SARIO GOOD SLOVAK INVESTMENT AND IDEA TRADE DEVELOPMENT AGENCY 01/2021 Why SLOVAKIA

Key Facts Why SLOVAKIA Should Be Your Next Investment Destination WHY SLOVAKIA WHY SLOVAKIA

GENERAL INFORMATION

Total Area 49,035 km2 Population 5.4 million Why Closer Than Capital City Member Of European Union, Eurozone, Schengen Area, OECD, WTO, NATO SLOVAKIA You Think Time Zone GMT +1 hour

This publication is designed to provide SLOVAKIA is situated in the geographical center of an overview of Slovak investment & business Europe and is accessible from all key European economic environment including its key sectors. The main hubs. As a fully integrated EU member, Slovakia is a part purpose is to illustrate what SLOVAKIA has to offer of its internal market, which means that around 500 and why it should be considered as an ideal location million EU citizens can be easily accessed. for various types of businesses — ranging from manufacturing, global services and IT centers to research & development.

BRATISLAVA

Helsinki 600 million Oslo clients in radius Stockholm of 2,000 km Tallinn

Moscow Edinburgh Riga

Copenhagen Dublin Kaliningrad Vilnius

Minsk

Amsterdam London Berlin Warsaw

Brussels Kiev

Luxembourg Prague Paris

BRATISLAVA Vienna Chisinau Bern Budapest Ljubljana Bucharest Zagreb Belgrade Sarajevo Sofia

Madrid Podgorica Lisbon Rome Skopje Tirana

Athens

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LOCATION Strategic location in the heart 1 of Europe with great export potential

SAFETY & STABILITY One of the safest and politically 2 most stable countries in Europe 10 (source: Credit Insurance Group Credendo) EUROZONE A member of the Eurozone since 3 2009 as one of the few in Central REASONS & Eastern Europe

QUALIFIED WORKFORCE Cost–effective, skilled and 4 loyal labour force with excellent multilingual skills

PRODUCTIVITY Why to Consider The highest labour productivity 5 rate in Central & Eastern Europe SLOVAKIA as (source: OECD) INVESTOR–FRIENDLINESS Slovak government is continuously 6 increasing the quality of local Your Investment business & investment environment

INNOVATIVE ECOSYSTEM The highest share of higher added– Destination 7 value jobs in CEE, ready for new investments into R&D and innovation

OPENESS One of the most export oriented 8 and open economies in the EU SLOVAKIA offers a competitive (source: Eurostat) business environment including several DEVELOPED INFRASTRUCTURE distinctive features, which set Slovakia apart Developed and steadily growing 9 infrastructure network with regards from other CEE (Central & Eastern Europe) to road, railway & flight connections countries and thus represent a unique INCENTIVES value proposition for investors. Attractive investment incentives 10 scheme and special tax regimes for R&D activities

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Macroeconomic Overview

SLOVAKIA is experiencing an ongoing economic expansion, driven by continually increasing domestic demand, as well as booming investments — domestic and foreign. Generally, since 2010 Slovak economy has been growing faster the EU average and is expected to achieve the highest growth in CEE in 2021.

UNEMPLOYMENT SLOVAKIA RATE (%) has euro currency as one of the few in CEE, which contributes to its macroeconomic 9.7 stability Slovak economy 8.1 6.5 has been growing also 5.8 in the terms of quality. Between 2010 and 2019 2016 2017 2018 2019 SLOVAKIA experienced the second highest growth COUNTRY of added value in the CREDIT RATINGS industrial production in the OECD.

A+ A REAL GDP GROWTH (%)

Standard & Poor's Fitch Ratings 6.6 4.0 3.0 2.1 2.3 A2 0

Moody's OECD Country Risk 2016 2017 2018 2019 2021 F*

*All EU countries experienced negative growth in 2020 due to global pandemic. Sources: GDP Growth Data: European Commission, European Economic Forecast Winter 2019; Credit Ratings Data: S&P, Moody’s, Fitch, OECD (2019); Indebtedness Data: Eurostat (2017); Economy Openness Data: Eurostat (2018); Improving Business Enviroment: SARIO (2019)

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Continually Improving

2018 Business Environment New attractive investment incentives scheme

There are several recent activities and measures introduced by the Slovak government to increase the quality 2019 of the Slovak business & investment environment. Electricity price discount for energy–intensive manufactourers

2013 2015 2020 Introduction of RIS3 smart Introduction of R&D Increase of R&D tax national R&D strategy related tax regime — deduction rate to 200% R&D superdeduction

2015 2017 2020 Launch of official dual Decreased corporate Introduction of education system income tax rate to 21% '1 year — 1 set of rules principle' — new legislation on taxes and social contributions always enters into force by January 1

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One of the Lowest Indebtedness in Eurozone

Healthy governmental and corporate finances are linked to low risk of implementation of austerity measures which would negativelly affect business and private sector.

