European Foundation
for the Improvement of
Living and Working Conditions

The tripartite EU agency providing knowledge to assist
in the development of better social, employment and
work-related policies

EU PolicyWatch

Database of national-level policy measures

Eurofound's EU PolicyWatch collates information on the responses of government and social partners to the COVID-19 crisis, the war in Ukraine, rising inflation, as well as gathering examples of company practices aimed at mitigating the social and economic impacts.

Factsheet for measure SK-2001-40/2469 – measures in Slovakia

SARIO (Slovak Investments and Trade Development Agency)

Slovenská agentúra pre rozvoj investícií a obchodu

Country Slovakia , applies nationwide
Time period Open ended, started on 01 October 2001
Context COVID-19, Digital Transformation, Restructuring Support Instruments
Type Legislations or other statutory regulations
Category Reorientation of business activities
– Change of production/Innovation
Author Rastislav Bednarik, Daniela Keselova and Miroslava Kordosova (IVPR) and Eurofound
Measure added 23 June 2022 (updated 17 November 2022)

Background information

Domestic and foreign entrepreneurs (legal subjects) interested in investment and trade development. The mission of the Slovak Investment and Trade Development Agency is to accelerate the investment, export, and innovative potential of Slovakia with the aim of creating a technology centre attractive to foreign investors, experts, and potential business partners.

Develop export potential in globally competitive industries and territories, support expansion of established companies, and foreign investments, and increase employment in sectors with high added value and in all regions in accordance with the strategy and economic policy of the Government of the Slovak Republic.

Content of measure

SARIO's mission is to design and use all kinds of stimuli to increase the influx of foreign investment while promoting Slovak companies in their effort to transform into high-performance subjects successful in the world market. SARIO manages investment projects, and provides assistance with establishing joint ventures. It usually provides services to well-known foreign investors, potential new investors, domestic SMEs, large companies and start-ups and spin-offs.

Negotiations usually take place between SARIO and foreign or domestic investors, regarding existing conditions such as the unemployment rate, the available labour force and infrastructure in the region, the number of planned new jobs, and, in particular, preconditions for receiving state aid to relevant investments. Conditions for the provision of investment aid used to be specified by the Ministry of Economy, according to the actual situation in the economy and respective regions. Presently, eligible projects should cover industrial production, technology centres, centres for strategic services and tourism.

SARIO also provides information on European funds available for entrepreneurs via respective Operational programmes.

Use of measure

SARIO is also involved in identifying and assisting companies to take advantage of market opportunities, providing governmental support to businesses and diplomatic support in international trade relations. In 2019, it also provided support to Slovak companies active in Industry 4.0. Since April 2020, SARIO provides special information service for entrepreuers about available measures adopted by the government in relation to the COVID-19 crisis, including particular support to SMEs. For instance, access to more convenient bank loans.

Foreign direct Investment (FDI) projects managed by SARIO make up a considerable share of total FDI inflow to Slovakia. In 2021, SARIO completed 29 investment projects worth of about €0.5 billion, which will create more than 3,200 jobs despite the decline competitiveness in comparison with foreign countries. As of 31 December 2021, the SARIO agency registered 74 investment projects in progress, in a total volume of almost €17 billion and with the potential to create more than 44,000 new jobs.

Strengths include promotion of Slovakia's competitive investment and business-friendly environment, processing of potential investment projects of domestic and foreign investors and aftercare services offered to established investors and companies. SARIO is also connecting companies with potential business partners (B2B events including provision of information; workshops; conclusion of contracts), provides connection with key institutions, state entities and municipalities, the database of available real estate and industrial parks and, most importantly, SARIO is offering all its services free of charge.

Target groups

Workers Businesses Citizens
Applies to all workers Applies to all businesses Applies to all citizens

Actors and funding

Actors Funding
National government
Local / regional government
Public employment service
National funds

Social partners

Social partners' role in designing the measure and form of involvement:

Trade unions Employers' organisations
Role Unknown Unknown
Form Not applicable Not applicable

Social partners' role in the implementation, monitoring and assessment phase:

  • Unknown
  • Main level of involvement: Unknown



Views and reactions




Eurofound (2022), SARIO (Slovak Investments and Trade Development Agency), measure SK-2001-40/2469 (measures in Slovakia), EU PolicyWatch, Dublin,


Eurofound publications based on EU PolicyWatch

30 January 2023


Measures to lessen the impact of the inflation and energy crisis on citizens

Governments across the EU continue to implement policies to support citizens and businesses in the face of rising food and energy prices caused by the COVID-19 crisis and intensified by the war in Ukraine. This article summarises the policy responses as reported in Eurofound's EU PolicyWatch database from January to September 2022.


12 September 2022


First responses to cushion the impact of inflation on citizens

Although the worldwide pandemic situation had already disrupted supply chains and triggered increases in energy and food prices in 2021, the situation deteriorated in 2022 with the Russian invasion of Ukraine.


12 September 2022


Policies to support EU companies affected by the war in Ukraine

This article summarises the first policy responses that governments across the EU have started to implement to support companies affected by the rising prices, and those with commercial ties to Ukraine, Russia or Belarus.


5 July 2022


Policies to support refugees from Ukraine

This article summarises the first policy responses of EU Member States, including those of the social partners and other civil society actors, enabling refugees to exercise their rights under the Temporary Protection Directive.


Disclaimer: This information has not been subject to the full Eurofound evaluation, editorial and publication process.