Spectator on facebook

Spectator on facebook

Reader feedback: 3-month wait costs small business

Re: Establishing firms in Slovakia as slow as in Botswana, Flash News, Oct. 20 - 26, Vol. 9, No 40

I think one should be "shaken" by the fact that it takes three months to set up a company here, since it gives one a hint of how serious the country is about economic growth and stimulation.

Look at the USA, where it takes a week or less to set up a company. Small and mid-sized businesses are the backbone of the US economy. And the fact that a person doesn't have to jump through a series of bureaucratic hoops to set up a business is a major incentive.

Of course, the three-month waiting period here is only one factor out of many. But it does affect the country's business environment, and thus the economy.

Eric M. Roberts,
Bratislava

Top stories

The unemployment rate continued its downward trend in December

The problem of unemployment in Slovakia is not the lack of jobs but the unsuitable structure for job seekers.

A Slovak prisoner tattooed in Auschwitz, remained silent until he grew very old

Lale Sokolov fell in love in the concentration camp; only those close to him knew his story.

A tattoo, illustrative stock photo

Kiska: Only president can bestow awards

President Andrej Kiska turned to Constitutional Court over the law on state awards recently passed by the government.

President Andrej Kiska granting awards, January 1, 2018