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Slovakia business sector is buzzing with new possibilities as the country is heading towards having a very stable economy. Slovakia at present in undergoing transformation in the economic sector. From a centralized economy, the country is going forward to an open market economy. As a result a number of of foreign investors are making large scale investment to take the opportunity of relatively cheap manpower. Naturally, with all these, Slovakia business is growing gradually.
Since Slovakia has the prospect of being a full fledge member of the EU, lots of investors are taking the chance of making a profit in this country. Moreover, in Slovakia, there are many favorable conditions that are making the foreign investors eager to invest in Slovakia. These investments are contributing in strengthening the business sector in Slovakia. Slovakia has a very favorable tax system for the investors. The tax rates are relatively low in Slovakia and there is no dividend tax here. Moreover, Slovakia has cheap manpower and also natural conditions that are in favor of making large industries. As a result, the business sector is also growing in Slovakia.
Slovakia has many heavy industries that are existing with some small scale industries. Among the heavy industries that are the main pillars in the business sector in Slovakia, are, automotive industry and this is growing very fast. Other heavy industries are, mechanical and chemical engineering, electronic industry, information technology and some others. Some of the major companies in Slovakia are, Peugeot, Kia Motors, US Steel, Slovnaft, Sony and Samsung Electronics and some others.
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