Slovakia is in Central Europe, south of Poland. The climate is temperate with cool summers and cold, cloudy, humid winters. The official language is Slovak. As a Slavic language most foreigners will find it difficult to understand and learn, though a few basic words will be appreciated. English as a business language is increasingly commonplace, particularly in Bratislava, although German is more common throughout the country. Russian is widely understood but many Slovaks will refuse to speak it. Hungarian is widely spoken in the south, along the border with Hungary. However, relations between Hungarians and Slovaks are traditionally tense and members of both communities prefer not speak each other's language. The main religion is Christianity. The economy of Slovakia increasingly resembles a developed country. The Slovak economy has been considered a tiger economy. Slovakia has been a EU member state since 2004 and adopted the euro currency at the beginning of 2009. Expatriate business dress is relatively conservative in the form of suits. Address people by their professional titles followed by the last name. Men are referred to as 'pan' and women 'pani' followed by their last name. In Slovakia it is not advisable to address anyone by their first name in a business setting, unless told otherwise. The security risk for expatriates in Slovakia is low. Risks include petty crime, car theft, sporadic ethnic tensions and low-scale violence. The currency of Slovakia is the Euro (EUR). ATMs are common in major urban areas, however not all international cards are accepted. Major credit cards are accepted at most shops and restaurants. Medical facilities vary as some hospitals are under maintained. Doctors are generally very good. The cost of treatment for expatriates from outside the EU can be high. The population of Slovakia is 5.4 Million (2018 est.), while the inflation rate (CPI) is 1.9% for Slovakia as at December 2018. Xpatulator Hypothetical Tax for Slovakia is based on the current personal income tax rates which are progressive up to 25%.
Cost Of Living
The cost of living for expatriates / professional migrants in In Slovakia, the cost of each basket, based on local prices, compared to the international average, is categorized follows (Exact cost of living percentages only available in personalised reports): Slovakia as at 1 January 2019 is low in comparison to other places in the world. 1) Alcohol (where available) & Tobacco: Low 2) Clothing: High 3) Communication: Low 4) Education: Average 5) Furniture & Appliances: Average 6) Groceries: Low 7) Healthcare: Very Low 8) Household Accommodation: Very Low 9) Miscellaneous: High 10) Personal Care: Average 11) Recreation & Culture: Average 12) Restaurants Meals Out and Hotels: Low 13) Transport: Average Slovakia is for example -21.4% cheaper than USA for groceries, -42.3% cheaper for household costs than UK, and 100.5% more expensive for transport costs than India. The hardship premium for Slovakia for an expat from Australia, is for example 20%, i.e. host location (Slovakia) premium of 30% minus home (Australia) location premium of 10%. Slovakia is ranked as a high degree of hardship location. Want to know more about cost of living, hardship (quality of living) or expat salary in Slovakia? Register subscribe to your home location and Slovakia and run your personalised reports.