Spectator on facebook

Spectator on facebook

BUSINESS IN SHORT

PAS: Business climate deteriorates

THE BUSINESS environment in Slovakia deteriorated significantly in the first quarter of 2009 according to the Business Environment Index, calculated quarterly by the Slovak Business Alliance (PAS). The index fell by 3.33 percent on a quarterly basis to 109.5 points, the SITA newswire reported.

THE BUSINESS environment in Slovakia deteriorated significantly in the first quarter of 2009 according to the Business Environment Index, calculated quarterly by the Slovak Business Alliance (PAS). The index fell by 3.33 percent on a quarterly basis to 109.5 points, the SITA newswire reported.

This was the eleventh consecutive drop in the index, showing the deepest quarterly decline ever. The quality of Slovakia’s business environment sank below the levels of 2004, when the index stood at 110.6 points in that year’s first quarter.

The Business Environment Index started gradually to fall beginning in the second quarter of 2006.
Among the categories making up the index, the PAS said the deepest drop was in the area of efficiency of spending state money and access to state aid, which fell by 9.75 points to 52.6 points.

Despite the negative impact of the economic crisis on the general government deficit, the cabinet has not yet re-evaluated state budget expenditures nor introduced radical spending cuts in all departments, according to PAS.

Furthermore, PAS said that extravagant government behaviour was reflected in a significant wage increases in public administration at a time when real wages in private companies with more than twenty employees are shrinking.

Top stories

Messerschmidt created most of his character heads in Pressburg

Bratislava will name a square after the prominent artist

A replica of one head from the series Character Heads by F. X. Messerschmidt; ownership of the Slovak National Gallery

Christmas Bazaar returns to the Old Market hall

One of the events which presents diplomatic communities residing in Slovakia to the wider public is the already traditional Christmas Bazaar, which focuses on gastronomy and charity.

Christmas Bazaar 2016

Blog: The wanderer returns home

The places you visit, people you befriend, experiences that leave their mark, they all become a part of you.

Go east for real morality, Jean-Marc Barr says Photo

The French American actor/director, who plays in a Slovak co-production film, said during a recent visit to Bratislava that eastern Europe, and other eastern countries still have what America has already and what…

Jean-Marc Barr during IFF Bratislava 2017