Slovakia
Slovakia is a landlocked country in Central Europe with a population of over five million and an area of about 49,000 square kilometres (almost 19,000 square miles). The Slovak Republic borders the Czech Republic and Austria to the west, Poland to the north, Ukraine to the east and Hungary to the south. The largest city is its capital, Bratislava.
Slovakia is a high-income economy with one of the fastest rates of growth in the EU and OECD. It joined the European Union in 2004 and is due to join the Eurozone on 1 January, 2009.
Slovak economy is considered a tiger economy known as Tatra Tiger. Slovakia has achieved a difficult transition from a centrally planned economy to a modern, high-income market economy. Major privatizations are nearly complete, the banking sector is almost completely in private hands, and foreign investment has picked up. Slovakia is characterized by sustained high economic growth. |
