4. As a member of the EU, Slovakia is a beneficiary of the EU trade agreements with the ASEAN, Egypt, Jordan, Lebanon, Ukraine, Moldova, Georgia...

(c) EENI Global Business School (1995-2023)
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