City of Trenčín Mierové námestie 2 911 64 Trenčín, Slovak Republic tel.: +421 32 6504 230 fax: +421 32 7431 248 [email protected] www.trencin.sk 2 Trenčín – the county seat, industrial, cultural, business and educational center of the Stredné Považie region • It is the 9th biggest city in Slovakia based on the number of citizens • ItStrategic is a site and and geographical a center of Trenčín location region within Slovakia and European transportation network • There are many subsidiaries of regional institutions and companies • Long tradition as a city organizing expositions (more than 20 expositions per year) 3 Dear Investors, for me to kindly greet and welcome you and at theAs for same the time Mayor support of Trenčín your itdecision is a great to privilegeinvest in Trenčín region. On the following pages, you can read, why it is worth to invest in Slovakia and in particular in our region. Trenčín is a natural metropolis of the Trenčín region – Stredné Považie. The city of Trenčín is extraordinarythe historical, culturaldeveloped and transportation business center and of the whole region. Good geographical location, prospective investors provide a good basis for thesocial beginning infrastructure of new offered and the for development the current ofand Slovakia‘ssustainable membership existing business. in the European Union is a warranty of transparent legislative and export-orientedbureaucratic processes investors affecting is the adoption business ofand the commonlife in the European country. The currency great advantageeuro as well for as the the region’s strategic position within the reach of all major economies of Central and Eastern Europe. Trenčín region is one of the most industrialized areas of Slovakia. Given the affordable and sufficient skilled workforce and a long tradition in a diversified range of industries, Stredné Považie offers many opportunities for a wide range of investors. together with us to look for opportunities In addition to industry, you are invited in services and tourism. A rapidly growing opportunitiesregion as Trenčín, also andhigh-quality especially space people high living level here, needs in addition to apart from work living environment, offering for leisure and entertainment. Trenčín region, and specially Stredné Považie, offers many opportunities for joint project as Considerwell as for the your helpful business and constructiveplans. approach of the city and regional officials as a guarantee Branislav Celler for your successful business. Mayor of Trenčín We have good ideas. Join us with yours! 4 Why to invest in Slovakia? According to the World Bank series other European Union member states and a relatively Doing Business 2009, rapid growth in labor productivity make Slovakia an Low and flat income tax, lower labor cost, compared to Slovakia is the 36th best place out of 181 attractive location for foreign investments. Individuals countries for making and companies pay a flat tax of 19 percents income tax. business in the Companies do not have to pay taxes on dividends. All whole World. individuals or companies living, working and registered Medicines and medical supplies and books are among in Slovakia, have to pay income taxes. Value Added Tax (VAT) is, with only few exceptions, set at 19 percent. the exceptions where a 10 percent VAT applies. Selected macroeconomic indicators of Slovakia SOURCE: Statistical Office of the Slovak Republic, TREND Analyses 2006 2007 2008 GDP (bln. Euro) 55.08 61.5 67.3 GDP growth (%) 10.5 10.4 8.6 Foreign direct investments (bln. Euro) 4.1 2.34 1.3 (1 –10/08) Unemployment rate (%) 13.3 11 9.6 Core Infl ation (%) 2.7 4.2 3.3 Gross monthly wage (Euro) 623 669 723 5 stockholm 1160 km berlin 521 km london 1320 km amsterdam 1000 km warsaw 428 km brussels 1010 km prague 295 km paris 1150 km munich 490 km vienna 150 km budapest 172 km geneva 945 km rome 890 km Biggest most valuable benefi ts for Investors: Slovakia is a member of the European Union Slovakia joins the Euro on January 1st, 2009 Stable economic and political environment Highest economic growth in the EU Non-taxation Low flat tax on income of individuals and companies (19 %) of dividends Low labor costs and high productivity Available skilled work force Fast and easy set up of businesses and companies Central geographical position in Europe Fast growth of living standards Attractive touristic country 6 Trenčín region and its economy The Stredné Považie region is one of the most industrially Trenčín region (TSK) developed regions of Slovakia. The region offers investors a developed transportation infrastructure and diversified Strongstructure position of industrial is still heldsectors. by traditional industries such Bratislava The Capital City as electrical engineering, mechanical