1 36.3 56.4 Lithuania

2 36.9 70.5 Latvia 3 8.4 101.5 Estonia The Most Open 4 66.1 69.3 Slovenia 5 48.0 92.4 SLOVAKIA Economy in the EU 6 59.8 105.7 Germany

7 43.1 129.0 Malta The World Bank 8 70.4 121.0 Austria Ranking

9 59.0 145.4 Finland EXPORT (% OF GDP) Nº 1 10 97.6 129.7 Spain 4TH PLACE IN EU SLOVAKIA ranks as no. 1 11 134.8 107.0 Italy globally in Ease Of Trading Across Borders reflecting the time and cost ST 12 98.1 148.4 France 1 PLACE IN EU associated with the logistical process of exporting/importing goods. 13 117.7 150.1 Portugal 93.1%

14 58.8 221.2 Ireland 81.9% International 15 98.6 185.3 Belgium Chamber of Commerce Ranking 16 176.6 107.7 Greece

17 48.6 241.7 Netherlands Nº 12 18 22.1 306.5 Luxembourg EXPORT OF EXPORT OF SLOVAKIA ranks as no. 12 19 95.5 282.6 Cyprus GOODS GOODS & SERVICES in the world in the Open Markets Index assessing openness to trade, trade policy settings, FDI openness and GOVERNMENTAL DEBT (% OF GDP) PRIVATE SECTOR DEBT (% OF GDP) Source: Eurostat, 2019 trade-enabling infrastructure.

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Dynamically Developing Infrastructure

SLOVAKIA’s national roads network provides safe and efficient travel as well as fast and reliable transportation of goods.

Scheduled flights to London

Krakow, PL (+110km)

Žilina Poprad Prešov

Brno, CZ (+80km) Košice

Trenčín Banská Bystrica

Trnava Nitra

Bratislava Scheduled flights to London, Vienna, Prague, Warsaw, Dusseldorf, Vienna, AT Istanbul and (+50km) more

Scheduled flights to all major European cities motorways in use motorways under construction

st Source: National Motorway Company (2020); Respective Slovak Airports (flight schedules as of May 2019) 1 class roads

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Productive & Skilled Interesting 1 AMONG WORLD LEADERS IN AUTOMATION Labour Force Facts & Rankings Slovakia belongs to TOP 16 countries with the highest number of installed robots in the production industry In SLOVAKIA, investors per 10,000 employees. can find workforce which excels in three major areas — productivity, 2 qualification & labour costs. SLOVAKIA is a regional FDI & TECHNOLOGY TRANSFER LEADER IN CEE leader in labor productivity, Slovakia is CEE leader in the extent while still remaining of bringing new technology to host country (15/125 Global Ranking). cost–competitive on the regional as well as the European level. 3

THE HIGHEST PROPORTION OF HIGHER ADDED–VALUE JOBS The employment in high– and medium– high technology manufacturing sectors and in knowledge– intensive services as a GDP per hour worked (100%) LABOUR PRODUCTIVITY IN CEE (USD) share of total employment is the highest in the region. 43.8 41.1 39.5 37.7 4 32.3 25.9 CONSTRUCTIVE LABOUR RELATIONS Slovakia records the lowest number of lost working days due to industrial actions in Europe (per 1,000 employees). SLOVAKIA Czech Republic Poland Hungary Romania Bulgaria

AVERAGE GROSS MONTHLY SALARIES 5

HARD–WORKING LABOUR FORCE 1,329 EUR Slovakia has the highest percentage 34,125 CZK 1,144 EUR 4,918 PLN 1,131 EUR of people working at night & weekends 367,833 HUF 1,092 EUR 990 EUR in CEE. 4,698 RON 651 EUR 1,273 BGN

