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Special Focus: Slovak Republic |
Slovakia has made significant economic reforms since its separation from the Czech Republic in 1993 and currently can be fairly characterized as a developed country. With the highest sustained Gross Domestic Product (GDP) growth (10.4%) in the European Union during 2007, the Slovak economy was considered to be a tiger economy known as the Tatra Tiger. In 2009 global economic recession impacted many segments of the national economy and as a result GDP fall nearly 5%.
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Slovak Republic, the new Economical Environment
After 1998 Slovak authorities implemented significant economic reforms. They reformed banks, changed the tax system and introduced tax relief and support for investors. The result of these reforms was that the country became an attractive destination for foreign investment. This was further reinforced by the country’s favorable geographical location in the centre of Europe and its qualified workforce. Another important economical development that helped the country attract the interest of foreign investments was the introduction of a 19% flat tax.
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Epicos "Project Opportunities"
Epicos "Project Opportunities" provides a unique set
of online tools enabling the structure, identification and implementation
of comprehensive Offsets programs, through a searchable database.
By introducing different offset projects and ideas proposed
by local A&D industry it ensures the optimum cost for Prime
Contractors and reassures that the priorities of local industry
are fully met...
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Development of Helicopter Custom Design & Modification capability
A company certified to carry out inspections and repairs on helicopters as well in the helicopters' emergency floats, Life Rafts and several equipments used in aerial activity, is willing to expand its capabilities in custom design and modification for helicopters, to address country’s military and civilian needs.
For Further Information Contact our ICO Department
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Testing, Modeling and Simulation Engineering Services provision for aerospace applications
An institute with significant experience in providing Research and Development services is proposing, in the frame of an offset project, the collaboration with Aerospace and Defense (A&D) prime contractor to undertake engineering services tasks in the area of testing, modeling and simulation for specific aerospace programs and/or applications.
For Further Information Contact our ICO Department
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Epicos- Amazon
OECD Economic Surveys: Slovak Republic 2009, by OECD Organisation for Economic Co-operation and Development
OECD is an international organization in which 30 democracies work together to address the economic, social and environmental challenges of globalization. OECD is also at the forefront of efforts to help governments respond to the new development and concerns, such as corporate governance, the information economy and the challenges of an ageing population. This is the organization’s survey of Slovakia’s economy. It includes a variety of socio- economical subjects such as the problems that the Slovak economy faces and the challenges that the country faces because of the Euro Area entry.
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European Financial Markets: The Effects of European Union Membership on Central and Eastern European Equity Markets, by Tony Southall
European Union (EU) accession involves both political and economic reforms which suggest changes with regard to financial market. This study is trying to delineate the economical effects that EU accession has in a new member state. Based on empirical tests using weekly data over ten years, this study concludes that EU membership results in a significant decline in equity market volatility and a significant increase in risk-adjusted, but not absolute, equity returns. Furthermore, the study suggests that equity markets in new EU member states become increasingly influenced by global rather than local macroeconomic factors after the EU accession and that the level of integration with global markets increases.
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Contact the Editor:
Vasileios Kyriazis
e-mail: v-kyriazis@epicos.com
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Contact Epicos sales Department:
Michael Karakatsanis
e-mail: m-kay@epicos.com
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Download the full newsletter in a PDF format
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| EPICOS
NEWSROOM |
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First Lockheed Martin F-35 With Mission Systems Arrives at Navy Test Site
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The first mission systems-equipped Lockheed Martin (NYSE: LMT) F-35 Lightning II test jet joined the fleet at Naval Air Station Patuxent River, Md., today.
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Over 3,000 personnel take part in NATO naval drills in Baltic Sea
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Over 3,000 servicemen from different countries are taking part in the international Baltops-2010 naval exercises, which began on Sunday in the Baltic Sea, Latvian Defense Minister Imants Liegis said.
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Russia, UAE hold talks on modernizing BMP-3 infantry vehicles |
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Russia and the United Arab Emirates are holding negotiations on the modernization of a large number of BMP-3 infantry fighting vehicles, a defense industry official said on Wednesday.
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French official trade deficit falls slightly in April
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The French trade balance showed a slightly reduced deficit in April, partly owing to big exports of aircraft that month, official data showed on Tuesday.
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IATA meets as airline industry shows signs of recovery
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The commercial aviation industry, battered by plunging sales and fallout from the Icelandic ash cloud, is at last emerging from a steep downturn, the International Air Transport Association (IATA) says.
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