Select a category below to view the opportunities and services we currently feature for Slovakia
General country information
Slovakia, formerly part of Czechoslovakia, itself created as a
state at the end of World War I, became an independent republic
in 1993. As part of Czechoslovakia, and despite the spring uprising
of 1968, it had been within the Communist bloc from 1948 to 1989.
Since 2004 it has been a member of the EU.
Landlocked, Slovakia has borders with the Czech Republic and
Austria to the west, Hungary to the south, Ukraine to the east,
and Poland to the north. Vienna is just 30 miles away –
within commuting distance - and Budapest and Prague just a few
Mountains dominate the central and northern parts of the country
while the south is mainly lowland. It has a temperate climate.
The Foreign Office reports that in 2004, Slovakia was commended
in a World Bank report for improving its investment climate, joining
the 20 ‘easiest’ countries in the world for doing
business. ‘Recent economic policy in Slovakia has resulted
in strong growth with falling inflation and budget deficits, keeping
the country on course to join the Euro in 2008/9’.
The UK is the sixth largest investor in Slovakia. One major investment
was the acquisition by Tesco Stores of seven department stores
in 1996, and the more recent major development of a chain of hypermarkets.
Tesco is now the top retailer in Slovakia, and has 32 hypermarkets
and five department stores. Other major UK investors are Shell,
Provident Financial, CP Holdings (Slovakia’s biggest health
spa, in Pieštany), and Tate & Lyle. Next, Mothercare
and Accessorize are among the established and well-known franchises
that have recently opened stores in Bratislava.
Again the Foreign Office reports a thriving British Council presence
in Slovakia. The Council promotes English language teaching, educational
partnerships and academic links, as well as exchanges in the arts,
science and culture. It works with the Embassy and Slovak partners
to foster good governance.
It says Slovakia shares a threat from terrorism with the rest
of Europe. ‘Attacks could be indiscriminate and against
civilian targets’. However, ‘most visits to Slovakia
are trouble-free. The main type of incident for which the
majority of British nationals required consular assistance in
Slovakia in 2006 was petty theft’.
There is a growing incidence of such theft in Bratislava where
pickpockets operate around the main tourist areas, and foreigners
are easily identified and targeted.
‘More serious crime does happen in Slovakia but is not targeted
at tourists or visitors and tends to be a result of disputes between
warring criminal factions’.
Visas are not required for British citizens to enter Slovakia. Those
intending longer stays should register with the Police within
three days of arrival and can apply for a Slovak ‘green
card’, which can then be used as proof of identity (otherwise
visitors must carry their passports at all times).
Being EU citizens, UK investors can buy property in Slovakia,
although there are restrictions on the purchase of agricultural
land and forestry.
Property in transferred by way of a pre-purchase commitment to
buy – when a deposit is paid – followed by a surveyor’s
report, completion (signing of the final document before a notary)
and registration with the land registry – the Kataster.
This last step to formal ownership can take some weeks although
it is possible to pay for accelerated registration.
The law requires that registration including a plan and description
of the property, the name of the registered owner and details
of any charges over the property or restrictive covenants or easements.
Mortgages are available from Slovakian banks. Buying costs are
estimated to be between 2 per cent and 6 per cent.
information - Slovakia
||Bratislava, Koaice, Nitra,
age of population:
Hours (to Vienna)
||Cool summers; cold, cloudy,