engineering and extremelythe production well placedof tires. locations Given its for location the supply and developed companies highway and railway infrastructure, the region offers Trenčín Area: 81.99 km² from the automotive sector. In terms of logistics is the Population: 56,577 Trenčín region in an ideal distance from five car OEMs Population density: 692 inhabitants per km² producers – Volkswagen, Audi, PSA, Kia and Hyundai. Economically active inhabitants: 67.2 % The attractiveness of the region is confirmed by the Trenčín region (TSK) residing foreign investors. According to the Slovak Area: 4,501 km² ThatInvestment means andone Tradeout of Developmentevery seven investment Agency (SARIO) projects more Population: 599,831 (31. 12. 2007) than 30 investment projects were realized in the region. Population density: 133.2 inhabitants per km² GDP per capita: 11,967 € (2005 in PPS, 53.7 % of the EU27 average) realized in all coming to Slovakia was done in Trenčín region. Investors created ten thousand jobs in the region. Stredné Považie region Most of them in the regional metropolitan city Trenčín. This name has been used throughout history to describe the area in the Trenčín region along the River Váh, the longest river in Slovakia. According to the National Bank of Slovakia, the value of the realized projects reached approximately 1,2 billion Euros. Only last year the investment projects reached Briefly about the region a value of more than 215 million Euros. Most investments Trenčín region is located in the north-western part of Slovakia. The went into the sectors of automotive, electrical engineering region is dominated by regional metropolis of Trenčín. From the and mechanical engineering. Most investments headed geographical point of view, it falls within the Western Carpathian to cities like Dubnica nad Váhom, Hejnice, Bánovce nad Mountains. The most densely populated areas are concentrated in TheBebravou largest and investment to Trenčín. projects in recent years have been the valley of the River Váh in the neighborhoods of Trnava. Trenčín region borders to the Nitra region, Banská Bystrica region an Žilina region. In the western part it shares the borders with the Czech Matador-DONGWON (2006), Hella (2003 and 2006), Republic. According to the population the region is one of the Johnson Controls, Sky Media and UMC (in 2004), Leoni smaller Slovak regions. Among the major cities in the region are (2003) and Gabor (2002). Just in 2007 SARIO brought Prievidza, Považská Bystrica, Nové Mesto nad Váhom, Bánovce nad to Trenčín and Trenčín region seven major investment Bebravou, Partizánske, Púchov, Myjava and Ilava. projects. Investors came from Japan, South Korea, Taiwan, TheSpain, investments the Netherlands headed and mainly Austria. in the engineering and The region is one of the fastest growing parts of Slovakia. On the territory of more than four thousand square kilometers, around six employing people with basic education and low labor hundred thousand people are living. Roughly one tenth of all citizens automotive sector. Currently a number of companies live in the regional capital Trančín. More than half of the inhabitants from countries with lower labor costs will push out these are economically active. Stredné Považie – which forms a significant productivity skills operate in the region. Strong pressure part of Trenčín region (TSK) – has long maintained the second highest employment (after the Slovak capital Bratislava), compared morecompanies sophisticated further to production the east. While is this this clearly might an behuman viewed with other Slovak regions. Registered unemployment rate is less than as a problem, for newly established companies with five percent. advantage for companies in electrical engineering or the resources advantage. Most of all this might be an huge Trenčín is the capital city and the administrative center of the Trenčín region. The city is due to its strategic position, an important center automotive industry. of education, commerce, industry and culture. Several regional institutions and companies have their headquarters in the city. Stredné Považie is not only attractive for production Trenčín has a long tradition as an exhibition and trade fair city. plants but also for more sophisticated operations. The automotive company Johnson Controls opened one of its three European design centers in Trenčín. 7 Why to invest in the Trenčín region? According to the most recent data from 2005 the Trenčín by TREND Analyses the gross value added production has region produced 4.3 billion Euros in terms of gross risen to 63 percent of the EU average. Trenčín is one of value. It is almost one tenth the performance of whole Thethe most economy industrially of the region developed