- The Slovak economy experienced dynamic growth over the last decade. The average annual GDP growth was 4% over the period 2005-2015. Slovakia has a small and quite open economy.
- The total exports of goods and services accounted for 96.2% of the Slovak GDP in 2015.In 2016, the Slovak Government presented its plans for increasing public support for R&D in 2016-2019. Most of the increase should be channelled into project finance and international cooperation in the field of research and innovation (R&I).
- The National Reform Programme (NRP) 2016 sees the implementation of the RIS3 document as very significant for structural changes in the area of R&I. A higher involvement of Slovak organisations in EU and international R&D programmes is also considered a priority. The NRP refers to the need for stabilising public support to R&D and a higher engagement of the private sector in R&D activities.
- The Ministry of Finance has presented estimates of the indirect support to R&D of €372.6m for 2016-2019 in the Proposal for the Budget of Public Administration for 2016-2017.