Perspectives of business development between Slovakia and Italia
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Transcript of Perspectives of business development between Slovakia and Italia
Perspectives of business development between Slovakia and Italia
www.sario.sk
Vicenza – Italia, 25. Novembre 2008
Slovacchia: opportunitá per le imprese del Triveneto grazie ai fondi strutturali europei
COUNTRY PROFILECOUNTRY PROFILE
MARKET OF 300 MILLION IN 1000KM
Strategic location with great export potential
Area (km2): 49,035
Population: 5.379.000
Capital: Bratislava
Member of: OECD, WTO, NATO, EU Shengen area
Eurozone (1.2009)
Source: National Bank of Slovakia
EURO implementation impact: No currency exchange risk Lower real interest rates
EURO ADOPTION IN 2009
€2009
EURO will be introduced as the official currency in 2009 with the exchange rate 1 EUR=30.126 Sk
MACROECONOMIC OVERVIEWMACROECONOMIC OVERVIEW
6,8
10,4
4,3
Growing 2007
real w
ages
pro
duct
ivit
y
GD
P
Highest economic growth in EU
Basic macroeconomic indicators 2007 (2008*)
Real GDP growth 10,4% (6%*)
Labour productivity growth 6,8% (n.a.)
Real wages growth 4,3% (4,5%*)
HICP Inflation 1,9% (4%*)
A1 positive outlook
A+ stable outlook
A positive outlook
SARIO KEY ACTIVITIES
Creation of a suitable investment and business-friendly environment in Slovakia.
Assisting with the completion of investment projects of foreign investors and ancillary services.
Consultation and solutions for individual State aid to investors; processing applications for State aid.
Mapping out and creating databases of available real estate and industrial parks.
Assisting small and medium businesses in their search for export and trade opportunities abroad.
Assisting municipalities and small and medium business applying for money from the EU structural funds and helping them complete their projects.
SARIOcore sections
Foreign TradeForeign Direct Investment
Structural funds
Ministry of Economy
Slovak Investment and Trade Development Agency SARIO
FDI SECTIONFDI SECTION
We offer a wide range of services to investors:
Provision of sector-specific information
Analyses of labor market, taxation, macroeconomics etc.
Advice on issues related to starting a business
Recommendation on ideal location and suitable real estate
Facilitation of communication with national and local authorities
Assistance with applications for investment incentives
SARIO - Real Estate DatabaseSARIO - Real Estate Database
SARIO regional representives monitor the availability of industrial ground / facilities and compile a real estate database
SARIO project managers prepare comprehensive real estate offers for potential investors according to their requirement
309 305 35 9
Greenfield Brownfield Office space Tourism
No. of real estates in database:
FOREIGN DIRECT INVESTMENTFOREIGN DIRECT INVESTMENT
Significant industrial FDI : Significant industrial FDI : Automotive Automotive Electronics Electronics
- highest per capita car production in the world
Number of
projects
Investment Business area
(M. EUR)
Finished projects in
200764 1.277
car, electronics, machinery, textile,
plastics, metal processing
Finished projects in
1-2 Q 200822 240,3
plastics, car, electornics, machinery
Current 131
car, electronics, machinery, textile,
plastics, metal processing,
chemistry, food
SARIO Investment projects
SARIO INVESTMENT PROJECTS
Name of companyCountry of
originNumber of
new job
Investmentamount in mil. Eur
Location
SONY Japan 1500 76,3 Nitra
SAMSUNG South Korea 450 + 800 63 Galanta
SAMSUNG Electronics LCD
South Korea 1200-1400 320 Voderady
KIA Hyundai South Korea 3400 1100 Žilina
Peugeot-Citroen France 3500 750 Trnava
GFT Germany/USA 787 345 Kechnec
DELL USA 1000 + 850 8 Bratislava
10 reasons WHY SLOVAKIA ?
