Doing Business in Slovakia

The objectives of the subject “International Trade and Business in” Slovakia” are the following:

1. To analyze the Slovak Economy and Foreign Trade;
2. To know the business opportunities in the Slovak Market;
3. To analyze the trade relations of Slovakia with the country of the student;
4. To know the Slovak trade agreements as a member of the European Union;
5. To develop a business plan for the Slovak Market.

The Subject “Foreign Trade and Business in Slovakia” belongs to the following Online Higher Educational Programs taught by EENI Global Business School:

Doctorate (DIB): European Business, World Trade.

Masters (MIB): International Business, Foreign Trade.

Masters and Doctorate in International Business adapted to the Slovak Students.

Learning materials in + Eslovaquia Slovaquie Eslováquia.

1. Credits of the Subject “International Trade and Business in” Slovakia”: 1 ;
2. Duration: one week.

Slovak Preferential Access and Free Trade Agreements:

1. Slovakia and the European Economic Area;
2. European Union
   1. European Customs Union;
   2. European Single Market;
   3. EU Services Directive;
   4. European Digital Single Market;
   5. As a member of the European Union, Slovakia is a beneficiary of the EU Free trade agreements.
3. Central European Initiative (CEI);
4. Regional Cooperation Council (RCC);
5. Organization of the Black Sea Economic Cooperation (observer country);
6. Council of the Baltic Sea States (CBSS) (observer country).

1. World Trade Organization (WTO)
   1. WTO Agreement on Sanitary and Phytosanitary Measures (SPS);
   2. WTO General Agreement on Trade in Services (GATS);
   3. WTO Agreement on Technical Barriers to Trade (TBT);
   4. WTO Agreement on Preshipment Inspection (PSI);
   5. WTO Agreement on Safeguards (SG);
   6. WTO Trade Facilitation Agreement (TFA).
2. World Customs Organization (WCO)
   1. Revised Kyoto Convention (RKC).
3. International Chamber of Commerce (ICC);
4. Convention concerning International Carriage by Rail (COTIF);
5. International Bureau of Containers and Intermodal Transport (BIC);
6. International Civil Aviation Organization (ICAO, Chicago Convention);
7. International Maritime Organization (IMO)
   1. Convention Relating to Temporary Admission.
8. Convention on the Carriage of Goods by Sea (Hamburg Rules, UN);
9. Convention on the Contract for the International Carriage of Goods by Road (CMR, UN);
10. Uniform Rules concerning the Contract of International Carriage of Goods by Rail (CIM, CIT);
11. Customs Convention on Containers (CCC, UN);
12. Organization for Cooperation between Railways (OSJD);
13. International Convention on the Harmonization of Frontier Controls of Goods (UNECE);
14. International Road Transport Union (IRU)
    1. TIR Convention;
    2. Guidelines on Safe Load Securing for Road Transport.

European Trade and Economic Organizations:

1. European Union
   1. European Central Bank;
   2. European Investment Bank (EIB);
   3. European Bank for Reconstruction and Development;
   4. EU-CELAC Summit;
   5. Group of States of the European Council Convention against Corruption (GRECO).
2. Economic Commission for Europe (UNECE);
3. European Bank for Reconstruction and Development;
4. Organization for Security and Cooperation in Europe (OSCE).

Global Organizations:

1. Asia-Europe Meeting (ASEM);
2. Organization for Economic Cooperation and Development (OECD)
   1. OECD anti-corruption measures.
3. United Nations (UN)
   1. Conference on Trade and Development (UNCTAD);
   2. International Trade Centre (INTRACEN);
   3. World Intellectual Property Organization (WIPO).
4. World Bank (WB);
5. World Trade Organization (WTO);
6. International Monetary Fund (IMF);
7. Community of Portuguese Speaking Countries (observer country).

The Slovak Republic (Europe).

1. Capital of Slovakia: Bratislava;
2. Official Language of Slovakia: Slovak;
3. Area of Slovakia: 49,035 square kilometers;
4. Slovak Population: 5.4 million people;
5. Type of Government of Slovakia: Parliamentary Republic;
6. Borders of Slovakia: Austria, Poland, Ukraine, Hungary and the Czech Republic;
7. Independence of Slovakia: 1991 (Soviet Union);
8. On 1 January 1993, the Czech Republic and Slovakia separated.

Religion in Slovakia: Catholicism (Christianity).

Slovakia belongs to the Western Civilization (European Economic Area).

Economy of Slovakia.

1. The automobile manufacturing sector is vital for the Slovak Republic;
2. Slovak GDP (nominal): 109,587 million dollars;
   1. Agriculture: 4%;
   2. Industry 36%;
   3. Services 60%.
3. GDP per capita: 22,241 dollars;
4. Slovak Currency: Euro (2009);
5. Slovakia belongs to the European Union since 2004;
6. Top Slovaks Industries: cars, textiles, rubber, gas, petroleum, chemical products, paper, machinery.

Slovak Foreign Trade.

1. The main Slovaks exports are vehicles, machinery, electric appliance, chemical products;
2. Top Slovaks exports destinations: Germany (21%), the Czech Republic, Poland, Hungary, Austria;
3. The main suppliers of Slovakia are Germany (19%), the Czech Republic, Hungary, Poland;
4. As a member of the European Union, Slovakia is a beneficiary of the EU Free trade agreements with the ASEAN, Egypt, Jordan, Lebanon, Ukraine, Moldova, Georgia...

(c) EENI Global Business School (1995-2023)
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