List of companies of Slovakia
Slovakia is a high-income advanced economy with a very high Human Development Index, a very high standard of living and performs favourably in measurements of civil liberties, press freedom, internet freedom, democratic governance and peacefulness. The country maintains a combination of market economy with universal health care and a comprehensive social security system. The country joined the European Union in 2004 and the Eurozone on 1 January 2009. Slovakia is also a member of the Schengen Area, NATO, the United Nations, the OECD, the WTO, CERN, the OSCE, the Council of Europe and the Visegrád Group. The Slovak economy is one of the fastest growing economies in Europe and 3rd fastest in eurozone. Its legal tender, the Euro, is the world's 2nd most traded currency. Although regional income inequality is high, 90% of citizens own their homes. In 2016, Slovak citizens had visa-free or visa-on-arrival access to 165 countries and territories, ranking the Slovak passport 11th in the world. Slovakia is the world’s biggest per-capita car producer with a total of 1,040,000 cars manufactured in the country in 2016 alone. The car industry represents 43 percent of Slovakia’s industrial output, and a quarter of its exports.
Economy of communist Czechoslovakia
The koruna (Kčs), or crown, was the national currency and consisted of 100 haléřů. In 1986 the currency continued to be convertible only under restricted conditions and at official rates. Violation of exchange regulations constituted a serious offense. The koruna could be used only within the country and was not used in foreign trade. In 1987 the official, or commercial, exchange rate was Kcs5.4 per US$l; the tourist, or noncommercial, rate was Kcs10.5 per US$l. The koruna was legally defined in terms of 123 milligrams of gold, which provided a historical basis for the commercial rate.The main function of the banking system was to act as the government's agent in implementing the financial plan, an important part of which consisted of expanding and contracting credit to meet the economy's needs. The central authorities controlled most investments directly, and the national plan regulated production. The State Bank acted as a supervisory agent in extending credit to the enterprises, ensuring that the investments met plan goals. The bulk of bank credit was for working capital, largely utilized to finance the purchase of materials and the sale of finished products. The powers of the State Bank appeared to be somewhat limited, however, since credit was extended according to guidelines for planned production.