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'''Slovakia''' is a country in Central Europe formed from the Velvet divorce of [[Czechoslovakia]] in 1993.  Its capital is [[Bratislava]].  

'''Slovakia''' is a country in [[Central Europe]] formed from the Velvet divorce of [[Czechoslovakia]] in 1993.  Its capital is [[Bratislava]].  

==People==

==People==

Since the establishment of the Slovak Republic in January 1993, Slovakia has continued the difficult transformation from a centrally-planned to a modern market-oriented economy. This reform slowed in the 1994-98 period due to the crony capitalism and irresponsible fiscal policies of Prime Minister Vladimir Meciar's government. While economic growth and other fundamentals improved steadily during Meciar's term, public and private debt and trade deficits soared, and privatization, often tarnished by corrupt insider deals, progressed only in fits and starts. Real annual GDP growth peaked at 6.5% in 1995 but declined to 1.3% in 1999. Much of the growth in the Meciar era, however, was attributable to high government spending and over-borrowing rather than productive economic activity.  

Since the establishment of the Slovak Republic in January 1993, Slovakia has continued the difficult transformation from a centrally-planned to a modern market-oriented economy. This reform slowed in the 1994-98 period due to the crony capitalism and irresponsible fiscal policies of Prime Minister Vladimir Meciar's government. While economic growth and other fundamentals improved steadily during Meciar's term, public and private debt and trade deficits soared, and privatization, often tarnished by corrupt insider deals, progressed only in fits and starts. Real annual GDP growth peaked at 6.5% in 1995 but declined to 1.3% in 1999. Much of the growth in the Meciar era, however, was attributable to high government spending and over-borrowing rather than productive economic activity.  

The pace of economic reforms picked up during the second administration of Prime Minister Mikulas Dzurinda, which oversaw the simplification of the tax system, reforms of the labor code and pension systems, and a large number of privatizations. The economy grew 8.3% in 2006 (the highest economic growth among OECD members and third highest growth in Central Europe), more than 9% in the first six months of 2007, and is predicted to continue at this pace through the remainder of 2007.  

The pace of economic reforms picked up during the second administration of Prime Minister Mikulas Dzurinda, which oversaw the simplification of the tax system, reforms of the labor code and pension systems, and a large number of privatizations. The economy grew 8.3% in 2006 (the highest economic growth among OECD members and third highest growth in [[Central Europe]]), more than 9% in the first six months of 2007, and is predicted to continue at this pace through the remainder of 2007.  

Slovakia entered into the European Exchange Rate Mechanism in November, 2005, and is currently on target to join the Euro Zone on January 1, 2009 by meeting or coming close to meeting the Maastricht Criteria. Headline consumer price inflation dropped from 26% in 1993 to 4.5% in 2006, and fell below 2.4% in the first months of 2007, supported by falling world energy prices and exchange rate appreciation. .The current account deficit, including the cost of the second pension pillar, reached 3.3% in 2006, but the general government deficit for 2007 is forecast at 2.9%.  

Slovakia entered into the European Exchange Rate Mechanism in November, 2005, and is currently on target to join the Euro Zone on January 1, 2009 by meeting or coming close to meeting the Maastricht Criteria. Headline consumer price inflation dropped from 26% in 1993 to 4.5% in 2006, and fell below 2.4% in the first months of 2007, supported by falling world energy prices and exchange rate appreciation. .The current account deficit, including the cost of the second pension pillar, reached 3.3% in 2006, but the general government deficit for 2007 is forecast at 2.9%.  

Slovak history can find its roots in the Great Moravian Empire, founded in the early ninth century. The territory of Great Moravia included all of present western and central Slovakia, the Czech Republic, and parts of neighboring Poland, Hungary, and Germany. Saint Cyril and Methodius, known for the creation of a Cyrillic alphabet, came to Great Moravia in the early tenth century as missionaries to spread Christianity upon the invitation of the king. The empire collapsed after only eighty years as a result of the political intrigues and external pressures from invading forces. Slovaks then became part of the Hungarian Kingdom, where they remained for the next 1,000 years. Bratislava became the Hungarian capital for nearly two and a half centuries when the Turks overran Hungary in the early 16th century.

