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The Slovak Republic has a population of a little over 5 million, and covers an area of 49,035 square kilometers.
It became a member of the European Union on May 1, 2004.
Slovakia has a high-income economy and is one of the two former Communist nations (along with Slovenia) that are part of the European Union, Eurozone, the Schengen Area and NATO. Despite its economic growth and migration of workers to other EU countries, the unemployment is still high—9.9%. The country is of great interest to foreign investors due to its low wages and well-educated workers.
The country’s currency—Slovenska koruna—was used until 2009, when it adopted the euro.
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