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BUSINESS IN SHORT

Business environment worsened

THE BUSINESS environment in Slovakia continued to worsen in 2011 as measured by a survey prepared by the Business Alliance of Slovakia (PAS), which reported that its index had fallen to 87 points at the end of 2011, the lowest level since PAS started calculating the index of business environment in 2001, the SITA newswire reported.

THE BUSINESS environment in Slovakia continued to worsen in 2011 as measured by a survey prepared by the Business Alliance of Slovakia (PAS), which reported that its index had fallen to 87 points at the end of 2011, the lowest level since PAS started calculating the index of business environment in 2001, the SITA newswire reported.

The most significant fall in the index was in the category of the functioning of the political system, with PAS attributing this to the collapse of the Radičová government in October 2011 and the inability of many ministries to pursue reforms, SITA wrote.

The second largest fall in the index, based on the responses of entrepreneurs clustered within PAS, were in the state’s economic performance and access to state support. The third largest drop was recorded in enforceability of laws and the functioning of the judicial system.

The survey responses did find that the businesspeople thought that employment-related legislation had improved due to the changes in the Labour Code that took effect in September last year.

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