In our annual survey, the Global Business Barometer, the subsidiaries of Austrian companies in Slovakia were asked about their assessment of the economic situation in 2024 and 2025.
Overall, the results confirm that 2024 was not an easy year: just under two thirds of participants stated that the economic situation in Slovakia has worsened - slightly more saw a deterioration in the general economic climate over the past 12 months. For 2025, only a third of participants believe that the general economic climate will remain stable or improve, with slightly more assuming this for Slovakia. We therefore see an overall cautious assessment for 2025, which is nevertheless slightly more positive about the future than a look back at 2024 would suggest.
Companies are particularly concerned about legal certainty, the public procurement law, public subsidies and purchasing power in Slovakia, paired with the geopolitical risks of the Russia-Ukraine war and the danger of a decoupling between East and West. Some points that stand out for Slovakia are that access to credit and capital markets as well as the quality and availability of local suppliers are seen as very positive factors, payment behaviour is seen as good by the majority and artificial intelligence is seen as having an major impact on companies in Slovakia in the coming 12 months.
Click here to download the full report and send us your feedback to bratislava@advantageaustria.org.
