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Singapore Business Federation organises the third Slovakia-Singapore Business Forum to encourage stronger bilateral relations

3 November 2014 [Singapore] – In conjunction with the visit of H.E. Miroslav Lajcak, Deputy Prime Minister and Minister of Foreign and European Affairs of Slovakia, the Singapore Business Federation (SBF) organised the third Slovakia-Singapore Business Forum this afternoon. This is the second bilateral business forum organised within a year; the last being held in Bratislava during the visit of President Tony Tan Keng Yam's state visit to Slovakia in November 2013.

The forum saw close to 60 and 11 company representatives from Singapore and Slovak companies respectively. The representations from the Slovak companies were from the engineering, architecture, IT solutions and business consultancy sectors. In 2013, bilateral trade between Slovakia and Singapore improved by 13.5% to S$122 million.

In his opening remarks, Mr Ho Meng Kit, SBF Chief Executive Officer said "There is a hunger for innovation-based economic growth in Asia. Slovakia's strength in innovation research and technology can yield collaborative synergies between Slovak and Singapore companies keen to offer their solutions to the immense needs of our regional markets."

As Singapore's apex business chamber, SBF is committed to playing a pivotal role in facilitating business exchanges between Singapore and the European Union (EU). Besides encouraging Singapore companies to explore opportunities in the EU, SBF also encourages EU companies to capitalise on the EUSFTA and use Singapore as their gateway into the growing ASEAN and Asia region.

One such company is ESET, an IT security company founded in 1992 and headquartered in Bratislava, Slovakia. "Expanding into Asia Pacific has been a crucial part of the global business strategy for ESET. Asia Pacific also continues to see some of the highest adoption rates for smartphone and computer-based technologies in the world, and the market response to our consumer and business products continues to go from strength to strength. Since establishing in the region in 2010, we are now present in 14 markets, and thanks to the excellent distribution and channel partner networks, that number is growing", said Mr Lukas Raska, Chief Operating Officer for APAC at ESET.

Participants were invited to raise queries at the panel discussion, moderated by Robert Sebaka (Founding Member of the Singapore Central European Chamber of Commerce)

Singapore Business Federation organises the third Slovakia-Singapore Business Forum to encourage stronger bilateral relations

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