UK FCO: Overseas Business Risk- Slovakia

Information on key security and political risks which UK businesses may face when operating in Slovakia, published by the Foreign and Commonwealth Office. General Overview As quoted by the official UKTI site, over 100 UK owned companies operate in Slovakia. Tesco is Slovakia’s top retailer and one of the main employers in the country. Other major UK investors include Shell, Provident Financial, CP Holdings, Amec, Tate and Lyle, BAE Systems, GlaxoSmithKline and Allen and Overy. The pros and cons of investing in Slovakia are outlined on the UKTI official website:

Bratislava (c) The Daily.SK

UKTI team in Slovakia is there to help UK-based companies to enter the Slovak market and to support the development of trade between the UK and Slovakia. From March 2014 UKTI is assisting companies also through our partner organisation – The British Slovak Business Centre (BSBC) to provide the best possible advice and assistance. Politics Following the dissolution of Czechoslovakia, Slovakia became an independent state on 1 January 1993. Slovakia has a parliamentary system of governance. The government acts as the central body of executive power and the parliament acts as the sole body of legislative powers. The Government (Cabinet) is drawn from the unicameral 150-member National Council (Parliament) elected by universal adult suffrage for a four-year term. The Prime Minister is designated by the Constitution as the head of the Government. He is usually the leader of the winning party. His executive power is shared with The President who is the Head of State and his role is largely ceremonial. The President is elected in direct elections for a five-year term, restricted to two consecutive terms of office. The President appoints the Prime Minister and, on the latter’s recommendation, the other members of the Government. Read the full report here

Leave a Reply

Your email address will not be published.