Why have industries located there 1. Relatively low labour costs – average wage for person in the UK is 1300 Euros whereas in Slovakia it is 780 Euros. 2. Low taxes for companies - Slovakia has a flat tax rate of 19% for everyone on the company (individuals and companies) which is much lower than the rest of Europe. 3. A highly skilled labour force –Slovakia used to have its own heavy industries so it has a large amount of already skilled workers. 4. Strong work ethic – Slovakia is the poorest country in the EU (but still an MEDC) and its population has a strong work ethic as they are working hard towards having abetter standard of living. This means that there are high levels of productivity. 5. Low transport costs –Slovakia is located to its European markets so the transport costs are lower. 6. Stable country politically