Sources: Productivity statistics: OECD (2019); Salaries Data: National Statistical Offices of Respective Countries (salaries as of2019 ); Automation: International Federation Of Robotics (2018); Higher Added–Value Jobs As a % Of Total Employment: Eurostat (2019); Industrial Actions: European Trade Union Institute (2020); FDI & Technology Transfer: World Economic Czech Republic Poland Hungary SLOVAKIA Romania Bulgaria Forum, The Global Competitiveness Report 2019; People Working At Night & Weekends: Eurostat (2020)

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SECONDARY EDUCATION

One Of the Most Educated Workforce Education & Language 91% The proportion of 25—64 years old people with at least Competencies secondary level qualification, compared to an EU average of 78%. Dual Education

The Slovak Government fully implemented a new SLOVAKIA has a well–established system of secondary schools dual education framework facilitating shared theoretical education in schools and practical training in companies. and 34 universities and colleges preparing students for a succesfull Companies joining the new scheme have the advantage of not only benefiting from a prepared and qualified labor force, entry to the labour market in line with employer's requirements. but also of the possibility to utilize a related tax relief.

More than 680 companies and 5,800 students joined the THE HIGHEST ATTAINED EDUCATION dual education in 2019. (25—64 years population)

Secondary THE MOST COMMON FOREIGN LANGUAGES TAUGHT AT SLOVAK Tertiary 95% 40% 14% 3% SECONDARY SCHOOLS Primary 9% English German Russian French

TERTIARY EDUCATION 2018 2019

High Share Of STEM Profiles 135,000 Every 3rd 25—64 years old tertiary–educated adult studied sciences, students 25% technology, and mathematics (STEM) programs. 38,000 graduates Žilina Prešov

Dubnica n. Váhom Ružomberok Košice

Trenčín Banská Bystrica

Trnava Zvolen

UNIVERSITY HUBS Nitra Economics & Business Bratislava Komárno Humanities IT 66% Technical (including IT study programes) Other

Source: Share Of STEM Profiles: OECD (2018); Dual Education Statistics: National Union Of Employers, dualnysystem.sk (2019/2020); Languages Statistics: Eurostat (2018); Source: Eurostat (data for 2019) Universities and Secondary Vocational Schools Statistics: Slovak Centre of Scientific and Technical Information for the Academic Year 2019/2020

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SLOVAKIA is Over the last decade, global corporations one of the most industrialized representing various sectors have selected countries in Pillars of the SLOVAKIA as the top location for their the EU Slovak Economy expansion in the CEE region.

SLOVAKIA prides itself on its industrial heritage which has provided 01 AUTOMOTIVE a stable base for the development of The automotive industry certain sectors such as automotive has a strong tradition, it has been or electronics. the driving force of the Slovak economy and important source of foreign direct investment in the past 20 years. Moreover SLOVAKIA is well located within the European automotive production hub.

over 1 million 275,000 50% vehicles produced people employed directly share of automotive & indirectly in the automotive industry on total industrial in 2019 industry production

Apart from the four operating carmakers, 1st place in the world in the Slovak automotive industry is also the car production defined by its well developed and high per 1,000 inhabitants quality supplier network. As SLOVAKIA is well located within the European automotive production hub, Tier 1—2 suppliers can also benefit from a wider regional market.

Currently, 17 electric or partly electric models are being produced in SLOVAKIA. There is also a growing number of e–mobility suppliers.

Sources: Sector–related data as of 2017 as the latest available, provided by Statistical Office of the Slovak Republic; Statistics for car production: Respective OEMs & International Organization of Motor Vehicle Manufacturers (2019); Statistics for BSC & ICT sector: AmCham Business Service Center Forum Survey 2018; Slovak Game Developers Association (2019); SkillValue (2019); Digital Economy & Society Index Report, 2018, Eurostat, 2018

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03 AEROSPACE

47% share of the MEI on the industrial In the space sector, SLOVAKIA follows up on its decades of production experience in international research programmes as well as participating in two manned space missions. The Machinery & Equipment Industry (MEI) in SLOVAKIA represents one of the key pillars of the Slovak 30+ € 108+ MIL. economy. It has a strong historical background and maintains its stable companies directly revenues generated position in the Slovak industry. involved in the space sector by companies directly with 40+ more active in involved in the space related areas sector

SLOVAKIA’S researchers have been actively involved in 02 MACHINERY & EQUIPMENT INDUSTRY major international missions including Rosetta, BepiColombo, JUICE or JEM–EUSO. These solid research capacities along with a strong base of companies working with electronics, high– precise machinery, progressive materials & ICT have contributed The MEI sector is of crucial importance, not only because of to the recent dynamic growth of space industry. its contribution to the GDP and foreign trade balance, but also for its potential to create jobs and generate innovations. NUMBER OF COMPANIES DIRECTLY INVOLVED IN SPACE SECTOR

