Abstract
The political and economic relations between Slovakia and Austria reflect the geographical situation in Central Europe, the change in the political climate after 1989 and, finally, the establishment of the Slovak Republic and its successful efforts to join Euro-Atlantic structures and the European Union. Subsequently, entry into the Schengen area and the European Monetary Union. We focus on some aspects of mutual cooperation between two long-standing neighboring states from the point of view of the theoretical basis of international political and economic cooperation. The aim of the case study is to analyze the successes of international cooperation between Austria and Slovakia, to identify open issues in bilateral relations between Slovakia and Austria, and to predict trends in the coming period. The ambition of this study is also to highlight areas that can be considered key to bilateral cooperation. International cooperation is a very broad field in which general and specific scientific methods can be used. Given the type of study, we decided to use selected general scientific methods, which we adapted to the specifics of examining economic relations between countries. Based on the results, we can say that the possibilities of economic cooperation between Austria and Slovakia are far from exhausted. Joint projects in the field of transport and energy infrastructure, energy security and diversification of energy sources are several examples where cooperation lasts for several years and has a perspective for the future. The increase in cooperation is in the field of foreign trade, in the field of foreign investment, but also in the growing level of services, including the increase in cooperation in the field of tourism. Since its inception, Slovakia has become an important trading partner of Austria, with trade with Austria catching up with trade Slovakia with traditional partners - with neighbors (Poland, Hungary).
Highlights
From a historical point of view, the cooperation between Slovakia and Austria is a logical fact
Several foreign companies have already been convinced of the skills of Slovak researchers, developers and engineers (Urbaníková, M. (2017)), which have set up their Research & Development (R&D) centers in Slovakia, such as: Johnson Controls, ON Semiconductor, Leoni, BSH, ThermoSolar, Sauer Danfoss, Krauss Maffei, Ness, Siemens, Alcatel-Lucent, Mühlbauer, Continental Automotive Systems, Elastogran and others
There was a significant increase towards the Austrian economy - at the level of 20.9%, while imports from Austria increased by 4.4%, which results in a growing positive balance of foreign trade of the Slovak Republic and Austria
Summary
From a historical point of view, the cooperation between Slovakia and Austria is a logical fact. In the course of history, but especially since the revolution in 1848 in Austria - Hungary, when Slovak historians, for obvious reasons, sided with the Austrian side, the relations between the two nations have converged Austria does not lag behind in similar activities due to the opportunity to apply its assets in the dynamically developing economy of Slovakia. This is supported by a constructive foreign and economic policy and intensive bilateral economic, cultural and political dialogue at all levels. (2019)), which are being dynamized by the TEN (Trans-European Transport Network) project, and the Slovak-Austria Cross-border Cooperation Program 2007-2013 within the European Union Regional Economic Policy Examples of positive political cooperation between Slovakia and Austria include the highway, river and rail interconnections of major cities (Tóth, B. (2019)), which are being dynamized by the TEN (Trans-European Transport Network) project, and the Slovak-Austria Cross-border Cooperation Program 2007-2013 within the European Union Regional Economic Policy
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