BUSINESS IN SHORT

Business environment ticks up slightly

ENTREPRENEURS believe the business environment in Slovakia improved slightly in the third quarter of 2010. The current Business Environment Index, calculated by the Slovak Business Alliance (PAS), reached 91.9 points, which represented an increase of 0.39 percent from the previous quarter.

ENTREPRENEURS believe the business environment in Slovakia improved slightly in the third quarter of 2010. The current Business Environment Index, calculated by the Slovak Business Alliance (PAS), reached 91.9 points, which represented an increase of 0.39 percent from the previous quarter.

“The perceived slight improvement in the business environment is an expression of cautious optimism by entrepreneurs, which springs mainly out of the positively perceived programme statement of the government and some of the measures [that have been taken] up to now,” PAS wrote in a press release.

According to PAS, the biggest change in the index, an increase of 2.75 percent, was recorded in the entrepreneurs’ assessment of the state’s economic policy and the accessibility of information. PAS wrote that entrepreneurs welcome the planned austerity measures that should help to stabilise public finances and restart the economy but noted that some individuals felt the government cutbacks should be even deeper.

The Business Environment Index on the other hand recorded a 2.65 percent drop in the perception of payroll tax legislation with entrepreneurs expressing doubt about the government’s draft law which aims to widen the base for calculating payroll taxes without providing an offset in the form of lower rates for payroll taxes.


Get daily Slovak news directly to your inbox

Top stories

News digest: Slovakia opens more testing sites

Slovaks smoke less than 10 years ago. Former tennis player who skipped the vaccination line helped at a hospital.

Journalists' dilemma over the case of the charged Jaroslav Haščák

Investigative reporter Adam Valček writes about what he learned during the Kuciak murder trial and how it applies in the case of the charged co-founder of Penta.

Jaroslav Haščák

Drop in car production lower than expected

Carmakers manufactured 11 percent less cars than in 2019.

Carmakers in Slovakia also produce electric battery and hybrid car models.