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The Slovak Republic overview

Cityscape at night

In the Slovak Republic we focus on:

Deepening financial intermediation and support for SMEs. The EBRD’s engagement in the financial institutions sector is focussed on further enhancement of the availability of credit finance to small and medium-sized local enterprises as well as to small municipalities with an emphasis on deepening financial intermediation to SMEs in the less developed regions of the country. The EBRD also seeks to expand programmes implemented through commercial banks providing funding and expert assistance for small energy efficiency and renewable energy investments. We are also pursuing opportunities with financial intermediaries on equity and mezzanine financing.

Supporting investments in infrastructure, energy security and energy efficiency. The EBRD is supporting the development of viable financing structures to secure long term financing for projects in the commercial infrastructure sector through co-operation with other IFIs and private sector participants. We are promoting the diversification of energy supply with a focus on renewable energy sources and energy efficiency throughout sectors to enhance energy security, reduce energy intensity and meet EU environmental targets.

Support cross border co-operation and investments of leading local entities in other countries of EBRD operations in order to enhance their regional presence.

As well as being a country where the EBRD works, the Slovak Republic is also an EBRD donor with about €16 million in donor contributionsThe Slovak Republic has been an important contributor to energy efficiency and municipal infrastructure projects in the Central Europe & Baltics Region, as well as the Caucasus, Türkiye and the Balkans. The Slovak Republic has also contributed to a number of Policy Dialogue and Legal Transition projects, and established a dedicated fund to support the Slovak Sustainable Energy Finance Facility, which has played an important role in financing sustainable energy projects through increased financial intermediation. The Slovak Republic also participates in two multi-donor funds including the Western Balkans Investment Framework and the Eastern Europe Energy Efficiency and Environment Partnership (E5P) Fund.

The EBRD’s latest strategy for the Slovak Republic was adopted on 18 October 2023

Current EBRD forecast for the Slovak Republic’s real GDP growth in 2023 1.4%

Current EBRD forecast for the Slovak Republic’s real GDP growth in 2024 3.0%

After an impressive GDP growth of 4.9 per cent in 2021, the rate of economic growth in the Slovak Republic slowed to 1.7 per cent in 2022 and 1.3 per cent year on year in the first half of 2023. High inflation rates have weighed on households’ disposable incomes, while elevated prices of imported energy have negatively impacted the terms of trade.
GDP growth is anticipated to slow to 1.0 per cent this year, accelerating slightly to 2.2 per cent in 2024 as households’ purchasing power starts to improve.



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