Slovakia is a country in eastern central Europe and is bordered by the Czech Republic and Austria to the west, Poland to the north, Ukraine to the east and Hungary to the south. The Carpathian Mountains extend across the northern half of the country and include the High Tatras, which provide a natural watershed between Slovakia and Poland. In the southern half of the country are the lowlands of the Danube plain. The most important sectors of Slovakia’s economy in 2012 were industry (27.0 %), wholesale and retail trade, transport, accommodation and food services (22.3 %) and public administration, defence, education, human health and social work activities (13.3 %).
Slovakia’s main export partners are Germany, the Czech Republic and Poland while its main import partners are Germany, the Czech Republic and Russia. It can be seen from the data below that Satsafe® represents a very significant Internet of Things (IoT) business opportunity in Slovakia focussed on security and safety applications.
Geographical size: 49 036 km2
Population: 5 404 322 (2012)
Population as % of total EU population: 1.1 % (2012)
GDP: € 71.096 billion (2012)
Official EU language(s): Slovak
Political system: parliamentary republic
EU member country since: 1 May 2004
Seats in the European Parliament: 13
Currency: Eurozone member since 1 January 2009
A world of opportunity:
We are currently seeking expressions of interest from International distributors for a range of Satsafe® branded safety and security applications including geobloc.
If you are interested in acquiring the Satsafe® Master License as a business opportunity in Slovakia, please contact us outlining your experience.