A brief overview of Slovakia

Recent history

Until 1918, Slovakia formed part of the Hungarian part of the Austrian-Hungarian Empire. At the time, the main economic drivers were mining and agriculture, while industrial production was underdeveloped. Post-1918, Slovakia formed part of Czechoslovakia. During this period, the Slovakian economy more or less stagnated. Small-scale agriculture was the main source of income and the road network was far from ideal. Only the machine and chemical industry started to show signs of development.

After the Second World War, Slovakia was the scene of a large-scale industrialisation process. During the communist era, industrial production was booming, taking a leading position in the Slovakian economy. Fast progress was made in the field of transport and also the quality of the road network started to improve.

On 1 January 1993, Czechoslovakia was divided into the Czech Republic and Slovakia. This was the birth of the Slovakian Republic, the sovereign and democratic state as it is known today.

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Economy and trade

Today, industrial production forms an important part of the economy. The main industries are the machine and chemical industry.

Thanks to its strategic location, Slovakia serves as a hub for European trade routes and plays an important role in international transport traffic.

Since the introduction of the flat rate tax system in 2004, Slovakia has proven to be extremely popular with foreign investors. Major manufacturers such as Kia, PSA Peugeot Citroen, Volkswagen, Samsung and Whirlpool have set up business here and capitalise on the low (wage) costs and tax advantages. They in their turn have attracted various suppliers, as a result of which production capacity has shot up.

Slovakia and the European Union

Slovakia has been a full member of the European Union since 1 January 2004. At the end of 2007, its borders were opened for the free movement of goods and persons, in accordance with the Schengen Treaty. And on 1 January 2009, the Euro was introduced in Slovakia.

Locatian

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Slovakia is located in central Europe. In the north, it shares a border with Poland, in the south with Hungary and in the east with the Ukraine. In the northwest, it borders the Czech Republic and Austria in the southeast.

The border with Austria is partly formed by the Danube River. This is also were you can find the capital, Bratislava. This is only 60 kilometres from Vienna.

The distance between Utrecht and Bratislava is 1200 kilometres. Direct flights from Amsterdam and Brussels are available to Bratislava, from where you can transfer to Kosiče in the east.

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