Last updated: 19 Apr 2012
Market profile
Doing business
Business practices and etiquette in the Slovak Republic are a cross between those of western Europe and the USA on the one hand, and eastern Europe and Russia on the other.
More information on doing business in the Slovak Republic
Country Profile
Content supplied by Department of Foreign Affairs and Trade
- ECONOMIC CLIMATE
Over the past 20 years, the Slovak Republic has made a successful transition from a centrally planned economy to an open market with a strong export orientation (exports as a percentage of GDP are approximately 80%).
» read more at DFAT
- TRADE RELATIONS
Bilateral trade and investment links remain limited with the Slovak Republic, but are expanding gradually.
» read more at DFAT
- POLITICAL CLIMATE
The Slovak Republic is a parliamentary republic with legislative power vested in a unicameral parliament (the National Council of the Slovak Republic) which holds responsibility for most areas of government policy.
» read more at DFAT
Top Business Risks
OECD Guidelines for Multinational Enterprises
Multinational Enterprises should be aware of the OECD Guidelines for Multinational Enterprises that provide voluntary principles and standards for responsible business behaviour in a variety of areas, consistent with applicable domestic laws. These Guidelines are endorsed and promoted by the Australian Government. For more information, go to the AusNCP website.
Bilateral agreements
Australia has social security agreements with several countries that address the issue of 'double super coverage' for employees sent to work overseas. To take advantage of these agreements, Australian employers sending employees overseas to work must apply to the Tax Office for a Certificate of coverage.
For more details, please visit the Australian Taxation Office website.