Downstream Upstream 8 7 5 4 38% 924+ 3 € 40 BN. of all industrial companies active 1 1 1 1 sales revenue jobs in the sector (20+ FTEs) Earth Positioning/ Spacecraft Ground Launch Vehicle Bio– Spacecraft Stratospheric Production Observation Navigation Components Systems Components technologies Integration Probe Components Solutions

DIFFERENT SUBSECTORS OF MEI (based on turnover) The Slovak aviation industry builds on an old 1% th Fabricated Metal tradition of Slovak inventions, such as early 20 century 12% Products (metalworking) Other Transport th Vehicles parachute or late 19 century helicopter prototype.

75% € 99 MIL. revenues generated by Automotive OEMs & the aviation sector Suppliers

The MEI in SLOVAKIA is closely 1,250 Currently, the sector is represented 12% linked to the automotive industry which by companies developing and producing is the highest contributor to investments employees in aircraft fast ultralight aircrafts, gyrocopters or Machinery in SLOVAKIA. However, it is not the even several prototypes of flying cars, as & Equipment production, maintenance only driver of the sector. Other crucial well as innovative training simulators subsectors of the MEI are machinery, & training and ICT systems. metalworking and production of other Source: Statistical Office of the Slovak Republic, 2019 transportation vehicles. Source: SARIO Materials

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The Slovak EECI reflects both — 05 CHEMICAL & PHARMACEUTICAL INDUSTRY traditional electronics manufacturing SLOVAKIA (power generators, telephones, has over 120 years radios, etc.) and new trends of experience in especially connected to the growing electronics & electrical The chemical industry has traditionally been one of the largest automotive industry (electric motors, components microelectronics, sensors). industry sectors of the Slovak economy. This industry includes a diversified portfolio of hundreds of different products ranging from petrochemicals, rubber and plastic products to pharmaceuticals. 04 ELECTRONICS & € 10,25 BN. 45,000 11.26% ELECTRICAL COMPONENTS revenues of the people employed share of the chemical industry on chemical industry* in chemical industry* the industrial production* The electronics & electrical components industry (EECI) is one of the strongest contributors to NUMBER OF COMPANIES DIRECTLY INVOLVED IN CHEMICAL & PHARMACEUTICAL INDUSTRY (only the companies with 20+ employees are included) the country's GDP and is also one of the biggest employers in the country. Pharmaceutical 16 4 Products Coke & Refined 9.35% 47,000 222 Petroleum Products INNOVATIVE share of EECI on total people employed in companies in EECI SLOVAK BIOTECH COMPANIES 226 MultiplexDX creates & develops 98% manufacturing production the EECI (20+ FTEs) accurate revolutionary cancer diagnostic Rubber & Plastics tests. Glycanostics develops prostate Products diagnostic products with 95%+ accuracy, as well as assay kits for other types DISTRIBUTION OF EECI EMPLOYEES IN SLOVAK REGIONS Tesla Stropkov of cancer and non–oncological diseases. Whirpool, Hengstler, Embraco 52 Leoni, Siemens, Evpu, Delta Electronics, Bel, Elteco, Enics, Hella, Chemicals KraussMaffei, Yura Corporation Stropkov & Chemical

Honeywell, Semikron, Liptovský Products Poprad VAC, Delipro, Vertiv, ZF Active Hrádok Prešov Safety, Hella, Askoll Žilina OMS, Mahle Behr Michalovce TOP COMPANIES FROM CHEMICAL Hydac, Eltek, Košice Senica Trenčín Tesla Liptovský & PHARMACEUTICAL INDUSTRY Hrádok, EDM Klauke, SEZ, Panasonic, Visteon Piešťany Rimavská Sobota RUBBER & PLASTICS PHARMACEUTICAL Senica ElektroConnect, Yazaki Continental Matador Rubber, INDUSTRY CEMM Thome, KE Elektronik, Wiring Technologies, Trnava Nitra IEE Sensing, SEZ Krompachy, BSH Chemosvit Folie, ContiTech Saneca Pharmaceuticals, Prysmian Group, ELCOM, Klauke, Vibration Control Biotika, HBM Pharma, MinebeaMitsumi Imuna Pharm Galanta Vicente Torns, CHEMICALS & CHEMICAL Bratislava SHC, Datalogic, Osram, Kromberg Yura Corporation, PRODUCTS COKE & REFINED Samsung & Schubert ZKW, Semecs, Thorma, Dometic Foxconn, Seong Duslo, Fortischem, BASF, PETROLEUM Nové PPA Controll, Ji Slovakia, Siix Ems, Meroco Slovnaft, Probugas Zámky BEZ Transformátory, SE Bordnetze Seong Ji Slovakia, Sylex, Siemens, MicroStep

