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Slovakia moves up in economic freedom

SLOVAKIA ranked 54th among 127 countries included in the latest Index of Economic Freedom (IEF) prepared by the Vancouver-based Fraser Institute, and based on 2003 data, the TASR news agency reported.

Ivan Švejna, of the F A Hayek Foundation, which cooperates with the Fraser Institute on the IEF, said that Slovakia moved three places up compared to last year and put itself among states having a medium or higher degree of economic freedom.

In the 10-point rating, Slovakia scored 6.6 points, which was 0.1 better year-on-year. Honk Kong leads the chart with 8.7 points.

IEF evaluates 21 categories. Slovakia came worst in the category of state interventions to the economy – as low as 110th – but was among the top 10 in terms of the openness of its market.

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

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