EBRD: Slovakia a leader in improving

OVER THE PAST three years, Slovakia has made strong progress in improving business conditions, according to a report by the European Bank for Reconstruction and Development (EBRD).

The EBRD compared 26 states on their way to fully functional market economies, including eight new EU member states from Central Europe and the Baltics, seven Balkan countries, and 11 former members of the Soviet Union. The results were tabled in the EBRD's Transition Report 2005.

The report generally praised Slovakia, although it also warned of several risks to Slovakia's economy, such as the delayed liberalization of the telecom sector, where the state has tolerated the dominance of Slovak Telecom for many years.

The report warned that Slovakia should diversify its foreign investments to avoid becoming too dependent on the automotive industry. The newly adopted rules for investment incentives were a positive step in this regard, according to the EBRD.

The report also warned that the arrival of a new government following 2006 general elections could present a risk for public finances.

Top stories

News digest: Matovič survives, new education minister arrives

Lesser-known Andy Warhol paintings up for auction and a poll on Slovaks' controversial wishes about the war in Ukraine.


3 h
Czech police officer controls a truck at the border with Slovakia in Stary Hrozenkov, Czech Republic.

Terrible living conditions in camps mean refugees want a better life west (interview)

Peter Devínsky on why migration routes now go through Slovakia.


11 h
Anti-government protest organised by the opposition Smer party in Bratislava, September 2022.

Poll mired in controversy reveals many Slovaks’ wish for Russian victory

Despite heated debate over the methodology used in the survey, experts are not shocked by the latest findings.


14 h
SkryťClose ad