Location – Central European hub Political and Economic stability High Economic Growth
High Labour Productivity Highly skilled workforce
Strong engineering tradition Flexible Labour Market
19% flat tax rate Business friendly environment
UNIVERSITY EDUCATION
Universities across Slovakia & major fields of studies
Žilina12 269
Košice27 031
Banská Bystrica16 930
Bratislava70 413
Nitra23 410
Trnava18 400
Komárno
Zvolen4000
Trenčín10 204
Prešov14 178Martin
Ružomberok
Source: Institute of Education Information and Prognosis of Slovakia, 2008
Total Number of Students in 2007/2008
212 273
Graduates in 2007/2008 – 42 030
ROAD INFRASTRUCTURE
Považská Bystrica
ŽilinaDolný Kubín
Martin
Trenčín
Bratislava
Piešťany
TrnavaNitra
Nové Zámky
Nové Mestonad Váhom
Veľký Krtíš
Prievidza
Banská Bystrica
Zvolen
Lučenec
RimavskáSobota
Poprad
Spišská Nová Ves
Prešov Humenné
Michalovce
Košice
R1
R7
D1
D2
D2
D3
D1
D1
D1
D1D1
R1
R1
R3
R3
R3
R2
R2
R2
R7
R4
R4
R5
R6
D4
D4
Highway in operation
Speedway in operation
Under construction
Motorway in operation
20082010FUTURE
Existing network & construction projection
Note: Flight destinations as of January 2008
AIRPORT INFRASTRUCTURE
Bratislava
Poprad
Košice
Vienna (A)
London
ViennaPragueBratislavaDublinLondonPoprad
All major European cities
All major European & World cities
ŽilinaPrague
Flight Destinations
Industrial Zones & Clusters of suppliers
Humenne Košice
Poprad
Sladkovicovo
MalackyVrable
Roznava
D.N. VesBratislava
VW -Lozorno
Trnava
ZilinaKys. Nové Mesto
TrenčínDubnica n.Vahom
Martin
NitraHlohovec
Nove M. n. Vahom
Galanta
Presov
BanskáBystricaZvolen
Cluster for VW Slovakia
Cluster for Peugeot Citroen
Cluster for Kia Motors
Electrotechnical cluster
Wood processing zone
Steel processing industry, heavy industry zone
Chemical orientated zone
Flexible Labour Market
3 months probation period Weekly working time 40 hrs net (excluding 30 min. break) + 8 hrs overtime per week Annual leave of 20 days (25 days after 15 years of
employment) 150 hrs of overtime per year can be ordered by the employer (a further 250 hrs of overtime annually can be agreed with
employees) No obligation to pay bonuses for 150 hrs of overtime per
year Bonuses for overtime (25%) and for working on bank
holidays (50%)
Minimum monthly wage Slovakia242 EUR / month
Average monthly salary Slovakia593 EUR / month
Wages and Obligatory Contributions
710 EUR
737 EUR354 EUR
295 EUR
Slovakia
593 EUR
Czech rep. 783 EUR
Poland
Romania
Bulgaria
Hungary
Central & Eastern European Countries Comparison
* Excl. social security contributions covered by employer
Source: CE Research LLP
Slovakia - INVESTMENT AIDSlovakia - INVESTMENT AIDChance to reduce investment costs
Aid can be granted to following projects ...
Minimum required of investment
• Industrial projects mil. € 26.6 / 13.3 /
6.7
• Technological centers mil. € 1.32
• Centers of strategic services mil. € 1.16
• Tourism centers mil. € 16.6 / 8.3 /
3.3 Further requirements are set separately for each type of projects.....
INDUSTRIAL PROJECTS INDUSTRIAL PROJECTS basic requirements
6.7 mil. EUR
I
TTVTV
VVTVT
KSKSSRARA
RSRS
PPTPT
LCLC
VKVK
SSOSO
KKKKK SBSBB
POPO
GGLGL
LELE
BJBJSKSK
SPSPMLML
HEHE SVSVPPPP
SNSN
BRBR
LMLM
TSTS
NONOCACA
DKDK
RKRKMTMT
ZAZA
KMKMBYBY
PBPBPUPU
ILIL
TNTNTRTR
BBBB
ZVZV DTDTZCZC
BSBS
KAKA
LVLV
NRNRZMZM
TOTO PEPE
BNBNNMNM
PNPN
TTTT
GAGA
DSDS
MAMA
SSEE
SASA
PPKPK
SCSCBABA
HCHC
SLSL
KEKE
SSAA MM
YY
KKNN
NZNZ
PDPD
ZHZH RRVV
MIMI
26.6 mil. EUR
13.3 mil. EUR
Investment must be implemented in max. 36 months
new factory or expansion long- term assets in min. amount of 26.6 / 13.3 / 6.7 mil. EUR new machinery min. 60% of the total costs
Technological centersTechnological centers
Procurement of tangible and intangible assets in the amount of at least 40 mil. SKK (1.2M EUR)
At least 50 % of procured assets have to be covered by own equity
At least 60 % out of the total amount of new employees have to achieve university education
Procurement of new production and technology equipment.
