Slovakia 40th in global economic freedom ranking

THE SLOVAK economy was the 40th most free in the world in 2006, according to the economic freedom index published annually by the US Heritage Foundation and the Wall Street Journal.

The Bratislava-based F.A. Hayek Foundation, a Slovak partner in the project, reported that economic freedom in Slovakia is 68 percent of the EU average.

The index evaluated a total of 157 countries.

The evaluation notes the high level of freedom in Slovakia in doing business, investing, and trade. On the other hand, the country was criticized for its judicial system, weak law enforcement and still high level of corruption.

Of Central European countries only the Czech Republic ranked ahead of Slovakia, finishing in 39th spot.

The world leaders are Hong Kong, followed by Singapore and Australia

Get daily Slovak news directly to your inbox

Top stories

Car industry needs to jump on the latest trends

Economy minister promises extensive support for hydrogen technologies in Slovakia.

The Hydrogen Technology Research Centre (CVVT) is to be launched at the end of 2020 or beginning of 2021 in Košice to do R&D in this field.

Half of all parents lack time to help their children with distance learning

Some have a hard time motivating their children, others do not understand the curriculum.

What brands should do in a pandemic of distrust

Strategic communication lessons of the COVID-19 pandemic summarized and explained by experts from Seesame.

Illustrative stock photo

Want to publish a book? You can do it yourself

Self-publishing is setting a new trend.

Nikoleta Kováčová has published two cookbooks without the aid of a publishing house.