Spectator on facebook

Spectator on facebook

EBRD: Slovakia a leader in improving business conditions

OVER THE PAST three years, Slovakia has made strong progress in improving business conditions, according to a report by the European Bank for Reconstruction and Development (EBRD).

The EBRD compared 26 states on their way to fully functional market economies, including eight new EU member states from Central Europe and the Baltics, seven Balkan countries, and 11 former members of the Soviet Union. The results were tabled in the EBRD's Transition Report 2005.

The report generally praised Slovakia, although it also warned of several risks to the Slovak economy, such as the delayed liberalization of the telecom sector, where the state has tolerated the dominance of Slovak Telecom for many years.

The report warned that Slovakia should diversify its foreign investments to avoid becoming too dependent on the automotive industry. The newly adopted rules for investment incentives were a positive step in this regard, according to the EBRD.

The report warned that the arrival of a new government following 2006 general elections could present a risk for public finances.

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

Top stories

Jaguar plant in Nitra will be bigger

The carmaker plans to add a new facility and employ more people.

Jaguar Land Rover plant near Nitra is under construction

Government members met at a distance

The session had only one point on its programme: the mandate for the prime minister to meet with the French president.

It’s not easy to be friends with Fico

Will Andrej Danko take the government down with him?

Andrej Danko

Bankers adjust to customers’ habits

More people will be coming to banks for advisory.