Internationalization of Small and Medium-Sized Enterprises in the Slovak Republic

Small and medium-sized enterprises are an essential component in almost every EU country. Their production is intended to domestic market. But the natural essence of enterprise is that after a certain time the enterprise goes into the growth phase. SMEs are penetrating to the foreign market. Export/import is often only the first phase of internationalization of SME. The paper deals with internationalization of SMEs in the Slovak Republic compared with chosen countries of the EU. At the same time paper evaluates the industry where the SMEs have the highest level of internationalization and sets out the reasons of the higher level of the SMEs internationalization.