Founding firms in Slovakia very slow

A WORLD Bank report says that establishing a firm in Slovakia takes almost as long and is as complicated as it is in Botswana.

Business people must arrange at least 10 different formalities, and the process of setting up a business operation lasts at least 3 months.

The study said conditions for business people in Slovakia were far behind those of business people in Australia, Canada, New Zealand, Denmark, and the US.

In terms of expenses, the establishment of a firm in Slovakia costs as much as it does in Australia - $401 (€342) - where the process is the fastest.

Get daily Slovak news directly to your inbox

Top stories

Better times ahead for the Calvary in Bratislava

The last preserved station was restored this summer.

The last preserved station of the Stations of the Cross in Bratislava

Roundup: Bratislava’s Old Market Hall hosts Christmas markets

If you have not watched the 'Dracula' miniseries, filmed in Slovakia last year, it is about time.

Bratislava’s Old Market Hall will provide visitors with Christmas vibes in the coming four weeks. Each week, from Wednesday to Saturday, people can do a little bit of Christmas shopping at the venue.

Fico admits to ties with Bödör

Former prime minister stands by his praise for the state secretary who confessed to corruption and court interference.

Robert Fico during his November 26 press conference.