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.

Get daily Slovak news directly to your inbox

Top stories

News digest: Sulík presents his pandemic plan, but PM Matovič remains critical

Rules for entering Spain change. Former police chief Gašpar remains in custody. State auctions the 5G network frequencies.

Richard Sulík presented his pandemic plan on November 23.

Which are the largest law firms in Slovakia?

For the first time, the ranking also provides an overview in partial categories of law.

Government has learned little, hesitates to open school gates

Education is a question of rights. So is protesting against the government, but at what costs? Slovakia welcomes hefty investment that comes with a warning sign.

Special regional restrictions and better tracing. SaS has introduced its plan to fight the pandemic

The document is based on eight chapters, which should contribute to economic recovery.

Richard Sulík introduces his plan.