![Bratislava highrises 2009 1](https://upload.wikimedia.org/wikipedia/commons/7/78/Bratislava_highrises_2009_1.jpg)
The
Bratislava Region
The Bratislava Region ( sk, Bratislavský kraj, , german: Pressburger/Bratislavaer Landschaftsverband (until 1919), hu, Pozsonyi kerület) is one of the administrative regions of Slovakia. Its capital is Bratislava. The region was first esta ...
is the wealthiest and economically most important region in
Slovakia
Slovakia (; sk, Slovensko ), officially the Slovak Republic ( sk, Slovenská republika, links=no ), is a landlocked country in Central Europe. It is bordered by Poland to the north, Ukraine to the east, Hungary to the south, Austria to the s ...
, despite being the smallest by area and having the second smallest population of
the eight Slovak regions. The majority of governmental institutions, including the Ministry of Finance and the
central bank
A central bank, reserve bank, or monetary authority is an institution that manages the currency and monetary policy of a country or monetary union,
and oversees their commercial banking system. In contrast to a commercial bank, a central ba ...
, as well as many Slovak private companies and subsidiaries of multinational companies in Slovakia have their headquarters in
Bratislava
Bratislava (, also ; ; german: Preßburg/Pressburg ; hu, Pozsony) is the Capital city, capital and largest city of Slovakia. Officially, the population of the city is about 475,000; however, it is estimated to be more than 660,000 — approxim ...
. More than 75% of Bratislava's population works in the
service sector
The tertiary sector of the economy, generally known as the service sector, is the third of the three economic sectors in the three-sector model (also known as the economic cycle). The others are the primary sector (raw materials) and the second ...
, mainly composed of
trade
Trade involves the transfer of goods and services from one person or entity to another, often in exchange for money. Economists refer to a system or network that allows trade as a market.
An early form of trade, barter, saw the direct excha ...
,
banking
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets.
Because ...
,
IT,
telecommunication industry The telecommunications industries within the sector of information and communication technology is made up of all telecommunications/telephone companies and internet service providers and plays a crucial role in the evolution of mobile communication ...
,
tourism
Tourism is travel for pleasure or business; also the theory and practice of touring (disambiguation), touring, the business of attracting, accommodating, and entertaining tourists, and the business of operating tour (disambiguation), tours. Th ...
and others. Major factories in Bratislava include the
Slovnaft
Slovnaft is an oil refining company in Slovakia. The company, located in Bratislava, is a subsidiary of MOL Group.
History
Slovnaft is the successor of the Apollo company. Apollo was established in 1895 in Bratislava. Its refinery was bom ...
oil refinery and the
Volkswagen
Volkswagen (),English: , . abbreviated as VW (), is a German Automotive industry, motor vehicle manufacturer headquartered in Wolfsburg, Lower Saxony, Germany. Founded in 1937 by the German Labour Front under the Nazi Party and revived into a ...
Bratislava plant. The
Bratislava Stock Exchange
Bratislava Stock Exchange ( Slovak: Burza cenných papierov v Bratislave, abbr. BSSE, BCPB) is a Stock Exchange in Bratislava, that began its existence on 15 March 1991 according to adjudication of Ministry of Finance of Slovakia in 1990. BSSE ...
(BSSE), the organiser of the public market of securities, was founded on March 15, 1991.
Budget
Bratislava
Bratislava (, also ; ; german: Preßburg/Pressburg ; hu, Pozsony) is the Capital city, capital and largest city of Slovakia. Officially, the population of the city is about 475,000; however, it is estimated to be more than 660,000 — approxim ...
has a balanced budget of almost six billion
Slovak korunas (€182 million) as of 2007.
One fifth of that is used for investment. Bratislava holds shares in 17 companies directly, for example in the public transport company (
Dopravný podnik Bratislava), the
waste collection and disposal company, the water utility and others.
The city also manages municipal organisations such as the City
Police
The police are a constituted body of persons empowered by a state, with the aim to enforce the law, to ensure the safety, health and possessions of citizens, and to prevent crime and civil disorder. Their lawful powers include arrest and t ...
