Spectator on facebook

Spectator on facebook

PAS: Business environment worsened further in Q4 2011

The business environment continued to deteriorate in the final quarter of 2011, the Slovak Business Alliance (PAS) said on Wednesday, February 8, as reported by the TASR newswire.

The business environment continued to deteriorate in the final quarter of 2011, the Slovak Business Alliance (PAS) said on Wednesday, February 8, as reported by the TASR newswire.

PAS's Business Environment Index (IPP) stood at 87 points in the fourth quarter of last year, representing a drop of 2.43 points compared to the previous three months. "The perceived worsening is tied mainly to events surrounding the demise of the government and the resulting halt to the adoption of reform bills," said PAS executive director Róbert Kičina. "Entrepreneurs are also increasingly wary given the difficulties in predicting developments on the Slovak political scene as well as on markets in Europe," Kičina added. PAS is an association of companies that employ 64,000 people and have a combined annual turnover of €16.93 billion.

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

Why did we have to wait ten years for the verdict in the bulletin-board case?

The case is still not concluded. The Supreme Court will have to deal with the appeal of ex-ministers; the case of embezzlement by the non-licensed banking institution of Jozef Majský has also become protracted.

Ex-minister Janušek, sentenced October 18.

Sentenced!

It is definitely good news that at least one emblematic scandal did not end in vain.

Minister Igor Štefanov was sacked over a scandal.

Do you want a Sagan for your Lego collection? Photo

The post is very popular on Facebook.

Peter Sagan

Refurbishment of Trnavské Mýto has started

The facelift of the underpass crossing should be completed by summer. Fate of nearby Istropolis still not known

Reconstruction of Trnavské Mýto underpass started.