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CZECH REPUBLIC SLOVAKIA HUNGARY POLAND  
  Facts & Figures  |  Economy  |  Industries  |  Telecommunications Infrastructure
Information
The Slovaks and the Czechs had united to form Czechoslovakia. After World War II, Czechoslovakia became a Communist nation within Soviet-ruled Eastern Europe. Soviet influence collapsed in 1989 and Czechoslovakia once more became free. The Slovaks and the Czechs agreed to separate peacefully on 1 January 1993.

Slovakia joined both NATO and the EU in the spring of 2004.
Facts and Figures
National Name : Slovak Republic / Slovakia / Slovensko
Size : 48,845 sq km
Population : 5,431, 363
Capital : Bratislava
Largest Cities : Komarno, Martin, Poprad
Main Religion : Roman Catholic
Monetary Unit : Slovak koruna
Climate : Temperate
Economy
Slovakia has skillfully mastered the difficult transition from a centrally planned economy to a modern market economy. The Dzurinda Government made excellent progress during 2001-04 in macroeconomic stabilization and structural reform. Major privatizations are nearly complete, the banking sector is almost completely in foreign hands, and the Government has helped facilitate a foreign investment boom with business-friendly policies, such as labor market liberalization and a 19% flat tax.

Slovakia's economic growth exceeded expectations in 2001-04, despite the general European slowdown. Unemployment, at an unacceptable 15% in 2003-04, remains the economy's Achilles heel.

Slovakia joined the EU on 1 May 2004.
Industries
Metal and metal products; food and beverages; electricity, gas, coke, oil, nuclear fuel; chemicals and manmade fibers; machinery; paper and printing; earthenware and ceramics; transport vehicles; textiles; electrical and optical apparatus; rubber products
Telecommunications Infrastructure
The telephone service is becoming increasingly accessible owing to a modernization and privatization program, which is also aiming at reducing the waiting time for new subscribers, and generally improving the quality of service.
 
 
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