(''Mestská polÃcia''),
Bratislava City Museum
The Bratislava City Museum ( sk, Múzeum mesta Bratislavy, abbr. MMB) is a museum in Bratislava, Slovakia, established in 1868. Its headquarters are located in the Old Town, near the Main Square at the Old Town Hall. The museum is owned by one o ...
,
ZOO Bratislava, etc.
GDP
![BSSE 1](https://upload.wikimedia.org/wikipedia/commons/8/8c/BSSE_1.jpg)
The
Bratislava Region
The Bratislava Region ( sk, Bratislavský kraj, , german: Pressburger/Bratislavaer Landschaftsverband (until 1919), hu, Pozsonyi kerület) is one of the administrative regions of Slovakia. Its capital is Bratislava. The region was first esta ...
is the wealthiest and economically most prosperous region of Slovakia, despite being the smallest by area and having the second smallest population of
the eight Slovak regions. It accounts for about 26% of the Slovak
GDP. The GDP per capita (
PPP) is 188% (2016) of the
EU average which is the fifth highest of all regions in the EU member states. Statistics are though deformed by centralisation in Slovakia, where almost all governmental institutions as well as private companies in the country have their headquarters in the capital and by lower number of official inhabitants as compared to estimates.
The
primary sector
The primary sector of the economy includes any industry involved in the extraction and production of raw materials, such as farming, logging, fishing, forestry and mining.
The primary sector tends to make up a larger portion of the economy in de ...
is represented only with a share of 0.9% in the region, that is, one fifth of the share observed at the national level (4.5%). The
secondary sector
In macroeconomics, the secondary sector of the economy is an economic sector in the three-sector theory that describes the role of manufacturing. It encompasses industries that produce a finished, usable product or are involved in construction. ...
accounts for 20.3%, that is 11.5 percentage points under the share in the
Slovakia
Slovakia (; sk, Slovensko ), officially the Slovak Republic ( sk, Slovenská republika, links=no ), is a landlocked country in Central Europe. It is bordered by Poland to the north, Ukraine to the east, Hungary to the south, Austria to the s ...
.
Foreign investments
More than 60% of all direct foreign investments in
Slovakia
Slovakia (; sk, Slovensko ), officially the Slovak Republic ( sk, Slovenská republika, links=no ), is a landlocked country in Central Europe. It is bordered by Poland to the north, Ukraine to the east, Hungary to the south, Austria to the s ...
are located in the
Bratislava Region
The Bratislava Region ( sk, Bratislavský kraj, , german: Pressburger/Bratislavaer Landschaftsverband (until 1919), hu, Pozsonyi kerület) is one of the administrative regions of Slovakia. Its capital is Bratislava. The region was first esta ...
.
A car manufacturer
Volkswagen
Volkswagen (),English: , . abbreviated as VW (), is a German Automotive industry, motor vehicle manufacturer headquartered in Wolfsburg, Lower Saxony, Germany. Founded in 1937 by the German Labour Front under the Nazi Party and revived into a ...
Slovakia was established in Bratislava in 1991 subsequent to acquiring Å koda Auto and has expanded since. Currently, its production focuses on
sport utility vehicle
A sport utility vehicle (SUV) is a car classification that combines elements of road-going passenger cars with features from off-road vehicles, such as raised ground clearance and four-wheel drive.
There is no commonly agreed-upon definitio ...
s, which represent 68% of all production.
VW Touareg
The Volkswagen Touareg (German pronunciation: ) is a car produced by German automotive industry, automaker Volkswagen Group since 2002 at the Volkswagen Bratislava Plant. A five-seater Executive car, mid-size luxury crossover SUV, the vehicle was ...
is finished and
Porsche Cayenne and
Audi Q7 are partially built there.
In recent years
service
Service may refer to:
Activities
* Administrative service, a required part of the workload of university faculty
* Civil service, the body of employees of a government
* Community service, volunteer service for the benefit of a community or a pu ...
and
high-tech
High technology (high tech), also known as advanced technology (advanced tech) or exotechnology, is technology that is at the cutting edge: the highest form of technology available. It can be defined as either the most complex or the newest te ...
oriented businesses are thriving in Bratislava. Many global companies, including
IBM,
Dell
Dell is an American based technology company. It develops, sells, repairs, and supports computers and related products and services. Dell is owned by its parent company, Dell Technologies.
