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Slovakia’s economy minister proposes measures to save costs for businesses

The Slovak Economy Ministry wants to save more than €100 million each year for companies by improving the business environment, Economy Minister Juraj Miškov told a June 6 press conference, stating that his ministry has elaborated 100 measures which will lessen the administrative burden of businesses, the Sme daily reported.

The Slovak Economy Ministry wants to save more than €100 million each year for companies by improving the business environment, Economy Minister Juraj Miškov told a June 6 press conference, stating that his ministry has elaborated 100 measures which will lessen the administrative burden of businesses, the Sme daily reported.

“We prepared a project called Singapore, the aim of which is to create in Slovakia one of the best business environments and the best one in central and eastern Europe,” Miškov said, as quoted by Sme, adding that Slovakia would thus become “the Singapore” of this region.

He said that after the measures are implemented it would be possible for a company to be established within two days and to spend only one euro in doing so. The ministry also proposes to use more electronic statements within public registries and to simplify the administrative procedures in several other ways.

Source: Sme

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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