Spectator on facebook

Spectator on facebook

PAS: Entrepreneurial climate worsened in second quarter, hitting record low

The entrepreneurial environment in Slovakia further deteriorated in the second quarter of 2012, with businessmen complaining in particular about planned changes to the tax and payroll deductions burden and the lack of certainty about government measures in the sphere of economic policy, the executive director of the Slovak Business Alliance (PAS) lobbying group, Róbert Kičina, said on Thursday, August 2, as reported by the TASR newswire.

The entrepreneurial environment in Slovakia further deteriorated in the second quarter of 2012, with businessmen complaining in particular about planned changes to the tax and payroll deductions burden and the lack of certainty about government measures in the sphere of economic policy, the executive director of the Slovak Business Alliance (PAS) lobbying group, Róbert Kičina, said on Thursday, August 2, as reported by the TASR newswire.

The current level of the Entrepreneurial Environment Index (IPP), PAS's own internal gauge, is 84 points, the lowest since the index was launched more than ten years ago. It is now 3.46 percent lower than the figure for the previous quarter. Other complaints included: legislation on taxes, charges and investment; lack of efficiency in state money management; labour legislation; and poor law enforcement. Very few items recorded improvement: openness of companies concerning information; environmental consciousness; and behaviour towards business partners.

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

Job ads should inform about basic salary

One of the proposal’s authors from the Smer coalition voted in May against a similar proposal authored by opposition deputies

The shortage of workforce is a growing problem for entrepreneurs.

Top 3 news from Last Week in Slovakia Video

EMA will not relocate to Slovakia - Job ads will have to state actual payrates - Trnava factory to produce electric cars

PSA plant in Tranva.

Námestie Slobody square closer to facelift Photo

The Bratislava city council wants to revitalise the square by the end of 2018

The winning project for revitalisation of Námestie Slobody square

Slovak hockey league will not rest during Olympics

Unlike the Slovak premiere hockey league, Swiss, German and Russian leagues will take a break during the 2018 Winter Olympics.

Ice hockey is popular in Slovakia