Slovak Business Agency

SBA (formerly the National Agency for the Development of Small and Medium Enterprises) was established in 1993 by a joint initiative of the EU and the Slovak Government. It is a unique platform for the public and private sectors. Founding members: Ministry of Economy of the Slovak Republic Association of Entrepreneurs of Slovakia Slovak Trade Union vision: SBA wants to be the first choice of Slovak companies in the establishment and development of their business. Mission of the SBA: Comprehensive assistance to entrepreneurs in accordance with the principles of the Small Business Act. Comprehensive business support at national, regional and local level. Strengthening the competitiveness of entrepreneurs within the EU common market and in third country markets. Objectives of the SBA Increase business survival in the market Increase employment in the private sector Improve the innovation performance of Slovak enterprises Stimulate entrepreneurial spirit Avoid marginalization of businesses Increase the competitiveness of the Slovak business environment and Slovak enterprises SMEs in Slovakia Small and medium-sized enterprises are the pillar of the Slovak economy: - they account for 99,9% of the total number of enterprises, - provide employment opportunities for almost 75% of the active workforce in the business economy, - account for more than 50% of gross production and value added.