Spectator on facebook

Spectator on facebook

Slovakia’s competitiveness ranking falls

For the seventh year in a row Slovakia has dropped on the list of competitiveness compiled by the World Economic Forum (WEF). Compared to previous year the country fell by seven positions to 78th place, its historically worst placement, according to the Global Competitiveness Report 2013-2014 published on September 4.

For the seventh year in a row Slovakia has dropped on the list of competitiveness compiled by the World Economic Forum (WEF). Compared to previous year the country fell by seven positions to 78th place, its historically worst placement, according to the Global Competitiveness Report 2013-2014 published on September 4.

Slovakia is the second least competitive country of the European Union, according to the rankings, trailing only Greece which placed 91st. The country was preceded by Croatia at 75th and Romania at 76th, reads the press release of the Business Alliance of Slovakia (PAS), a partner institution of WEF.

“The fall of Slovakia in the evaluation of competitiveness is a result of pessimism of businesspeople which results from unsolved barriers to business-making and from changes to the tax-payroll tax system and labour legislation which became effective in the beginning of this year,” said Róbert Kičina, executive director of PAS, as quoted in the press release.

Kičina added that Slovakia’s competitiveness is negatively affected mostly by ineffective public institutions, weak law enforcement, red tape, clientelism, an unattractive tax system, low transparency and effectiveness of public expenses, increasing indebtedness of state, a rigid labour code and a low-quality education system.

The most competitive country was Switzerland, followed by Singapore, Finland, Germany and the United States, the press release states.

The WEF survey covered 148 countries between January and April 2013. More than 13,000 managers took part. In Slovakia 250 big companies and 250 small and medium-sized enterprises took part in the survey, according to the press release.

Source: PAS press release

Compiled by Radka Minarechová from press reports

The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

The processing of personal data is subject to our Privacy Policy and the Cookie Policy. Before submitting your e-mail address, please make sure to acquaint yourself with these documents.

Top stories

What does this man know?

Prosecutor searches for witness in the case of Ján Kuciak and Martina Kušnírová’s murder.

Identikit picture of possible witness in Kuciak murder case.

I am not afraid, I do not work like Kuciak

Sometimes trolls burst into our office and shout at us until we convince them to leave, but they never sue us, says David Crawford from the newsgroup Correctiv who were the first to discover who downed MH17 flight.

David Crewford

Foreigners: Top 10 events in Bratislava Video

Tips for the top 10 events in the capital between September 21 and September 30, plus regular services in different languages, training, temporary exhibitions and highlights of the year.

Kapitulská

The longest highway tunnel in Slovakia is finally bored through Photo

Drivers wont be able to drive through it though until 2022.

Western portal of the Višňové tunnel