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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

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