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Country data

Population:
5.4 million
Area:
49,000 sq km
Capital:
Bratislava
Currency:
Euro

Key developments and challenges

  • Economic growth is at its weakest since the 2009 recession. The current downturn underlines the Slovak Republic’s continued exposure to international trade shocks for a small set of cyclical industries, and weak domestic demand.
  • The Slovak Republic has persisted with a demanding programme of fiscal consolidation, which is driven, in part, by domestic debt limits. This was supported by new tax revenues, including a doubling of the bank levy.
  • There have been sizeable divestments by foreign investors in the energy sector. These have been taken over by investors that are partly domestically owned. Also, foreign investment in the health insurance sector is to be transferred into state ownership, which has led to protracted disputes with a number of investors.

Slovak Republic in the 2013 Transition Report

Slovakia at night

Our work in the Slovak Republic

In the Slovak Republic we are supporting small business and investing in energy efficiency and renewable energy.

Slovak Republic

Key facts about the EBRD's work in the Slovak Republic

No. of projects

124

Net EBRD investment

€2.0 billion

Gross disbursements

€1.7 billion

Portfolio in private sector

100%

 

Last updated 31 December 2013

View factsheet


Our strategy in Slovak Republic

The Bank’s priorities in the Slovak Republic are to foster the continued availability of credit to small and medium-sized enterprises (SMEs) and municipalities through local banks. The Bank will promote investments in the diversification of energy supply, in energy efficiency and renewable energy to enhance energy security, reduce energy intensity and meet environmental targets through the expansion of the existing Sustainable Energy Financing Facility.

Read strategy

CONTACTS

Europeum Business Centre
Suché Mýto 1
81103 Bratislava
Slovak Republic
Tel: +421 2 59101700
Fax: +421 2 59101750