Outsourcing in Slovakia

Overview

Capital: Bratislava

Official EU language(s): Slovak

EU member country: since 1 May 2004

Currency: euro. Slovakia has been a member of the Eurozone since 1 January 2009.

Schengen: Slovakia joined the Schengen area on 21 December 2007.

Figures: Geographical size – population – gross domestic product (GDP) per capita in PPS

Political system

Slovakia operates as a parliamentary democratic republic with a prime minister serving as the primary executive authority and a president as the formal head of the executive, albeit with limited powers. The country is divided into 8 regions, each named after its principal city, and has enjoyed a degree of autonomy since 2002.

Trade and economy

In 2020, Slovakia’s economy was characterized by key sectors including industry (24.1%), wholesale and retail trade, transport, accommodation, and food services (18.4%), and public administration, defense, education, human health, and social work activities (16.8%).

Within the EU, Slovakia’s exports primarily target Germany (22%), Czechia (11%), and Poland (8%), accounting for 79% of total exports. Outside the EU, 4% of exports are directed to both the United States and the United Kingdom, with an additional 3% going to China.

Imports predominantly originate from EU countries, representing 80% of total imports, with Germany (20%), Czechia (18%), and Austria (9%) being significant contributors. Beyond the EU, 4% of imports are sourced from South Korea and China, while 3% come from Russia.

Slovakia in the EU

European Parliament

Slovakia is represented by 14 members in the European Parliament.

European Parliament office in Slovakia

Council of the EU

Slovak government representatives actively participate in Council meetings to adopt EU laws and coordinate policies.

Presidency of the Council of the EU

Slovakia held the Presidency of the Council of the EU in July-December 2016.

European Commission

Maroš Šefčovič represents Slovakia as the Commissioner nominated to the European Commission, overseeing the European Green Deal, Interinstitutional Relations, and Foresight.

European Economic & Social Committee

Slovakia contributes 9 representatives to the European Economic and Social Committee, offering consultation on proposed laws affecting work and social situations.

European Committee of the Regions

With 9 representatives on the European Committee of the Regions, Slovakia ensures regional perspectives are considered in proposed laws.

Permanent representation to the EU

Slovakia maintains communication with EU institutions through its permanent representation in Brussels, ensuring effective pursuit of the country’s interests and policies within the EU.

Budgets and Funding

Slovakia’s contributions to the EU budget are determined based on its economic capacity, supporting various programs and projects across EU countries. The EU budget prioritizes the needs of Europeans as a whole.