Dell sells personal computers (PCs), servers, data ...
,
Lenovo
Lenovo Group Limited, often shortened to Lenovo ( , ), is a Chinese Multinational corporation, multinational technology company specializing in designing, manufacturing, and marketing consumer electronics, Personal computer, personal computers, ...
,
AT&T
AT&T Inc. is an American multinational telecommunications holding company headquartered at Whitacre Tower in Downtown Dallas, Texas. It is the world's largest telecommunications company by revenue and the third largest provider of mobile tel ...
,
SAP
Sap is a fluid transported in xylem cells (vessel elements or tracheids) or phloem sieve tube elements of a plant. These cells transport water and nutrients throughout the plant.
Sap is distinct from latex, resin, or cell sap; it is a separa ...
, and
Accenture
Accenture plc is an Irish-American professional services company based in Dublin, specializing in information technology (IT) services and consulting. A ''Fortune'' Global 500 company, it reported revenues of $61.6 billion in 2022. Accentur ...
, are building their
outsourcing
Outsourcing is an agreement in which one company hires another company to be responsible for a planned or existing activity which otherwise is or could be carried out internally, i.e. in-house, and sometimes involves transferring employees and ...
and service centres or have plans to build in the near future here.
Overview of biggest companies
Other important companies and big employers with headquarters in Bratislava include:
*
IT companies - BGS Distribution, Asbis SK,
Accenture
Accenture plc is an Irish-American professional services company based in Dublin, specializing in information technology (IT) services and consulting. A ''Fortune'' Global 500 company, it reported revenues of $61.6 billion in 2022. Accentur ...
,
Hewlett-Packard Slovakia,
ESET,
AT&T
AT&T Inc. is an American multinational telecommunications holding company headquartered at Whitacre Tower in Downtown Dallas, Texas. It is the world's largest telecommunications company by revenue and the third largest provider of mobile tel ...
,
Lenovo
Lenovo Group Limited, often shortened to Lenovo ( , ), is a Chinese Multinational corporation, multinational technology company specializing in designing, manufacturing, and marketing consumer electronics, Personal computer, personal computers, ...
,
Dell
Dell is an American based technology company. It develops, sells, repairs, and supports computers and related products and services. Dell is owned by its parent company, Dell Technologies.
Dell sells personal computers (PCs), servers, data ...
,
IBM,
Sygic,
Pixel Federation
Pixel Federation, Ltd. is a Slovak game developer and publisher focusing on mobile and social networking platforms. It was founded in 2007 with headquarters in Bratislava, Slovakia. Notable titles they have published include Diggy's Adventure, ...
*
Telecommunication
Telecommunication is the transmission of information by various types of technologies over wire, radio, optical, or other electromagnetic systems. It has its origin in the desire of humans for communication over a distance greater than that fe ...
companies -
Slovak Telekom
Slovak Telekom is the convergent telco provider with the largest internet, fixed-line, digital TV, ICT and mobile services portfolio. The company is 100% owned by Deutsche Telekom AG.
The Slovak Telekom Group consists of the parent company Slo ...
(owner of
T-Mobile Slovensko),
Orange Slovensko
Orange Slovensko, a.s. is a Slovak mobile network operator, also offering fibre connections, since 15 January 1997 (previously named Globtel), when it became the first mobile operator in Slovakia to operate the GSM digital mobile network at the 90 ...
, Slovanet,
O2,
*
Financial institutions -
Slovenská sporiteľňa
Slovenská sporiteľňa is the largest commercial bank in Slovakia. It provides comprehensive banking services to more than 2 million clients via the largest distribution network with 400 retail outlets. It administers almost 6 million accounts, ...
, Všeobecná úverová banka,
Tatra banka,
UniBanka
SEB banka (formerly ''Latvijas Unibanka'', then ''SEB Latvijas Unibanka'') is one of the largest banks in Latvia and a part of the Swedish SEB Group. Nowadays, its main rivals in the Latvian banking market are Swedbank, Luminor and Citadele ban ...
