Spectator on facebook

Spectator on facebook

Entrepreneurs group reports its business environment index hits its historical low

According to entrepreneurs, the business environment in Slovakia deteriorated in the second quarter of this year, with the current value of its business environment index falling to 90.4 points, a decline of 0.51 percent from the previous quarter, based on a survey conducted by the Business Alliance of Slovakia (PAS), the SITA newswire reported.

According to entrepreneurs, the business environment in Slovakia deteriorated in the second quarter of this year, with the current value of its business environment index falling to 90.4 points, a decline of 0.51 percent from the previous quarter, based on a survey conducted by the Business Alliance of Slovakia (PAS), the SITA newswire reported.

Dissatisfaction with the enforceability of laws was responsible, according to the alliance, which added that the government's efforts to improve the business environment, partly neutralised by uncertainty on global markets, did not prevent a drop in the index to its historical minimum.

The Business Alliance further stated that entrepreneurs have very little trust in the judiciary and are dissatisfied with the length of court proceedings and insufficient impartiality of the judiciary. A considerable part of PAS’ criticism is related to the weak protection of creditors, displayed by a low success rate in recovery of receivables.

The entrepreneurs are also worried about a potential acceleration of price growth, related to Slovakia’s regulator's decision on energy prices as inflation has been mostly driven by transportation and energy prices. The third biggest drop in the index was reported in the reliability and financial discipline of business partners.

PAS also noted that businesses are complaining about the stability and predictability of the euro's exchange rate. Slovakia’s labour legislation was evaluated most-positively because of the amended Labour Code. Slovak businesses also positively assessed the state's economic policy, access to information and financing.

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.

Top stories

Crematorium in Bratislava is an architectural revelation Photo

Those who have experienced farewells in other crematoria know what makes it special. Now the best work by the architect Ferdinand Milučký is getting a monograph

Crematorium in Bratislava by architect Ferdinand Milučký

What kind of expectations do some Slovaks have for world leaders?

Among EU member states, opinions of the United States declined in all but two — Poland (which makes some sense) and Slovakia (which does not).

Donald Trump

Crates and boxes. Slovaks discover new ways of grocery shopping

Farmer’s boxes are gaining customers in Slovakia as people slowly become more conscious about quality and the origin of the food they eat.

Foreigners: Top 10 events in Bratislava Video

Tips for the top 10 events in the capital between January 19 and January 28, plus regular services in different languages, training, temporary exhibitions and highlights of the year.

Scandi 4