SAMBA - SABO - 9.12.2014
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The document discusses foreign direct investment opportunities in Slovakia. It provides an overview of the services offered by SARIO to support investors, including tailored solutions, investment incentives consultancy, and promotion events. Key reasons to invest in Slovakia include its stable political and economic environment, central location, skilled and productive workforce, and attractive incentives. The document shares success stories from investors in various industries and countries that have established operations in Slovakia.
SAMBA - SABO - 9.12.2014
- 1. Foreign Direct Investments Roman Sabo Head of Investment Division 9.12.2014 Slovakia
- 2. SARIO
- 3. SARIO Investment Promotion Services I A package of services POTENTIAL in-depth information about Slovakia tailor-made solutions – HR, real estate, legal sourcing ESTABLISHED expansion, local suppliers, relocation, work permits I Investment incentives consultancy industry shared services centers technology centers tourism I M&A I Outbound investments consultancy I Investment promotion events in Slovakia abroad Services Free of Charge
- 4. Why Slovakia
- 5. TOP Reasons Why to Invest in Slovakia I Safe investment environment: political and economic stability I Central European hub & favourable geographic location with great export potential I Official currency EURO as one of a few countries in CEE I Fastest growing Eurozone member within the last 10 years (CAGR) I 10 Year CEE Leader in DB 2004 – 2013 /World Bank/ I 6 Year CEE Leader in Property Rights Security in 2008 – 2013 /PRA/ I CEE leader in labour productivity and in TOP 10 hard working countries /OECD/ I High adaptability of labour force to different culture management styles I Low overall Tax Burden I No 9 worldwide in adapting to new technologies & high innovation potential I Large selection of industrial land & offices I Attractive investment incentives
- 6. Success Stories in Slovakia
- 7. Great Brands Gather in Slovakia, Medium High-Tech Medium-High Technology: Manufacturing Chemistry Electrical Defence industry equipment Machinery equipment Automotive industry, supplier sector Other transport equipment Medical and dental instruments
- 8. Great Brands Gather in Slovakia, High-Tech High-Tech Services: Knowledge Intensive Creative, movie, TV industry and ICT Scientific research and development (biotech, medical, engineering etc.) High-Technology: Manufacturing Pharmacy Computer, Air and electronic and optical products spacecraft industry
- 9. Slovakia: Success Stories from around the World CANADA MAGNA SLOVTECA, KraussMaffei Technologies, Martinrea Slovakia Fluid Systems, Slomatec US Steel, Emerson, DELL EMEA Centre OMV, Mercedes- Benz, Schenker, SPAIN GERMANY Erste Group FRANCE KOREA JAPAN TAIWAN CHINA USA PSA Peugeot Citroen, Dalkia, Orange, Bourbon, CCN, Alcatel R&D Siemens, Volkswagen, T-Systems, Continental Aluminiuim Cortizo, Jobelsa, Cikautxo, OHL, O2 of Excellence, Whirlpool, IBM, HP European IT Operation Centre, Johnson Controls AT&T, Accenture, Amazon KIA Motors, Samsung, Hyundai Mobis Panasonic, Sanyo SIIX, SEWS, Misuzu, Minebea, Trim Leader, Brother Industries, Yazaki, U-Shin, Makino, Takenaka, Tamura, Yamagata, Taisei AU Optronics, ESON, Foxconn, Delta Electronics Lenovo UK SPC International, KMF, BOXPERFECT, Amylum, Hi-Tech Mouldings ITALY Magneti Marelli, Brovedani, SISME, CAME, ZANINI SWITZERLAND Swiss RE, Schindler, Holcim, Novartis, Vetropack, Slovaktual, Franke Source: SARIO, 2014 AUSTRIA BRAZIL Embraco
- 10. Schifting from production to services I 52 established ICT and SSC I Personnel over 40 000 with college/ university education excellent language skills
- 11. Key Numbers
- 12. Investment Projects by Country SARIO 2002-2013 64 44 30 27 22 19 18 17 17 17 16 12 10 Source: SARIO, 2014
- 13. Investment Projects by Industry SARIO 2002-2013 Textile 5% Rubber and Plastic 17% Metal Products 21% Electronics 18% Automotive 30% R&D 2% SSC&CC 7% Source: SARIO, 2014
