Reference rates19.10.2018 / 1.1470 / 7.9489
Slovak Republic is a country in Central Europe. It is bordered by the Czech Republic and Austria to the west, Poland to the north, Ukraine to the east and Hungary to the south. Slovakia's territory spans about 49,000 square km and is mostly mountainous. The population is over 5 million Bratislava is the capital and largest city.
Slovak Republic is a high-income advanced economy. The country joined the European Union in 2004 and the Eurozone on 1 January 2009. Slovak Republic is also a member of the Schengen Area, the OECD and the WTO.
The Slovak economy is a developed, high-income economy, with the GDP per capita equaling to 76% of the average of the European Union in 2014. Slovakia is an attractive country for foreign investors mainly because of its low wages, low tax rates and well educated labour force. In recent years, Slovakia has been pursuing a policy of encouraging foreign investment.
The agricultural sector in Slovakia employed about 51 500 persons. In 2014, the area of utilized agricultural land represented 1 921 157 ha which accounts for 39,17% of the total territory. Agricultural production and the food production are one of the traditional industries of the national economy. Commodities such as milk, livestock, grain, sugar and malt have long asserted themselves as agricultural exports.