Slovakia, officially named the Slovak Republic, is a landlocked country in Central Europe with a population of over five million and an area
of about 49,000 square
kilometres. The largest
city is Bratislava,
Slovakia is divided into 8 regions, each of which is named after its regional capital. The regions are subdivided into many districts. In the past, Slovakia had 79 districts, which are no longer part of the official administrative system, but the country has maintained them for different purposes.
In terms of economy and unemployment rate, the western regions are more prosperous than the east. Slovakia is best known for its pistine nature in the countryside: mountains make up two-thirds of its land, 40 percent of which is covered by forests.
The region of Bratislava is the country's smallest in terms of area, but its most densely settled and urbanised, with 296 inhabitants per square kilometre, about three times the Slovak average. Bratislava, the capital, had a population of 426,091, or 70 percent of the total inhabitants of the region. The Bratislava region is bordered by the Danube to the south and the Morava to the west. It consists of the Záhorie lowlands in the far west of the country and the Podunajská nížina (Danube lowlands) towards the Hungarian south, divided by the heavily forested Malé Karpaty (Small Carpathian mountains) range.
The south-west Trnava region is a strangely shaped body of land that encloses Bratislava region and borders on the Czech Republic, Austria and Hungary. It is the second smallest region after Bratislava, and the smallest in terms of area.
The south-central Nitra region is Slovakia's agricultural heartland. Flatter and warmer than the rest of the country, its soil and terrain are best suited to farming.
The north-west Žilina region is a rugged area that borders on the Czech Republic and Poland. It includes no fewer than seven mountain ranges: the Tatry and Nízke tatry (Tatras and the Low Tatras), the Veľká and Malá Fatra (Greater and Lesser Fatras), the Chočské vrchy (Choč Mountains), the Javorníky and the Strážovské vrchy (Strážov Mountains). The region is also dominated by national parks
Banská Bystrica region, the country's largest in terms of area, lies in the southern part of Central Slovakia. With its extensive forests and hilly terrain, it is the least densely settled region.
The north-east Prešov region is Slovakia's most physically spectacular, but poor and sparsely settled as well. It borders on Poland and Ukraine, and contains five national parks. Less than half of the inhabitants of the region live in urban settings.
Košice region is a largely flat and poor area in the southeast of Slovakia bordering on Ukraine and Hungary. With a population of 773,000, it is the second largest region while with about one third of the total inhabitants of the region, the capital Košice is Slovakia's second largest city and is the industrial anchor of the east of the country.
The north-west Trenčín region is a relatively wealthy and developed part of Slovakia, bordering on the Czech Republic. It is hilly but not rugged, and has an unusually high (55 percent) proportion of inhabitants employed in industry, making it the second most heavily industrialised region after Bratislava.
Housing construction in recent years has lagged behind consumer demand in Slovakia. Not only were new apartments bought, but also older homes, whose prices were pushed higher by the acute shortage of new residential buildings.
Long-term manager and developer of logistics warehouses, P3 Logistic Parks, continues to record strong growth over the past 12 months. This has been driven, in part, by the boom in online demand, which has fuelled the need for strategically-located warehouses in Europe. P3’s customer base has grown by 20 percent, with customer retail share surpassing 30 percent for the first time in the company’s history.
Housing affordability in the Bratislava Region is the lowest compared to the remaining seven regions of Slovakia. This is true for employees with an average monthly wage of €1,360 and average prices of residential real estate. While the average wage in this region is 39 percent above the national average, the average price for one square metre of real estate is 117 percent higher than the average, specified VÚB bank analyst Andrej Arady.
Company owners are searching for more effective solutions for managing their companies. One of such solution is shared office space; as much as 80 percent of companies using this solution put cost reduction as the reason. This way they save especially on costs needed for acquisition of offices and rentals, as well as repair and maintenance costs, a survey conducted by International Workspace has confirmed.
Extensive reconstruction of Mlynské Nivy Street in Bratislava and construction of a brand new central bus station, including an adjacent high rise office building, are progressing. Currently almost 450 workers of various professions and 18 cranes are working on it, the biggest construction site in central Europe at 4.4 hectares large. The developer HB Reavis still promises to launch the new bus station in late 2020.
The new city district Bory, between the Small Carpathians and the Morava River in Bratislava, continues to grow. Its developer Penta Real Estates has announced two more phases to the residential area. After completion, the new district will feature offices, shops, parks and amenities including a kindergarten, besides housing.