Slovakia's competitiveness drops to historical low according to the World Economic Forum

In the Global Competitiveness Report 2010-2011 released by the World Economic Forum, Slovakia achieved its worst outcome ever, the SITA newswire reported. The country dropped 13 positions from last year to the 60th place this year in a ranking of 139 countries according to the report released on September 9.

In the Global Competitiveness Report 2010-2011 released by the World Economic Forum, Slovakia achieved its worst outcome ever, the SITA newswire reported. The country dropped 13 positions from last year to the 60th place this year in a ranking of 139 countries according to the report released on September 9.

Slovakia brackets Vietnam and Turkey on the chart and became the fifth least competitive country in the EU since only Romania (67th), Latvia (70th), Bulgaria (71st) and Greece (83rd) posted worse results.

The president of the Slovak Business Alliance (PAS), Robert Kičina, told SITA that negative interference into the local business environment coming from the Slovak government last year and the weak reform effort to remove the most significant barriers in the business sphere caused Slovakia's position on the chart to worsen for the fourth year in a row. PAS is a partner institution of the World Economic Forum.

Source: 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.

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