Slovakia offers many business advantages, such as relatively low wage costs for talented, adaptable and educated work force, foreign languages spoken at rather high level (English and German in particular), business friendly environment, rising labour productivity and educational institutions of high quality in the field of ICT.

Similarly important is the focus on connection between research and practical problems that is manifest in the activities of IT Association of Slovakia (ITAS), ICT clusters in Žilina and Košice, as well as the Central European Institute of Technology (CEIT) in the aforementioned cities.

For all these reasons, information and communication technology sector has a solid position in the Slovak economy that can be demonstrated not only by the presence of foreign companies (Dell, IBM, HP) but also strong domestic IT companies (ESET, Sygic etc.).

It is also one of a few sectors Slovakia can rely on when searching for sources of potential growth of country’s GDP. The gross value added of
the Slovak ICT sector was 3 billion EUR in 2012 and it created 4.5% of Slovak economy’s GDP. In 2012, ICT sector employed more than 45 000 people. Within this group, telecommunication accounted for approximately 9 500 employees.