Lucintel’s Analysis of Slovakia: Economy to Reach $111.8 Billion By 2018


   January 1 2013
Slovakia is one of the fastest-growing economies of the European Union. The country’s economy is expected to reach $111.8 billion by 2018. Slovakia has achieved high economic growth due to its economic reforms, inflow of FDI, in addition to its high exports and imports. Economic reforms and market-oriented government policy boosted the economic growth in Slovakia during the last decade. Increasing foreign demand has strengthened the trade sector and pushed economic growth.
Lucintel, a leading global Management Consulting and market research firm, has conducted a competitive analysis on the economic scenario of the country and presents its findings in “PESTLE Analysis of Slovakia 2013.” The report provides an in-depth PESTLE analysis of economy of Slovakia. This report includes the in-depth analysis of the macroeconomy, political scenario, as well as social and technological analyses of the central European country. This report provides insights into leading industries in Slovakia.
The report highlights that the Slovakian economy suffers from high rate of inflation caused by high energy prices as well as an increasing VAT rate. The high unemployment rate is hampering economic growth and the retail and real estate industries, affecting consumer demand.
Lucintel analyzes the major strengths of the economy. Slovakia offers a skilled, highly productive work force with relatively low wages, which is beneficial for the technology-based industry. Investment incentives are provided to different sectors to increase the business environment in Slovakia. Incentives are available to industries, technological centers, shared services centers, and tourism sectors.
This report will be helpful in strategic analysis needed by CEOs, managers, bankers, and others who want to know about the political, social, and economic outlook of Slovakia. It also is of great benefit to those wanting to invest in Slovakia. This report helps understand the economic strength and risks involved in the Slovakia business environment. 
For a detailed table of contents and pricing information on this timely, insightful report, contact Lucintel at +1-972-636-5056 or via email at helpdesk@lucintel.com. Lucintel provides cutting-edge decision support services that facilitate critical decisions with greater speed, insight, and cost efficiency. To learn more, visit www.lucintel.com.
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