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Country data

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

Key developments and challenges

The largely foreign-owned banking sector has weathered the financial crisis well, although credit to the private sector shows little growth and lending standards remain tight. The economic recovery needs to become better established to improve lending conditions, and cooperation with home country supervisors may need to be strengthened, including through the new European framework.

The development of alternative energy sources, including renewable energy, and the promotion of greater energy efficiency continues to lag behind regional standards, highlighting the need for greater emphasis in this critical area.

The economic crisis has led to a sharp rise in the public deficit due to a significant drop in revenues. It is therefore essential that the new government puts in place a credible fiscal consolidation strategy, especially in the areas of health, social security and pensions.

More developments and challenges
Slovakia at night

Our work in the Slovak Republic

In the Slovak Republic we are suppporting 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

123

Net business volume

€1.6 billion

Total project value

€5.9 billion

Gross disbursements

€1.4 billion

Portfolio in private sector

100%

 


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