,
Allianz
Allianz ( , ) is a German multinational financial services company headquartered in Munich, Germany. Its core businesses are insurance and asset management.
The company is one of the world's largest insurers and financial services groups. The ...
– Slovenská poisťovňa, Kooperativa poisťovňa,
Winterthur
, neighboring_municipalities = Brütten, Dinhard, Elsau, Hettlingen, Illnau-Effretikon, Kyburg, Lindau, Neftenbach, Oberembrach, Pfungen, Rickenbach, Schlatt, Seuzach, Wiesendangen, Zell
, twintowns = Hall in Tirol (Austria), La ...
*
Construction
Construction is a general term meaning the art and science to form objects, systems, or organizations,"Construction" def. 1.a. 1.b. and 1.c. ''Oxford English Dictionary'' Second Edition on CD-ROM (v. 4.0) Oxford University Press 2009 and com ...
companies -
Doprastav
Doprastav a.s. is a Slovak construction company, which was established in 1953. The company focuses mainly on transportation construction - roads, bridges and railways.
An example of their construction is the Apollo Bridge in Bratislava. It has ...
, ZIPP Bratislava,
Strabag
STRABAG SE is an Austrian construction company based in Spittal an der Drau, Austria, with its headquarters in Vienna. It is the largest construction company in Austria and one of the largest construction companies in Europe. The company is acti ...
*
Chemical and
Pharmaceutical
A medication (also called medicament, medicine, pharmaceutical drug, medicinal drug or simply drug) is a drug used to diagnose, cure, treat, or prevent disease. Drug therapy (pharmacotherapy) is an important part of the medical field and re ...
companies - Slovak's largest
oil refinery
An oil refinery or petroleum refinery is an industrial process plant where petroleum (crude oil) is transformed and refined into useful products such as gasoline (petrol), diesel fuel, asphalt base, fuel oils, heating oil, kerosene, lique ...
Slovnaft
Slovnaft is an oil refining company in Slovakia. The company, located in Bratislava, is a subsidiary of MOL Group.
History
Slovnaft is the successor of the Apollo company. Apollo was established in 1895 in Bratislava. Its refinery was bom ...
,
Henkel Slovensko
*
Utility
As a topic of economics, utility is used to model worth or value. Its usage has evolved significantly over time. The term was introduced initially as a measure of pleasure or happiness as part of the theory of utilitarianism by moral philosopher ...
companies -
Slovenský plynárenský priemysel
Slovenský plynárenský priemysel, a.s. (abbr. SPP; Slovak: literally Slovak Gas Industry) is a state-owned energy supplier headquartered in Bratislava, Slovakia. The company follows on from over 150 years of gas industry in Slovakia. It i ...
(literally Slovak Gas Industry),
Slovenské elektrárne (Slovak Electric company),
Západoslovenská energetika (Electricity distribution company)
*
Food
Food is any substance consumed by an organism for nutritional support. Food is usually of plant, animal, or fungal origin, and contains essential nutrients, such as carbohydrates, fats, proteins, vitamins, or minerals. The substance is inge ...
companies -
Kraft Foods Slovakia, Palma-Tumys, Rajo
*
Engineering
Engineering is the use of scientific method, scientific principles to design and build machines, structures, and other items, including bridges, tunnels, roads, vehicles, and buildings. The discipline of engineering encompasses a broad rang ...
companies -
Whirlpool Slovakia,
Johnson Controls International, SAS Automotive
*
Car manufacturers
This is a list of notable automobile manufacturers with articles on Wikipedia by country. It includes companies that are in business as well as defunct manufacturers. Only companies that have articles here are included.
A
Algeria
* SNVI
...
companies -
Volkswagen
Volkswagen (),English: , . abbreviated as VW (), is a German Automotive industry, motor vehicle manufacturer headquartered in Wolfsburg, Lower Saxony, Germany. Founded in 1937 by the German Labour Front under the Nazi Party and revived into a ...
