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” It was part of Czechoslovakia until the „velvet divorce” in January 1993.
Having uncoupled itself from its western neighbour, Slovakia at first struggled to prove itself as an independent democracy, but by the time of the twentieth anniversary of the „velvet divorce” in January 2013, it had come to be seen as one of Europe’s biggest success stories.
The first five years after independence were marked by frosty relations with the European Union and Nato as a result of concerns over the Slovak leadership’s democratic credentials. ” BBC world wide
Indeed that Slovakia has a very interesting history and rapidly develop in variety of aspects, when we compare a country that has a small population about 5.4 million only with GDP Per capita $24,284 and a country like Poland with population of 38.5 million with GDP Per capita $13,334 that’s make us wonder how the Slovaks reached or improve their economy.
Although, Poland’s high-income economy is considered to be one of the healthiest of the post-Communist countries and is currently one of the fastest growing within the EU.
On Jan. 1, 1993, Slovakia, splitting with its larger Czech neighbor in what is known as the Velvet Divorce.Twenty years later, Slovakia, with a population of just 5.5 million, is recovering from a free-market roller-coaster ride.
Slovakia — hailed as having the highest growth in gross domestic product in the European Union in 2007, 2008 and 2010 — expects growth this year to decelerate to less than 1 percent. Once a poster child for the euro zone, which it joined in 2009, Slovakia broke ranks in 2010 when its Parliament voted against a bailout for Greece, angering its European partners. The failure of another vote to defend the euro in 2011 led to the election last year of a new government, with a pronounced pro-European bent.
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