Centers of Strategic ServicesCenters of Strategic Services
Procurement of tangible an intangible assets in the amount of at least 35 mil. SKK (1M EUR);
At least 50 % of procured assets have to be covered by own equity;
At least 30 % out of the total amount of new employees have to achieve university education;
Procurement of new production and technology equipment.
ELIGIBLE COSTSELIGIBLE COSTS
include costs of:
Land + Buildings + New machinery
Licenses + Patent rights + Know how
50%
40%
50%
How much of eligible cost can be covered by aid?
FORMS OF FORMS OF INVESTMENT AIDINVESTMENT AID Cash grant Corporate income tax relief Contributions on newly created jobs Transfer of real estate for a discounted price
DDECISION ECISION ON GRANTING OF AIDON GRANTING OF AIDDecisive factors:Region of investment Number of new jobs, Amount of investmentAdded value of investmentOverall importance for economy
In period 2002-2007 aid for 84 Projects (over 1 bn.EUR)
Foreign Trade SectionDepartments
Regional offices
International Communication
SARIO Information Centre
SARIO
Slovak Investment & Trade Development Agency
Main activities on TRADE
Participation on Expositions and Trade Fairs Organization of business missions abroad and
foreign missions in Slovakia Assistance to SME related to their promotion
abroad On-line databases (S.I.C.) Matchmaking services Subcontracting activities Joint ventures opportunities Presentation of investment activities abroad Special market and sector analysis
DEMAND
First contact: Territory Manager:
- Russian Federation + CIS- ASEAN countries- Central and Middle East- Central and West Europe- Balcan countries
Contact to Regional offices to find a suitable partner in Slovakia
SUPPLY
First contact: Regional managers
Contact to Territory Manager to find a suitable foreign partner
How to cooperate with Foreign Trade
S.I.C. - SARIO Information CentreAt SIC you can find following: Good suppliers Investment partners Information about international tenders Partners for joint ventures New subcontractors
Slovak subcontracting companies operate in the following industries: Mechanics Electro mechanics Electronics Plastic and rubber Wood and furniture Textile and clothing
http://www.sic.sario.sk
Slovak Matchmaking Fair
Unique & the most important subcontracting business event in Slovakia
Mission – find for you a suitable cooperation partner from various sectors of industry in Slovakia
Number of companies participated: 240 Embassies attended: 16 Combined Chambers of Commerce +
organizations: 8 Number of visitors/persons: 564 Sector represented: machine engineering,
electrotechnics, electronics, metallurgy, plastics, IT, power engineering
Partner country: Czech Republic
III. Slovak Matchmaking Fair 2009
Place: Kosice-Prešov cities (Slovakia) Date: November 2009
Represented sectors: machinery and automotive electro technical industry metallurgy plastic and chemistry agriculture and food industry IT (soft- and hardware) wood-processing
Bonus: Matchmaking meetings Many kinds of presentations Cultural and culinary adventure
Get the best of east Slovakia high potential
Subcontracting
Volkswagen SlovakiaJohnson ControlsSommer Allibert SystemtechnikHeilandBAZ-Inalfa Metal, BAZ-NaskomKablo PirelliPresskamTechnické skloBrose SlovakiaSAI Automotive, SAS Automot.Slovakia Door CompanyGrupo Antolin Plastic OmniumLear CorporationInergy Automotive Systems
Leoni AutokabelDMD Holding
SACHS Lisovňa TrnavaZlieváreň TrnavaTZK BOGE Slovakia
VW Elektrické systémySlužba vdiSEC Plastika NitraVúsapl
. Považská Bystrica
Chemni UsipPSLPS VojusFLAMM AdtoolSULE IKS
ZVL ŽilinaVURALKrasplast Krasňany
VSŽ KošiceVSS
ZVL AutoVAPGBIFragokov
. Poprad
TATRAMATTATRAMAT QuasarSchüle Slovakia
Michalovce . SiemensMEZ InžinieringMireal
Snina .
VihorlatMOPS Press
Prievidza .
YAZAKI Debnár Slovakia
. Žiar nad Hronom
ZSNP ZlieváreňZSNP Rautenbach ZSNP Foundry
. Kysucké Nové Mesto
KLF-ZVLINA
Čadca .
