Slovakia - The world's biggest car manufacturer
It produces more cars per capita than anywhere else in the world.
- Slovakia, officially the Slovak Republic, is a small country in Central Europe, which emerged on 1 January 1993 after splitting from Czechoslovakia. It has an area of 49 036 km2 with a population of approximately 5.43 million.
- The capital of Slovakia is Bratislava. Additional important economic centres include the cities Žilina, Martin, Nitra, Košice, and Banská Bystrica.
- Since 1 May 2004, Slovakia has been a member of the EU. Since 21 December 2007, it has been a member of the Schengen Area. In 2009, Slovakia entered the Euro zone.
- Slovakia has a strong tradition in machine production as well as many qualified and motivated professionals.
- Slovakia is the world’s largest producer of cars per capita. Car production in Slovakia fell slightly to 1.025 million vehicles in 2017 from 1.040 million the year before. Slovakia, with the highest per capita car production in the world, is home to three car plants run by Volkswagen , Kia and Peugeot. A fourth factory run by Jaguar Land Rover is due to come online this year.
Wesconi – Your Business Partner for Central & Eastern Europe
In the last few years, the economic growth of the CEE region has exceeded the overall results of the global economy.
- The core of the CEE region, respectively, Central and Eastern Europe, consists of the countries Czech Republic, Poland, Slovakia, Serbia, Hungary, Romania and Bulgaria.
- Over the last few years, the economic growth of the CEE region has exceeded the overall results of the global economy.
- The region retains the basic conditions for maintaining economic growth. Good prospects are primarily for pro-reform economies, which have entered the EU as a way of improving the business environment and tax and social reforms.
- Each CEE country offers different added value for investors, a specific business environment and of course, own and unique culture.
- Poland, the Czech Republic, Hungary and Slovakia are already internationally known as the BCC (Best Cost Countries), bringing with it an economically very interesting combination of automation, process stability, productivity along with lucrative wage costs.