Tatra Tiger

DEFINITION of 'Tatra Tiger'

A nickname or colloquial term for the central European nation of Slovakia. It became known as the Tatra Tiger following economic growth rates that were among the highest in Europe in the first decade of the 21st century. Following its separation from the Czechosolovakia in 1993, Slovakia embarked on significant economic reforms that spurred growth, and enabled it to join the European Union in 2004. The term "Tatra Tiger" is derived from the Tatra mountain range that straddles the border between Slovakia and Poland.

BREAKING DOWN '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.

RELATED TERMS
  1. Four Asian Tigers

    The high-growth economies of Hong Kong, Singapore, South Korea ...
  2. Baltic Tiger

    A colloquial term that refers to any one of the three Baltic ...
  3. SKK (Slovak Koruna)

    The currency abbreviation for the Slovak koruna (SKK), the currency ...
  4. Tiger Cub Economies

    The four Southeast Asian economies of Indonesia, Malaysia, the ...
  5. Lion economies

    A nickname given to Africa's growing economies.
  6. EUR

    The currency code used in the general industry to represent the ...
Related Articles
  1. Markets

    Budget Travel: Europe's Cheapest Countries

    Even with a strong dollar, Europe is pricey. Head east and you'll find four EU countries that deliver scenery, adventures and culture at bargain rates.
  2. Investing

    What are the Tiger Cub Economies?

    Tiger cub economies refer to four Southeast Asian economies – Indonesia, Malaysia, the Philippines and Thailand.
  3. ETFs & Mutual Funds

    AIA: iShares Asia 50 ETF

    Read more about BlackRock's iShares Asia 50 Fund, an ETF that follows the four "Asian Tiger'' nations plus China.
  4. Insights

    Play The Market Like Tiger Plays Golf

    Score big by taking Tiger Woods' approach to golf and applying it to your portfolio.
  5. Managing Wealth

    Top 5 Positions in Chase Coleman's Portfolio (NFLX, AMZN)

    Take a look at the top five holdings in the portfolio of Chase Coleman III, the manager of the hedge fund Tiger Global Management.
  6. Managing Wealth

    Chase Coleman's Success Story: Net Worth, Education & Top Quotes (FB)

    Learn more about top hedge fund manager, Chase Coleman, and the singular story of his success, along with his approximate net worth.
  7. Investing

    John Griffin's Success Story: Net Worth, Education & Top Quotes

    Read about the personal and professional journey of John Anthony Griffin, hedge fund manager at Blue Ridge Capital and one of the famous "Tiger Cubs."
  8. Markets

    3 Economic Challenges Poland Faces in 2016

    Learn how Poland's economy faces many challenges entering 2016, mainly due to uncertainties surrounding the European Union and a change in its political regime.
  9. Investing

    Report: Huge Brewery Merger to Win EU Approval

    The long-brewing merger of global beer giants Anheuser-Busch InBev (NYSE: BUD) and SABMiller is on the verge of taking a big step closer to completion. According to a Reuters report, the deal ...
  10. Trading

    Buying Euros as a Long-Term Investment: Risks and Rewards

    Learn about the potential risks and rewards of long term investing in the euro and the current status of the European Union's financial markets.
RELATED FAQS
  1. In what ways does Bayesian probability support the probability default model when ...

    Learn what happened in the European debt crisis. It became a heated argument between the hawks and doves who argued the merits ... Read Answer >>
  2. Which nations' economies have reserve ratios?

    Learn more about the inconsistent imposition of depository banking reserve ratios, and why the United States stands alone ... Read Answer >>
  3. When and why did the euro make its debut as a currency?

    On January 1, 1999, the European Union introduced its new currency, the euro. Originally, the euro was an overarching currency ... Read Answer >>
  4. How did World War II impact European GDP?

    Understand the effect of World War II on the European gross domestic product and what foreign and domestic factors influenced ... Read Answer >>
  5. Why have most modern nations evolved into free market economies?

    Find out why world history has been dominated by free markets since the 18th century and why that trend no longer applies ... Read Answer >>
  6. What are some of the ways that economic growth can be achieved?

    Discover some of the different ideas economists promote to achieve economic growth and how there is little agreement about ... Read Answer >>
Hot Definitions
  1. GBP

    The abbreviation for the British pound sterling, the official currency of the United Kingdom, the British Overseas Territories ...
  2. Diversification

    A risk management technique that mixes a wide variety of investments within a portfolio. The rationale behind this technique ...
  3. European Union - EU

    A group of European countries that participates in the world economy as one economic unit and operates under one official ...
  4. Sell-Off

    The rapid selling of securities, such as stocks, bonds and commodities. The increase in supply leads to a decline in the ...
  5. Brazil, Russia, India And China - BRIC

    An acronym for the economies of Brazil, Russia, India and China combined. It has been speculated that by 2050 these four ...
  6. Brexit

    The Brexit, an abbreviation of "British exit" that mirrors the term Grexit, refers to the possibility of Britain's withdrawal ...
Trading Center