Spectator on facebook

Spectator on facebook

Slovak business chamber expects economic stagnation in 2012

Slovak business leaders believe that the economic results for their companies will stagnate in 2012, the TASR newswire reported based on an announcement from the Slovak Trade and Industrial Chamber (SOPK) on January 23. "The deceleration in growth will especially affect employment, profits and losses after tax, exports and investments," SOPK stated, as quoted by TASR, based on a survey conducted among its member companies at the end of 2011, with 29 percent of the respondents foreseeing an unfavourable business environment in 2012.

Slovak business leaders believe that the economic results for their companies will stagnate in 2012, the TASR newswire reported based on an announcement from the Slovak Trade and Industrial Chamber (SOPK) on January 23.

"The deceleration in growth will especially affect employment, profits and losses after tax, exports and investments," SOPK stated, as quoted by TASR, based on a survey conducted among its member companies at the end of 2011, with 29 percent of the respondents foreseeing an unfavourable business environment in 2012.

The respondents also stated that they want better law enforcement, quality legislation, and removal of administrative burdens in order to improve the business environment. Those surveyed were also critical of income taxes and payroll levies, the Labour Code, and lack of transparency in public procurements and also requested more intensive state support for domestic businesses.

"The dominant risks affecting the business environment are cronyism and corruption," SOPK stated to TASR.

Source: TASR

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

Foreigners again used Slovak guns to kill

Although the international operation began in March, no investigator contacted a Slovak dealer.

AFG was selling large numbers of expansion weapons, which were in fact old deactivated military weapons.

Czechoslovakia could have been Switzerland

In Hodonín and Holíč, Czechoslovakia still exists.

In Holíč, the border is basically non-existent.

Infertility in men is increasing with those in their 40s better off then those in their 20s

Treatment of infertility can cost tens, or even several thousand euros. Only part of the cost is covered by health insurance companies.

To be fertile, a man has to have 15 million sperms per milligram of ejaculate, of which 4 million must be healthy.

Budgetary deficit supposed to be under 1 percent for the first time

MPs approved the public administration budget for the next year, with 82 voting for it, and 59 against.

Finance Minister Peter Kažimír