The relationship between Sweden and Slovakia is strong and well-established. Swedish companies have played a steady role in Slovakia’s economic landscape for decades by investing in local production, offering high-quality services, and creating employment opportunities across regions.
Swedish companies emphasised that uncertainty around Slovakia’s political direction and economic governance has had a tangible impact on investment decisions. Several respondents cited the government’s stance towards the EU, increased polarisation in society, and weakened transparency as contributing to a deteriorating perception of the business environment.
Swedish companies generally perceive the national brand as a supportive asset in the Slovak market, although the degree of impact varies. Many respondents (48 per cent) indicated that the Swedish brand contributes partially or much to their business, while a smaller share (14 per cent) considers the contribution to be very much. At the same time, a third of companies (33 per cent) noted that it adds little or no value.
Swedish companies operating in Slovakia offer a nuanced view of the role sustainability plays in customer purchasing decisions. While 59 per cent of respondents believe that environmental considerations are partially or much considered, a significant share, 36 per cent, feel these aspects are valued very little or not at all. This suggests that sustainability is increasingly present on the agenda, though not yet a central driver for most Slovak customers.
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ABOUT THE SURVEY
The Business Climate Survey is a global initiative designed to capture the perspectives of Swedish companies operating in international markets.
This first edition of the Business Climate Survey in Slovakia aims to assess how Swedish companies perceive the local business environment and where they see both potential and pressure points. Data collection took place in February 2025. Business Sweden put together a list of 40 Swedish companies with a presence in Slovakia. Out of these, 22 companies provided responses, resulting in a response rate of 55 per cent.
We are grateful to all companies who participated and shared their insights with us. Your contribution has made this first ever Business Climate Survey in Slovakia possible.
