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

Vast damage after the supercell storm in southern Moravia.

UPDATED: Tornado damaged villages just across the Slovak borders

Czech authorities report five dead, one a native of the Slovak town of Prešov, and hundreds of injured in southern Moravia region.


7 h

News digest: Slovakia ready to help after damaging storm hits neighbours

Bratislava zoo director has resigned due to her citizenship. Purchase of American jet fighters unjustified. Also read about the annual city festival taking place in Bratislava and take a look at the unusual mammatus clouds above the city.


2 h
The Weekend of Open Parks and Gardens has became a popular event in Slovakia

Pandemic highlights the importance of parks and gardens

Parks and gardens across Slovakia will open during the Weekend of Open Parks and Gardens


23 h
The panorama of the High Tatras and the gravel lake between the town of Svit and the village of Batizovce in the Poprad district.

A Slovak castle appears in "Friends: The Reunion"

A brown bear toured a Slovak town. You can now tour a region filled with tasty wine.


7 h