Already a member of the European Union it is also planning to adopt the Euro currency on 1 January 2009 and therefore has entered the ERM II for the purpose. Bratislava, the capital city of Slovakia, holds a very cosmopolitan spirit and hosts many festivals and trade shows. It is famous for its night life and leisure facilities.

Slovakia offers one of the cheapest yet equivalent quality European degrees to the students going for abroad study. Slovakia has common borders with the Czech Republic, Poland, Ukraine, Hungary and Austria. Though it has no access to the sea, its mountains, plains and rivers make it a place well worth the visit. The guidelines of the law too allow for the student to complete, within the framework of his/her program, periods of study in another domestic or foreign faculty or university so making it an easy point for credit transfer.

There are 24 higher education institutions in the Slovak Republic, of which, 19 are public, four are state owned and one is private. The only higher education institutions that have remained under complete state ownership are two military, one police and one medical school. City University, the only accredited private institution of higher education, offers bachelor-level qualifications only.

Offering degrees up to the doctorate Slovak institutions of higher education have also participated in the Leonardo da Vinci program since 1998. The system of quality assurance for higher education in Slovakia is based on internal quality assessment, external evaluation and accreditation.