Slovakia,
Kia Motors,
PSA Peugeot Citroën
*
Travel
Travel is the movement of people between distant geographical locations. Travel can be done by foot, bicycle, automobile, train, boat, bus, airplane, ship or other means, with or without luggage, and can be one way or round trip. Travel c ...
companies - Satur Travel
*
Transport
Transport (in British English), or transportation (in American English), is the intentional movement of humans, animals, and goods from one location to another. Modes of transport include air, land (rail and road), water, cable, pipeline, an ...
ation companies -
Železnice Slovenskej republiky
Railways of the Slovak Republic ( sk, Železnice Slovenskej republiky, acronym: ''ŽSR'') is the state-owned railway infrastructure company of Slovakia.
The company was established in 1993 as the successor to the Czechoslovak State Railways ( ...
, Cargo Slovakia,
Dopravný podnik Bratislava
*
Retailing
Retail is the sale of goods and services to consumers, in contrast to wholesaling, which is sale to business or institutional customers. A retailer purchases goods in large quantities from manufacturers, directly or through a wholesaler, and t ...
companies -
Tesco
Tesco plc () is a British multinational groceries and general merchandise retailer headquartered in Welwyn Garden City, England. In 2011 it was the third-largest retailer in the world measured by gross revenues and the ninth-largest in th ...
Stores Slovak Republic
*
Real estate development
Real estate development, or property development, is a business process, encompassing activities that range from the renovation and re-lease of existing buildings to the purchase of raw Real Estate, land and the sale of developed land or parcels ...
companies -
JTRE
JTRE (J&T Real Estate) is a European real estate developer based in Bratislava, Slovakia. The firm has completed over 50 projects in 9 countries with a combined value of approximately €1.6 billion, and it is active in many market segments—i ...
, Penta Real Estate
Industry
Historically, Bratislava was among the most industrialized and developed cities within the
Kingdom of Hungary
The Kingdom of Hungary was a monarchy in Central Europe that existed for nearly a millennium, from the Middle Ages into the 20th century. The Principality of Hungary emerged as a Christian kingdom upon the coronation of the first king Stephen ...
and most of this heritage was destroyed during the 20th and 21st centuries. Despite Bratislava region being the first region in Slovakia where trade and services have overtaken industrial production there are several major industrial facilities in the city.
The main sectors include the chemical, automotive, engineering, electrotechnical and food-processing industries. Major industrial facilities include:
Slovnaft
Slovnaft is an oil refining company in Slovakia. The company, located in Bratislava, is a subsidiary of MOL Group.
History
Slovnaft is the successor of the Apollo company. Apollo was established in 1895 in Bratislava. Its refinery was bom ...
oil refinery,
Volkswagen
Volkswagen (),English: , . abbreviated as VW (), is a German Automotive industry, motor vehicle manufacturer headquartered in Wolfsburg, Lower Saxony, Germany. Founded in 1937 by the German Labour Front under the Nazi Party and revived into a ...
Bratislava factory and the
Port of Bratislava.
Construction boom
The
Slovak economy's strong growth in the 2000s has led to a boom in the construction industry, and several major projects have been completed in or are planned for Bratislava. Areas attracting developers include the Danube riverfront, with two major projects already under construction: River Park in the Old Town, and
Eurovea near the
Apollo Bridge
Apollo Bridge ( sk, Most Apollo, provisionally known as ''Most Košická'' during construction, after the street leading to it) in Bratislava is a road bridge over the Danube in the capital of Slovakia. It is located between the Starý most and Pr ...
. Other locations under development include the areas around the main railway and bus stations, around the former industrial zone near the Old Town, and in the boroughs of Petržalka and Ružinov. It is expected that investors will spend €1.2 billion on new projects by 2010.
See also
List of tallest buildings in Bratislava
There are over 30 high-rise buildings in Bratislava over 80 meters high with dozens in the planning process or in construction. These are sometimes incorrectly called skyscrapers, predominantly in print; however, currently (2021) there are no tru ...
.
Education
Around 38% of all university educated people in the country are concentrated in Bratislava. The potential of the qualified population with a university or college education is utilised to the level of 94%.
References
External links
Facts and figures 2005
{{DEFAULTSORT:Economy Of Bratislava