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Slovakia Flag

Slovakia Flag
Flag of Slovakia
Slovakia flags for displaying indoors or out.
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Slovakia

Slovakia Background

In 1918 the Slovaks joined the closely related Czechs to form Czechoslovakia. Following the chaos of World War II, Czechoslovakia became a Communist nation within Soviet-ruled Eastern Europe. Soviet influence collapsed in 1989 and Czechoslovakia once more became free. The Slovaks and the Czechs agreed to separate peacefully on 1 January 1993. Slovakia was invited to join NATO and the EU in 2002.

Slovakia Economy

Slovakia has mastered much of the difficult transition from a centrally planned economy to a modern market economy. The DZURINDA government has made excellent progress in 2001-03 in macroeconomic stabilization and structural reform. Major privatizations are nearly complete, the banking sector is almost completely in foreign hands, and foreign investment has picked up. Slovakia's economy exceeded expectations in 2001-03, despite the general European slowdown. Unemployment, at an unacceptable 15% in 2003, remains the economy's Achilles heel. The government faces other strong challenges in 2004, especially the cutting of budget and current account deficits, the containment of inflation, and the strengthening of the health care system.

Slovakia Location

Central Europe, south of Poland

Slovakia Flag

three equal horizontal bands of white (top), blue, and red superimposed with the Slovak cross in a shield centered on the hoist side; the cross is white centered on a background of red and blue


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