Improved business environment hailed

A NEW report by the Slovak Business Alliance (PAS) showed that local entrepreneurs appreciated improving conditions for doing business in Slovakia.

A business environment index that started at 100 points in July 2001 improved to 108.7 points in the third quarter of 2003, wrote the Slovak daily SME.

Businesspeople who participated in the survey thought that over the last two years, the access to loans in Slovakia improved by 30 percent.

On the negative side, however, businesspeople continue to consider low law enforcement and ineffective courts to be an impediment to doing business in the country.

The report also showed that, if managers were to influence the policymaking in Slovakia, they would concentrate on law enforcement. Businesspeople also consider simplification and stabilization of tax legislation to be important.

Compiled by Martina Pisárová from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

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