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

It takes nuts to help Kenyans

Slovakia has provided more than €10 million to the Kenyan people since 2005.

Muruku slum in Naorobi

Woman who urinated on the Quran arrested, awaiting trial

Some observers believe the video might lead to increasing security risks for Slovakia.

The accused woman arrives to the court.

EC praises economy, but problems remain

The recent report highlights Slovakia’s economic development. The country however still lags behind in several areas affecting people’s lives.

Famous books on totalitarianism popular in Slovakia too

Internet bookstores have recorded an increased interest in books exploring totalitarian regimes, including demanding theoretical works.

George Orwell in Slovak bookstores