Slovak Real Estate - Information about Slovakia

Country Facts

Population: 5.4 million
Capital City: Bratislava (460,000)
Other major cities: Kosice (250,000), Presov (200,000), Zilina (90,000), Nitra (90,000), Banska Bystrica (85,000)
Nationalities: Slovak (86%), Hungarian (12%), Roma (8%), Others (4%)
Official Language: Slovak
Currency: Slovak Koruna (SKK), 1 Euro = 35 SKK
Area: 49,000 sq. km
Highest Peak: 2,665 m
Longest River: Vah (403 km)
Land: Forest 41%, Arable 47%, Urban 3%, Others 9%
Climate: Continental - Hot Summers (up to mid-30's) and Cold Winters (zero and minus C)


Map of Slovakia The Slovak Republic is located in Central Europe and is bordered by Austria, Hungary, Czech Republic, Poland and the Ukraine. Bratislava is situated on the River Danube and is only 30 miles from Vienna, 2 hours by road/rail from Budapest and about 3 hours drive from Prague. Many Slovaks claim that the geographical centre of the European continent lies within its borders.

Recent History

The Slovak Republic was formed on 1st January, 1993 after the split-up of the former Czechoslovakia into two separate states. Although its formation was peaceful, the country had a turbulent first few years of existence, due in no small part to the activities of its authoritarian leader, Vladimir Meciar, who was prime minister from 1993 until 1998. Meciar's leadership resulted in Slovakia being largely isolated from the international community and there was little foreign investment during this period.

The situation for Slovakia began to improve with the defeat of Meciar in the general election of 1998, when a coalition government led by Mikulas Dzurinda came to power. The new government began to make efforts to rehabilitate Slovakia among the international community and began to implement much needed reforms.

However, it was not until the election of a centre-right coalition, again led by Dzurinda, in the general election of 2002 that the pace of reform really picked up. The progressive reforms implemented by this Government during the period 2002-2006 resulted in Slovakia being recognised by many international analysts as having one of the most progressive business environments in all of the EU.