Key Figures

Chief of State:
President Andrej Kiska
Head of Government:
Prime Minister Robert Fico

Overview

Government Name:
Slovak Republic
Constitution:
Adopted: 1992; According to lawyers, some parts of the constitution were prepared so hastily that they are almost impossible to execute. It is divided into 9 sections with headings such as fundamental rights and freedoms, office of the public prosecutors in the Slovak Republic, and the economy.
Government Type:
Parliamentary Democracy
Slovak Republic Flag
Coat of Arms of Slovak Republic

Index of Economic Freedom

Grades each country on a scale of 0 to 100, based on ten freedoms, with 100 representing the greatest amount of economic autonomy from government intervention. Source: Heritage Foundation (2018)

Country Risk Rating

A2
The political and economic situation is good. A basically stable and efficient business environment nonetheless leaves room for improvement. Corporate default probability is low on average. Source: Coface (2018)

Government Branches

Main Powers Election Process Election Cycle 1
Executive

Implements legislation enacted by the National Council and coordinates the business of ministries and other central authorities, as well as decides on bills, government decrees, an implementation of the government's program, international agreements, budgetary drafts, and high official appointments.

President is elected by absolute majority vote through a two-round system. Prime minister is appointed by the president with the approval of the parliament.

5 years

Judicial

Provides checks and balances among political and legislative institutions but also provides protections for ordinary citizens.

Appointment by president.

Mandatory retirement age of 65

Legislative

Votes on all laws and reviews changes or amendments to existing laws.

National Council (Národná rada) members are elected through a flexible-list proportional representation system.

4 years

Regional Trade Blocs

International Organization Participation [2]

Environmental Agreements [3]

Tax Information [2]

Tax Authority:
Ministry of Finance & Financial Directorate
Tax Name:
VAT

Sources:

  1. ElectionGuide http://www.electionguide.org/
  2. EY, http://www.ey.com
  3. CIA World Factbook, https://www.cia.gov/library/publications/the-world-factbook/
  4. U.S. Bilateral Relations Fact Sheets http://www.state.gov/r/pa/ei/bgn/