Measures adopted over the past two years have contributed to a worsening business environment in the country, the Slovak Business Alliance (PAS) concluded on June 26.
A survey shows that the value of the business environment index has dropped 6.5 points over the two years since the Robert Fico government came to power. PAS accuses the government of remaining blind to the fact that the business environment’s problems are deepening, said PAS Executive Director Robert Kičina.
He also said that law enforcement was still weak in Slovakia. Further problems that hamper business activities are non-transparent and incomprehensible legislation, high social security and health insurance payments, an ineffective social system, high corruption and bureaucracy and an education system that is slow to adapt.
Kičina emphasised, however, said that the poll does not mean the economy is going to collapse.
"But it does mean that a recession is nearing. If the index continues worsening, economic growth potential will be lower.”
The PAS poll awarded the Fico government an “A” in only one sphere - macroeconomic stability, a balanced budget and the euro changeover. SITA
Compiled by Zuzana Vilikovská from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.
26. Jun 2008 at 18:00