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

The Nordic walker with the best technique in the world is Slovak Photo

For Lucia Okoličányová, Nordic walking has become her love of life and philosophy

Lucia Okoličányová

Sulík: Kiska's party would only further break the centre right

Fico's star is falling and he could still save himself now for another election term, says opposition SaS leader Richard Sulík about who would benefit from early elections.

Richard Sulik

Revolution in personal data is coming

Are the companies ready for GDPR?

Illustrative stock photo

Slam poetry honours For Decent Slovakia initiative

The third edition of the Clash of Languages will combine German, English and Slovak languages in a unique effort to support the civil initiative.

Clash of Languages, Slam Poetry Event