- 15. Unemployment & Registered Job Seekers Average level of unemployment in Slovakia reached 14,2 % as of 2013. ŽILINA REGION 12,51 % 41 376 job seekers PREŠOV REGION 19,35 % 75 391 job seekers KOŠICE REGION 17,23 % 63 287 job seekers BANSKÁ BYSTRICA REGION 18,26 % 60 549 job seekers TRENČÍN REGION 10,74 % 32 122 job seekers TRNAVA REGION NITRA REGION 12,52 % 43 960 job seekers 9,16 % 26 630 job seekers BRATISLAVA REGION 6,17 % 20 910 job seekers *Represents only the number of seekers registered at the unemployment office. Please note, that many job seekers are not registered. Source: www.upsvar.sk, annual 2013, updated 2014 Total Number of jobseekers: 364 225
- 16. Eligible Projects Industry Shared Service Centers Technology Centers Tourism
- 17. Basic Features I Targeted at regions with high unemployment rate I Final decision: Slovak government I Administrative body: Ministry of Economy of SR I Investment intensity up to 35% from eligible costs I ELIGIBLE COSTS : LAND BUILDINGS NEW MACHINERY & TECHNOLOGY EQUIPMENT LICENSES & PATENT RIGHTS OR WAGE COSTS OF NEW EMPLOYEES DURING 2 YEARS I FORMS: INCOME TAX RELIEF up to 10 tax periods CASH GRANT (paid ex-post, based on annual costs report) CONTRIBUTIONS ON NEW JOBS (paid ex-post, based on annual costs report) Legal framework: Act no. 561/2007 Coll. on Investment Aid
- 18. Statistics, 2002 - 2013 139 supported projects € 7.16 bn initial eligible investments 47 602 newly created job positions € 1.44 bn aid granted 20% average aid intensity 30 000 EUR average aid per 1 newly created job position 47% share of tax relief on total granted aid
- 19. People - our key asset
- 20. Slovak Employees: Perception by Foreign Investors Country of origin: USA Field: SSC – DELL Business Centre Bratislava Veit Dengler, General Manager, 2009 „Among the important factors were the legal system, the state of the economy, the business climate and the quality of governance. The number one criterion, however, were the people. It was they who had the greatest impact on our company’s growth. In 2001, we didn’t say we’d be employing 2 000 employees here by 2008. “ Country of origin: SPAIN Field: Metal Processing Aluminium Raquel Cortizo Almeida, Supervisory Board, 2012 „Slovak people work very hard, they are modest, value the security and stability with desire to work, improve themselves and can easily adopt to new working environment.“ Source: SARIO, 2013 Country of origin: BRAZIL Field: Manufacture of electrical equipment Luiz Henrique da Silveira, 2013 „Slovak people are highly creative and disciplined.“ Country of origin: GERMANY Field: Automotive Dr. Andreas Tostmann, Former CEO Volkswagen Slovakia, 2011 „Slovak employees gained the Lean production & Green Efficiency Award for VW Slovakia through innovation, excellent performances, application of lean production tools/workshops.“
- 21. Slovakia: Slovak Managers Are Best Viewed By Expats How do senior expatriate managers view management culture in Slovakia, Czech Republic, Hungary and Poland? SK decisions acceptance ✔ flexibility/adaptability ✔ initiative ✔ teamwork ✔ taking responsibility ✔ less bureacracy ✔ company loyalty ✔ cooperation in ✔ working process deadline acceptance ✔ organized management ✔ “My organization has a high population of young managers who are dedicated and industrious, ” British Manager “My manager colleagues are highly motivated and educated. My Slovak colleagues demonstrate a sharp mind and tend to learn quickly,” German Manager Source: TARGET International Executive Search, Henley University of Reading, UK, 2009
- 22. Slovakia: Loyal Labourforce Average number of lost working days due to industrial action 2005 - 2009 132 per 1 000 employees , 2005 - 2009 39 17 24 6 6 7 8 2 0 50 100 150 Slovakia Hungary Romania Poland Lithuania Slovenia United Kingdom Ireland France Source: European Industrial Relations Observatory EIRO as of Sep 2013 (last update 25 Aug 2010)
- 23. SLOVAKIA 5th best tourist destination by Lonely planet
- 24. Thank you for your attention For more information, please contact at: Slovak Investment and Trade Development Agency Trnavska cesta 100 821 01 Bratislava Slovakia Tel. +421 2 58260 100 Email invest@sario.sk; trade@sario.sk