*The data include all subsectors: Coke & refined petroleum products, chemicals & chemical products, pharmaceutical products and rubber & plastic products. Source: Statistical Office of the SR, Yearbook of Industry of the SR 2019, SARIO Sources: TopTrend 2019; Finstat; Statistical Office of the Slovak Republic, Yearbook of Industry of the SR 2019

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07 BUSINESS SERVICE CENTER (BSCs)

Thanks to the availability of labour force and its language The majority of IT services skills BSCs in SLOVAKIA are evolving towards centers with in SLOVAKIA are provided by service centers and software higher added–value with greater emphasis on quality houses. On top of that, traditional activities of telecommunication of their services. operators are gradually expanding beyond their standard services and building a more diversified portfolio is becomingan integrated part Slovak 65+ 37,000+ 80% developers were of their business. BSCs already people employed centers provide ranked as the best higher added value functions developers in the established in Slovakia by BSCs & transactional processes world as measured by programming skills testing 06 INFORMATION & program COUNTRY OF ORIGIN

TOP BUSINESS 8% 1% COMMUNICATION TECHNOLOGIES SERVICES CENTERS IN SLOVAKIA Asia South Deutsche Telekom Systems Solutions, America Adient, Henkel Swiss Re, Accenture, IBM, , AT&T, Johnson Controls, The information & communication technologies (ICT) sector has DXC Technology a solid position in the Slovak economy. This is demonstrated by the The Slovak BSCs landscape is presence of foreign owned companies such as Deutsche Telekom dominated by large companies IT & Telecommunications, Asseco, Accenture, Soitron, Atos as well originating from the 28% US & Western as strong domestic companies such as Eset, Sygic. Northern America Europe

4.2% 87,000 55 63% ICT contribution to jobs in ICT games development Europe Slovak GDP sector companies & studios AREAS OF OPERATION SLOVAKIA experienced dynamic growth of the BSC sector & more BSCs are moving up IT SERVICE MARKET Hardware 8% 1% their value chain by creating Services 29% IN SLOVAKIA 9% Centers of Excellence IT Security 22% with specialized New Application positions Projects ICT technologies 15% became an integrated 16% 13% part of the daily life in 24% 11% SLOVAKIA. Their role Application 4% 4% continues to grow which Support 2% is reflected by steadily Accounting IT Other Business Sales & Customer raising adaptability 18% & Finance Infrastructure Services Marketing Service Procurment IT Application HR & Payroll of the Slovak population 24% Development & Tailor–made Software Source: EECI figures: Statistical Office of the Slovak Republic, Yearbook of Industry of the SR 2018; Maintenance to ICT technologies. Development Other BSCs figures: AmCham Business Service Center Forum Survey, 2018; Area of Operation: Grafton Recruitement Slovakia, 2019

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09 SLOVAK INDUSTRY 4.0 SOLUTIONS

36,000 R&D employees in 516 R&D SLOVAKIA belongs to TOP 20 countries with the highest facilities number of installed industrial robots in the manufacturing RIS3 — NATIONAL R&D industries per employee. Such background generates a significant SPECIALISATION STRATEGY National R&D Specialisation Strategy potential for product and process innovations as well as an is focused on innovation support through cooperation between entreprises and implementation of the latest Industry 4.0 solutions. research institutions in key sectors of the Slovak economy. RIS3 identifies following priorities linked to R&D funding — material research SARIO INNOVATION SERVICES and nanotechnology, biomedicine and Matching platform of SARIO, connecting the needs of large investors biotechnology, ICT including electronics. established in Slovakia with capacities and competencies of advanced and innovative Slovak technology companies. 08 RESEARCH & DEVELOPMENT 300+ 20+ 150+ As a top priority, the Government of the Slovak Republic is innovative companies innovation events since presentations of shortlisted in our database September 2017 Slovak companies determined to attract and support investments with high added value and innovation potential. SLOVAK INNOVATIVE COMPANIES MAINLY FOCUS ON, 30% of all outputs in international BUT ARE NOT LIMITED TO

