Slovakia - Market ChallengesSlovakia Market Challenges
Learn about barriers to market entry and local requirements, i.e., things to be aware of when entering the market for this country.
Corruption: Slovakia ranked 57th on Transparency International’s Corruption Perceptions Index in 2018. International companies doing business with the Slovak Government or attempting to obtain licenses that are required by the Slovak Government to do business in the country perceive non-transparency in bureaucratic processes to be a problem. Corruption is perceived as widespread in government contracting and public procurement, the courts and in the health care system. While the legal system generally enforces property and contractual rights, decisions may take years, thus limiting the utility of the courts for dispute resolution.
Labor: A lack of labor in specialized and expert professions is the result of the slow adaptation of the education system to new conditions and the needs of specific industries that are developing more rapidly than other industries, for example automotive and IT.
Certification: Since September 25, 2018 the Slovak Office for Public Procurement maintains a List of Economic Operators, which requires companies to register and meet conditions for participation in Slovak public procurement tenders. In order to register, companies must submit several documents issued by Slovak or foreign government authorities; only originals or certified copies may be submitted. Many of the documents are not commonly requested in the United States and are often not readily obtainable from U.S. authorities. Prepared by our U.S. Embassies abroad. With its network of 108 offices across the United States and in more than 75 countries, the U.S. Commercial Service of the U.S. Department of Commerce utilizes its global presence and international marketing expertise to help U.S. companies sell their products and services worldwide. Locate the U.S. Commercial Service trade specialist in the U.S. nearest you by visiting http://export.gov/usoffices.
Corruption: Slovakia ranked 57th on Transparency International’s Corruption Perceptions Index in 2018. International companies doing business with the Slovak Government or attempting to obtain licenses that are required by the Slovak Government to do business in the country perceive non-transparency in bureaucratic processes to be a problem. Corruption is perceived as widespread in government contracting and public procurement, the courts and in the health care system. While the legal system generally enforces property and contractual rights, decisions may take years, thus limiting the utility of the courts for dispute resolution.
Labor: A lack of labor in specialized and expert professions is the result of the slow adaptation of the education system to new conditions and the needs of specific industries that are developing more rapidly than other industries, for example automotive and IT.
Certification: Since September 25, 2018 the Slovak Office for Public Procurement maintains a List of Economic Operators, which requires companies to register and meet conditions for participation in Slovak public procurement tenders. In order to register, companies must submit several documents issued by Slovak or foreign government authorities; only originals or certified copies may be submitted. Many of the documents are not commonly requested in the United States and are often not readily obtainable from U.S. authorities. Prepared by our U.S. Embassies abroad. With its network of 108 offices across the United States and in more than 75 countries, the U.S. Commercial Service of the U.S. Department of Commerce utilizes its global presence and international marketing expertise to help U.S. companies sell their products and services worldwide. Locate the U.S. Commercial Service trade specialist in the U.S. nearest you by visiting http://export.gov/usoffices.