As a well-integrated economy within the European Union and an important manufacturing hub in Central Europe, Slovakia continues to offer significant opportunities for Swedish companies. Strong industrial capabilities, established supply chains, and a strategic location support Slovakia’s role across sectors such as automotive, advanced manufacturing, professional services, and healthcare.
At the same time, companies report a more challenging operating environment. Regulatory complexity, labour market constraints, corporate taxation, and weaker perceptions of digitalisation continue to affect competitiveness and operational efficiency. Companies also point to broader uncertainty and rising cost pressures as ongoing challenges.
Cooperation between Sweden and Slovakia remains strong within sectors such as automotive, industrial manufacturing, ICT, healthcare, and sustainable technologies. Slovakia’s continued focus on industrial development, productivity improvements, and sustainability transition continues to create opportunities for Swedish companies offering innovative and high-value solutions.
Competitiveness in Slovakia is closely linked to cost efficiency, sales competence, strong partnerships, customer engagement, and operational execution. The Swedish brand continues to be associated with quality, reliability, sustainability, and innovation.
Slovakia is widely regarded as a stable and well-established market with strong industrial networks and reliable operational conditions. However, companies also point to regulatory barriers, taxation, and administrative complexity as continued constraints on competitiveness and investment.
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ABOUT THE SURVEY
To assess the opportunities and challenges faced by Swedish companies in international markets, Team Sweden conducts annual Business Climate Surveys across multiple markets worldwide. This year’s survey in Slovakia includes responses from 31 Swedish companies operating in the country. Industrial companies represent a significant share of respondents, while professional services and consumer companies also make up a considerable share. The majority of respondents have been active in Slovakia for more than five years.
We would like to extend our sincere appreciation to all participating companies and respondents who contributed to this report. Team Sweden in Slovakia hopes that the findings will serve as a basis for continued dialogue with Slovak authorities and other relevant stakeholders.