AVC Čadca
Bytča .
Rubena SlovakiaKinex
Púchov .
EyblMatadorMakyta
Dubnica nad Váhom .ZŤS Metalurgia .
Liptovský Hrádok
TESLA L. Hrádok
Dolný Kubín .
DANAMetalsintMIBA Slovakia
. Nové Mesto n. V.
Magna SlovtecaSlovBus . Myjava
SAM HoldingMOTOSAM
. Brezová pod Bradlom
Subtil SlovakiaPFS
Humenné . Chemes
Smrečina Holding
Krompachy .
SEZ
. Dunajská StredaSCHÜTT
Banská Štiavnica .
AkuTradeRotobalance
. Detva
PPS Detva Holding. Hodruša-Hámre
Kto
. Vráble
Pal-InalfaTesmechŠvec a spol.
Topoľčany .
Martinmetal-KováčňaVW Martin
. KolárovoKromberg-Schubert
Bánovce n.B. .
TATRA Sipox
SAO
. HnúšťaTechnická Guma
. Podbrezová
Železiarne Podbrezová
. Hriňová
Hriňovské strojárne
Dol. Vestenice .
Contitech VegumContitech Vib.Cont
Vlkanová .
KüsterWitzenmann
April 20th,2003
.Senica
Delphi
.Veľký Meder
Motokom
Edscha
. Nové Zámky
Osram
. Stropkov
Tesla Stropkov
SEWS
SARIO „made in slovakia“ project for 3 years
Promotion and support of Slovak traditional, original and top class goods
Activities: • new internet portal• professional personnel • “exporter of the year” and “product of the year” • global promotion “Made in Slovakia”• workshops & seminars in Slovakia and abroad
Partners: • Ministry of Economy• National Agency for Development of SME• Chamber of Commerce and Industry• municipalities• entrepreneurs from Slovakia• foreign partners (organizations and companies)
NEW: on-line „Automotive database“
Complete information database of sub-suppliers network in automotive industry, suppliers for production of various vehicles (bus, microbus, omnibus, motorbike, truck, trailer, semi-trailer)
Circa 400 companies registered
New portal database with opportunity to seek producers online, limited edition of presentation CD
Partners: Ministry of Economy, Automotive Industry Association
Public accessibility 2nd quarter of 2009
EXPORT - Main Foreign Trade Partners for 2007
Germany25%
Others19%
Italy7% Austria
7%
Spain2%
Poland7%
Hungary6%France
5%
USA4%
Russia2%
CR15%
IMPORT - Main Foreign Trade Partners for 2007
Others50%
China3%
Hungary3%
Austria2%
Poland3%
Italy3%
CR8%
France2%
Germany14%
Korea3%
Russia8%
Spain1%
Foreign trade Slovakia - Italy
thous. EUR2002 2003 2004 2005 2006 2007
Export 1 614 767 1 403 665 1 373 478 1 642 559 2 080 321 2 438 366
Import 1 190 050 1 191 120 1 268 982 1 272 510 1 553 150 1 553 088
Turnover 2 804 817 2 594 786 2 642 460 2 915 069 3 633 471 3 991 454
Balance 424 717 212 545 104 496 370 049 527 170 885 277
Foreign trade Slovakia – ITALY
Export from Slovakia to Italy 1-5 2008 (thous. EUR)Vehicles other than railway or tramway rolling-stock, and parts and accessories
282 457
Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders
273 938
Nuclear reactors, boilers, machinery and mechanical appliances 135 511Plastics and articles thereof 52 829Aluminium and articles thereof 52 615Articles of iron 38 086Paper and paperboard; articles of paper pulp, of paper or of paperboard 37 845Iron and steel 34 832
Import from Italy to Slovakia 1-5 2008 (thous. EUR)Nuclear reactors, boilers, machinery and mechanical appliances 149 774Vehicles other than railway or tramway rolling-stock, and parts and accessories
89 054
Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers
76 792
Articles of iron 60 461Plastics and articles 44 810Iron and steel 37 848
Thank you for your attention!
Juraj ŠumichrastDirector of Foreign Trade Section
SARIOSlovak Investment & Trade Development AgencyTel.: +421-2-58 260 310Cell.: +421-910 828 223Fax: +421-2-58 260 509Email: [email protected]
www.sario.sk