TheMarketingSite.com

Countries

Slovakia

Slovakia (/sloʊˈvækiə, slə-, -ˈvɑː-/; Slovak: Slovensko [ˈsloʋensko] ), officially the Slovak Republic (Slovak: Slovenská republika, ), is a landlocked country in Central Europe.

It is bordered by the Czech Republic and Austria to the west, Poland to the north, Ukraine to the east and Hungary to the south.

Slovakia's territory spans about 49,000 square kilometres (19,000 sq mi) and is mostly mountainous.

The population is over 5 million and comprises mostly ethnic Slovaks.

The capital and largest city is Bratislava.

The official language is Slovak, a member of the Slavic language family.

The Slavs arrived in the territory of present-day Slovakia in the 5th and 6th centuries.

In the 7th century, they played a significant role in the creation of Samo's Empire and in the 9th century established the Principality of Nitra.

In the 10th century, the territory was integrated into the Kingdom of Hungary, which itself became part of the Habsburg Empire and the Austro-Hungarian Empire.

After World War I and the dissolution of the Austro-Hungarian Empire, the Slovaks and Czechs established Czechoslovakia.

A separate Slovak Republic (1939–1945) existed in World War II as a client state of Nazi Germany.

In 1945, Czechoslovakia was reestablished under communist rule as a Soviet satellite.

Slovakia became an independent state on 1 January 1993 after the peaceful dissolution of Czechoslovakia.

Slovakia is a high-income advanced economy with a very high Human Development Index, a very high standard of living and performs favourably in measurements of civil liberties, press freedom, democratic governance and peacefulness.

The country maintains a combination of market economy with universal health care and a comprehensive social security system.

The country joined the European Union in 2004 and the Eurozone on 1 January 2009.

Slovakia is also a member of the Schengen Area, NATO, the United Nations, the OECD, the WTO, CERN, the OSCE, the Council of Europe and the Visegrád Group.

Slovak economy is one of the fastest growing economies in Europe and 3rd fastest in eurozone.

Its legal tender, the Euro, is the world's 2nd most traded currency.

Although regional income inequality is high, 90% of citizens own their homes.

In 2016 Slovak citizens had visa-free or visa-on-arrival access to 165 countries and territories, ranking the Slovak passport 11th in the world.

Slovakia is the world’s biggest per-capita car producer with a total of 1,000,001 cars manufactured in the country in 2015 alone.

The car industry represents 43 percent of Slovakia’s industrial output and a quarter of its exports.

Region:Europe & Central Asia
Income Level:High income
Population, total:0 (2017)
Capital:Bratislava
Longitude:17.1073
Latitude:48.1484
Merchandise trade (% of GDP)

Merchandise trade as a share of GDP is the sum of merchandise exports and imports divided by the value of GDP, all in current U.S. dollars.
Source:World Trade Organization, and World Bank GDP estimates.

Time required to start a business (days)

Time required to start a business is the number of calendar days needed to complete the procedures to legally operate a business. If a procedure can be speeded up at additional cost, the fastest procedure, independent of cost, is chosen.
Source:World Bank, Doing Business project (http://www.doingbusiness.org/).

Exports of goods and services (BoP, current US$)

Exports of goods and services comprise all transactions between residents of a country and the rest of the world involving a change of ownership from residents to nonresidents of general merchandise, net exports of goods under merchanting, nonmonetary gold, and services. Data are in current U.S. dollars.
Source:International Monetary Fund, Balance of Payments Statistics Yearbook and data files.

Imports of goods and services (BoP, current US$)

Imports of goods and services comprise all transactions between residents of a country and the rest of the world involving a change of ownership from nonresidents to residents of general merchandise, nonmonetary gold, and services. Data are in current U.S. dollars.
Source:International Monetary Fund, Balance of Payments Statistics Yearbook and data files.