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Economy and Employment

Modern City
The Bratislava region accounts for about a quarter of the GDP in Slovakia, even though it is the smallest of all eight official Slovak regions. The regional gross domestic product per capita in the Bratislava region exceeded € 37,700 according to 2009 data. Compared with the rest of Slovakia, the economy of the Bratislava region is almost twice as productive.
 

 
 

The generation of GDP in Bratislava is influenced mostly by tourism, trade and IT (27%), banking (23%) and industry (22%). More than 60 percent of all direct foreign investments coming to Slovakia are directed at the Bratislava region. There are more than 20,000 trading companies economically active in the city, 42,000 legal entities and over 50,000 sole traders. The unemployment rate in Bratislava has during the credit crunch period reached 3.0 percent, which is four times less than the national average.  

 

Several industrial centres have developed in and around Bratislava. An international automotive industry cluster has been created, comprising the Bratislava car plant of Volkswagen, the PSA plant in nearby Trnava and the many related supplier companies. There are also fairly strong chemical, foodstuff and electro-technical industries here.  

 

On the other hand, Bratislava is the only Slovak region in which the services and trade sector accounts for a much greater portion of the GDP than industry. More than three quarters of the population of Bratislava work in the tertiary sector, which is comparable with advanced regions of other EU member states. This is also thanks to the efforts of the current management of city hall to make Bratislava a “white city”, meaning a centre of education, research, sophisticated services and light industry, all being promoted in place of heavy industry.  

 

The largest employers in Bratislava include Volkswagen, Siemens, Slovak Telekom, Henkel, Kraft Foods, IBM, Orange, T-Mobile or E.ON. The city is now also home to many other prestigious companies such as Microsoft, Enel, Accenture, Deloitte, Lenovo, Tesco or Carrefour. The financial sector is also strongly developed here. In the Slovak capital you will find subsidiaries or agencies of major European banking houses, such as UniCredit, Citibank, KBC, Intesa, Erste, Dexia or Raiffeisen, or the insurance giants Allianz and ING, for example.

 
Responsible: Nina Turčanová
Created / changed: 26.2.2007 / 11.3.2010

Context

Placing: Document folders > MIPIM 2010
 

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