scientific journals on material research 01 INDUSTRY Slovak Ministry automation, predictive maintenance, of Economy originates from SLOVAKIA quality control, digital factory solutions has approved Action Plan for Smart 02 PRODUCT DEVELOPMENT Industry already KEY FACTS WHY TO CONSIDER SLOVAKIA FOR R&D design, prototyping, testing, tooling in 2018 01 SERVICES SECTOR software automation, outsourcing, cybersecurity, big data and AI 1 2 3 Source: SARIO (2020); International Federation of Robotics (2018) Highly Many production Established cooperation qualified labour force plants in high–tech between companies & at affordable costs industries local universities

4 5 6 EXAMPLES OF UNIQUE SLOVAK SOLUTION PROVIDERS Tangent Works, Anasoft, Trivita Data, Broad R&D and Presence of R&D centres R&D Brain IT, Ditis, Photoneo, Marpex, IxWorx innovation network & technology clusters incentives Dorps, CEIT, Sova Digital, Matador Automation, Infotech, Manex, Rossum

Source: ICT and R&D Figures: Statistical Office of the Slovak Republic, Yearbook of Industry of the SR 2018; ICT Service Market in Slovakia: Trend, 2019; Integration, eDocu, MTS, Bost—Stimba, Number of Game Development Companies: Slovak Games Developers Association, 2019 Igrow, Merchant

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SLOVAKIA has been the final investment destination Success Stories for several hundreds successful projects from various countries in Slovakia and in a wide range of industrial sectors.

UNITED KINGDOM AUSTRIA SOUTH KOREA Jaguar Land Rover, MIBA Sinter, Kia Motors, CANADA GlaxoSmithKline, de Miclén, BELGIUM GERMANY Neuman Aluminium, Samsung, Mobis, MAGNA, Firm Services, Innopharma, Bekaert, Siemens, , Brose, ZKW, Uniqa4Ward YURA, Sungwoo Hitech, Martinrea Slovakia DS Smith Carmeuse, Covestro, T-Systems, Schaeffler, RSC Raiffeisen Service Hyundai Dymos, Fluid Systems, Punch Precision, Leoni, Mahle, Hella, KUKA, Centre Donghee Slovakia Slomatec USA Team Industries, Osram, ZF, Evonik Fermas, US Steel, DELL, IBM, Fremach Trnava Deutsche Telekom DXC Technology, Johnson CHINA Controls, Adient, AT&T, Lenovo, Yanfeng, Accenture, Amazon, Huawei, Mesnac, Boge Honeywell Safety Products, Elastmetall, Leyard Whirlpool, Lear Corp. Seating, Europe Johns Manville JAPAN Minebea, SE Bordnetze, SPAIN Panasonic, Yazaki, Gestamp, Jobelsa, Marelli, Akebono, Cikautxo, Estamp, U-Shin, SIIX EMS, Fagor Ederlan, Farguell, Brother Industries Elastorsa, Cortizo

FRANCE PSA Peugeot Citroen, Orange, Faurecia, EXAMPLES OF Bourbon, Plastic Omnium, FOREIGN INVESTORS Atos IT Solutions, GeLiMa, WITH R&D OPERATIONS Bel, Decathlon, Arval, Adient, Yanfeng, BRAZIL ITALY Tesca Slovakia Brose, Osram, Siemens, Embraco, CRW Slovakia, Magneti Marelli, BSH, Honeywell, Micro Juntas SK Brovedani, Embraco SISME,Bonfiglioli, MTA, Mevis, Lombardini, TAIWAN (CHINA) SWITZERLAND C.I.M.A. AU Optronics, Swiss RE, Schindler, ESON, Foxconn, Delta LafargeHolcim, Vetropack, Electronics ABB, Nestlé, Nexis, Enics, Zurich Insurance Services, 550+ Global Blue Successful SARIO projects since 2002 including IBM, Dell, Jaguar Land Rover, Kia, PSA, Amazon, Volkswagen, Johnson Controls, Embraco, Samsung, Honeywell, Minebea and others.

