The EBRD in the Slovak Republic

Overview
In depth
Data
News
Contacts

Bratislava cityscape, view of the old town

The EBRD has been investing in the Slovak Republic since 1993

In the Slovak Republic, we focus on deepening financial intermediation and support for small and medium-sized enterprises (SMEs), supporting investments in infrastructure and energy security, and providing support for cross-border cooperation and investment.

A Slovak success story: the Slovak Republic's accession to the EU called for the closure of two Soviet-era nuclear reactors, which required an upgrade of the country’s electricity transmission network. The EBRD manages the decommissioning support fund that financed the work.

166

Number of projects to date

€3,126m

Cumulative EBRD investment

€2,949m

Cumulative disbursements

100%

Private sector share of portfolio

Number of active portfolio operations

€659m

Current portfolio of projects

€633m

Operating assets

Equity share of portfolio

1 January 1993

Joined the EBRD

145,280

Capital subscription (€000)

EBRD Governor: Ladislav Kamenický
EBRD Alternate Governor: Peter Kažimír
EBRD Board Director: Tamás Vojnits
EBRD Board Alternate Director: Klára Król

EBRD Shareholders information

In the Slovak Republic, we focus on deepening financial intermediation and support for small and medium-sized enterprises (SMEs), supporting investments in infrastructure, energy security and energy efficiency, and providing support for cross border co-operation and investment.

Focus areas

Deepening financial intermediation and support for SMEs

The EBRD’s engagement in the financial institutions sector focuses on further enhancing 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 Bank also seeks to expand programmes implemented through commercial banks that provide funding and expert assistance for small energy-efficiency and renewable-energy investments. In addition, we are 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 cooperation with other international financial institutions and private-sector participants. We are promoting the diversification of energy supply, with a focus on renewable energy sources and energy efficiency in various sectors to enhance energy security, reduce energy intensity and meet European Union environmental targets.

Supporting cross-border cooperation and investment

We are supporting cross-border cooperation and investment by leading local entities in other EBRD economies, in order to enhance the regional presence of these firms.

As well as being a country where the EBRD invests, the Slovak Republic is an EBRD donor, having made about €16 million in donor contributions. The Slovak Republic has contributed to a number of policy-dialogue and legal-transition projects, as well as supporting technical assistance for energy efficiency and municipal infrastructure across EBRD’s regions. The Slovak Republic 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 country strategy for the Slovak Republic was adopted on 18 October 2023.

1.4%

EBRD forecast for the Slovak Republic’s real GDP growth in 2025

1.8%

EBRD forecast for the Slovak Republic's real GDP growth in 2026

As the global leader in car production per capita (with 182 cars produced per 1,000 inhabitants last year), the Slovak economy will likely be the hardest hit by the increased US tariffs among EU economies. Since 3 April 2025, a 25 per cent tariff has been imposed on car imports to the US, and from May, the same levy is expected to apply to car parts. The value of Slovak exports to the US amounted to almost 4 per cent of GDP in 2023, with the vast majority being automobiles. The Slovak plants of Volkswagen and Jaguar Land Rover are particularly vulnerable, with the former exporting a quarter of its production to the US market. The central bank estimates that increased trade barriers could jeopardise up to 20,000 jobs in the Slovak Republic and cause a €5 billion shortfall in exports. Beyond the direct impact of US tariffs, the anticipated economic slowdown among key trading partners will also affect its export-driven economy. A diversification towards defence production could partially mitigate these impacts.

Taking all these developments into account, real GDP growth is expected to decelerate sharply, to 1.4 per cent in 2025 and 1.8 per cent in 2026. Private consumption is anticipated to continue driving growth despite fiscal consolidation and the increase in the rate of value added tax (VAT) from 20 per cent to 23 per cent in effect from January 2025.

Slovak Republic strategy and snapshot

Slovak Republic private-sector diagnostic

PDF format / 2.20 MB

Download

Slovak Republic strategy

PDF format / 0.60 MB

Download

Local language translation

PDF format / 1.02 MB

Download

Report on public comments

PDF format / 0.69 MB

Download

Contact the EBRD in the Slovak Republic

Head of Office: Anca Ioana Ionescu

Address:

EBRD Bratislava Resident Office, Europeum Business Centre, Suché Mýto 1, 81103 Bratislava, Slovak Republic

Telephone:

+421 2 59101700

Our story

How we invest in changing lives

What we offer for businesses

Search

The EBRD in the Slovak Republic

A Slovak success story: the Slovak Republic's accession to the EU called for the closure of two Soviet-era nuclear reactors, which required an upgrade of the country’s electricity transmission network. The EBRD manages the decommissioning support fund that financed the work.

Focus areas

Deepening financial intermediation and support for SMEs

Supporting investments in infrastructure, energy security and energy efficiency

Supporting cross-border cooperation and investment

Slovak Republic strategy and snapshot

Contact the EBRD in the Slovak Republic

The EBRD in the Slovak Republic

A Slovak success story: the Slovak Republic's accession to the EU called for the closure of two Soviet-era nuclear reactors, which required an upgrade of the country’s electricity transmission network. The EBRD manages the decommissioning support fund that financed the work.

Focus areas

Deepening financial intermediation and support for SMEs

Supporting investments in infrastructure, energy security and energy efficiency

Supporting cross-border cooperation and investment

EBRD invests €76 million in VGP green bonds

EBRD leads US$ 12 million fundraising round for robotic solutions company Brightpick

New EBRD strategy for the Slovak Republic: a green, resilient economy

Donor Partnerships

Project financing enquiries

Media enquiries

Our products and services

Where we invest

Our sectors