Slovak history can find its roots in the Great Moravian Empire, founded in the early ninth century. The territory of Great Moravia included all of present western and central Slovakia, the Czech Republic, and parts of neighboring Poland, Hungary, and Germany. Saint Cyril and Methodius, known for the creation of a Cyrillic alphabet, came to Great Moravia in the early tenth century as missionaries to spread Christianity upon the invitation of the king. The empire collapsed after only eighty years as a result of the political intrigues and external pressures from invading forces. Slovaks then became part of the Hungarian Kingdom, where they remained for the next 1,000 years. Bratislava became the Hungarian capital for nearly two and a half centuries when the Turks overran Hungary in the early 16th century.

Revolutions inspired by nationalism swept through Central Europe in 1848, which led to the codification of the Slovak language by Ludovit Stur in 1846 and later the formation of the dual Austro-Hungarian monarchy in 1867. As language and education policies favoring the use of Hungarian, which came to be known as Magyarization, grew stricter, Slovak nationalism grew stronger. Slovak intellectuals cultivated closer cultural ties with the Czechs, who were themselves ruled by the Austrians. After the dissolution of the Austro-Hungarian State after WWI, the concept of a single Czecho-Slovakian unified state came to fruition. Tomas Masaryk signed the Pittsburgh Agreement, declaring the intent of the Czech and Slovaks to found a new state in May 1918, and a year later become Czechoslovakia's first president.  

Revolutions inspired by nationalism swept through [[Central Europe]] in 1848, which led to the codification of the Slovak language by Ludovit Stur in 1846 and later the formation of the dual Austro-Hungarian monarchy in 1867. As language and education policies favoring the use of Hungarian, which came to be known as Magyarization, grew stricter, Slovak nationalism grew stronger. Slovak intellectuals cultivated closer cultural ties with the Czechs, who were themselves ruled by the Austrians. After the dissolution of the Austro-Hungarian State after WWI, the concept of a single Czecho-Slovakian unified state came to fruition. Tomas Masaryk signed the Pittsburgh Agreement, declaring the intent of the Czech and Slovaks to found a new state in May 1918, and a year later become Czechoslovakia's first president.  

After the 1938 Munich agreement that forced Czechoslovakia to cede territory to Germany, Slovakia declared its autonomy. Slovakia became a Nazi puppet state led by the Catholic priest Jozef Tiso. During this period, approximately 70,000 Slovak Jews were sent to concentration camps to perish in the Holocaust. Roma, while persecuted under the Tiso regime, were not deported by the Slovak Hlinka guards. An undetermined number of Roma were deported from the southern part of Slovakia when it was occupied by Hungary in 1944. The Slovak National Uprising, a resistance movement against the fascist Slovak state, occurred in 1944 with the participation of Slovaks, Russians, Jews, and some allied forces but was put down by Nazi forces.

After the 1938 Munich agreement that forced Czechoslovakia to cede territory to Germany, Slovakia declared its autonomy. Slovakia became a Nazi puppet state led by the Catholic priest Jozef Tiso. During this period, approximately 70,000 Slovak Jews were sent to concentration camps to perish in the Holocaust. Roma, while persecuted under the Tiso regime, were not deported by the Slovak Hlinka guards. An undetermined number of Roma were deported from the southern part of Slovakia when it was occupied by Hungary in 1944. The Slovak National Uprising, a resistance movement against the fascist Slovak state, occurred in 1944 with the participation of Slovaks, Russians, Jews, and some allied forces but was put down by Nazi forces.

{{European Union}}

{{European Union}}

[[Category:European Countries]]

[[Category:European Countries]]

[[Category:Landlocked Countries]]

[[Category:Landlocked Countries]]

[[Category:Christian-Majority Countries]]

[[Category:Christian-Majority Countries]]