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The primary goal of the investment incentives is to motivate investors to place 550+ Investment their new projects in regions with higher unemployment and to attract projects successful SARIO Incentives with higher added value. projects since AIM INVESTMENT 2002 AWARDS DUBAI 2017 MAXIMUM REGIONAL INTENSITIES OF INVESTMENT AID IN SLOVAKIA CEE & TURKEY REGION Best Investment Promotion (for SMEs additional 10%—20%) Agency in 2016

INDUSTRY 35% Minimum investment amount, number of newly created jobs and 35% share of new technology are subject to the unemployment rate in the selected district and forms of aid required. 25% SARIO Profile 03 INNOVATION If applying for income tax relief, the following criteria have to be met in SERVICES regards to particular districts category: Slovak Investment & Trade Development • 3 mil. EUR and 60% share of new Bratislava region excluded Agency (SARIO) is a governmental investment technology • supporting Slovak innovative • 1.5 mil. EUR and 50% share of new and trade promotion agency of the Slovak Republic. technology companies towards growth technology The agency was established in 2001 and it operates by connecting them to SARIO's major • 0.75 mil. EUR and 40% share of new clients — large investors established technology under the Slovak Ministry of Economy. in Slovakia in order to innovate their • 0.1 mil. EUR and 30% share of new ELIGIBLE PROJECTS technological processes not limited to technology The Act on Investment Aid divides the the borders of Slovakia • Expansion includes minimum increase projects which may be supported into four • focus on, but not limited to: industry, in the production volume or turnover categories: product development, service sector by at least 5% • Industry • interconnection of Slovak R&D The positive impact • Technology Centers capacities with industrial production of a new investment shall be Direct forms of aid are also available, • Combined Projects of Industrial 01 INVESTMENT 02 FOREIGN TRADE in order to transfer technology proved by job creation, improved different conditions apply. Production and Technology Center SERVICES SERVICES processes closer to production praxis • Shared Services Centers chances for the graduates to get a job, TECHNOLOGY CENTERS as well as by creation of new • Minimum investment of 100 ths. EUR ELIGIBLE COSTS entrepreneurial opportunities on fixed assets in all regions • Costs of land acquisition for local companies. FOR POTENTIAL INVESTORS IF YOU ARE LOOKING FOR 04 DIVERSIFICATION • Minimum of 10 newly created jobs • Costs of buildings acquisition & construction • investment environment overview • Slovak supplier or sub– SERVICES • Minimum 1.7 fold of average salary in • Costs of new technological equipment • assistance with investment projects contractor the district paid to new employees** and machinery acquisition implementation • information about Slovak • Intangible long–term assets — • starting a business consultancy export/trade environment SHARED SERVICES CENTERS licences, patents, etc. • sector and regional analyses • sourcing opportunities • supporting diversification of Slovak • Minimum of 25 newly created jobs • Rent of new land/building • investment incentives consultancy • forming a joint venture, production companies towards high–tech areas • Min 1.5 fold of average salary in the or • site location & suitable real estate cooperation or other forms of with significant growth potential district paid to new employees** • Wage costs of new employees consultancy partnership with a Slovak partner • focus on, but not limited to: space for the period of 2 years industry, aviation industry, and *Conditions differ for projects from FOR ESTABLISHED INVESTORS SERVICES FOR EXPORTERS innovative mobility 'Priority areas'. Minimum conditions for FORMS OF INVESTMENT INCENTIVES • identification of local suppliers, service • information on foreign territories • include consultancy for companies SMEs are in principle lowered by half. • Tax relief providers • customized search for foreign partners regarding the potential and possibilities Please contact us at [email protected] • Cash grant • assistance with expansion preparation • on–line database of business of entering the new sectors as well for more information. • Contributions for the newly created jobs and execution opportunities as creation of new business and R&D **Condition is considered automatically • Rent/Sale of real estate for a discounted • relocation assistance, work/stay permits • export Training Centre cooperation opportunities on the fulfilled for years 2021 and 2022. price • business networking • subcontracting assistance national and international level

29 30 SARIO IS YOUR ONE–STOP SHOP FOR INVESTMENT & TRADE IN SLOVAKIA. TALK TO US TODAY!

SLOVAK INVESTMENT AND TRADE DEVELOPMENT AGENCY Trnavská cesta 100 I 821 01 Bratislava I Slovakia [email protected] I [email protected]

COPYRIGHT©2021 SARIO The information in this publication needs to be in every case double–checked to ensure that it is up to date. For production of this publication public domain images were used where the source of the image is not credited.

ISBN 978–80–89786–17–6 www.sario.sk