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Investopedia explains 'Tatra Tiger'
Reforms ushered in by the Slovakian political coalition that assumed power in 1998 included the introduction of a flat 19% corporate tax, and deregulation of the labor market. Slovakia possesses several attributes common to the well-known Asian Tigers, such as economic stability, low costs and a well-trained workforce. In addition, with the nation's geographic location as an entry point into Europe enhancing its attraction for auto-manufacturing assembly lines, a number of global automobile manufacturers and ancillary suppliers set up factories in Slovakia. In 2005, the World Bank ranked Slovakia as one of the top 20 destinations for foreign direct investment.
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