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ECONOMIC BRIEFS

Report ranks countries' "economic freedom"

In the list of countries ranking economic freedom, Slovakia is sixty-sixth among 115 countries, according to a report prepared by the Canadian Fraser Institute. Other Visegrád countries didn't fare much better: the Czech Republic was sixty-second, Hungary was sixty-third, and Poland was eighty-first. The top places are occupied by Hong Kong, Singapore, and New Zealand. According to the report, Slovakia needs to clarify legislation, remove barriers to doing business, further liberalize trade, and keep inflation low to move up in the standings.

Top stories

Cloud computing becomes a standard

External servers are now much more secure than local business ones, according to experts.

Slovak firms have their eyes on the cloud.

Slovaks drink less and less

Behind the decline in alcohol consumption is, for example, the abandoning of the habit of drinking at work – typical especially during communism, according to an expert.

Kiska: Even Europe has its aggressive neighbour

President Andrej Kiska addressed UN commenting poverty, instability and climate change.

President Andrej Kiska

Arca Capital enters the banking sector

Czech and Slovak financial group acquires a majority share in Austrian private bank Wiener Privatbank.

Bank, illustrative stock photo