Spectator on facebook

Spectator on facebook

Slovakia falls in “Best for Business” list

In the latest chart of 21 countries of eastern Europe and central Asia by the Bloomberg agency, Slovakia placed 13 (tied with Latvia) – falling in its position against previous rankings.

In the latest chart of 21 countries of eastern Europe and central Asia by the Bloomberg agency, Slovakia placed 13 (tied with Latvia) – falling in its position against previous rankings.

The time and cost it takes to start a business is the main reason behind Slovakia’s position, the Hospodárske Noviny economic daily wrote. Experts assessed the best conditions for business, and based the ranking on data of the EU’s Eurostat statistics office and the International Monetary Fund.

Slovakia’s neighbours Hungary, the Czech Republic and Poland (which was evaluated as the best country to start business in the region), placed much better. According to the assessment, “we also profoundly lag behind other states in terms of high costs of labour and material, including energy”, J&T Banka analyst Stanislav Pánis told the daily.

(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.

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

Rules for hiring foreigners are simpler. For exceptions

Despite positive changes, employers still point to some barriers preventing more effective and simpler recruitment of foreign workers.

Some problems with Foreigners’ Police continue.

Slovak healthcare needs thousands of medical workers

Slovak doctors, nurses and midwives are not hesitating in finding better work conditions abroad.

Illustrative Stock Photo

News isn’t negative because journalists are cynical

The problem is caused by the demand side.

What is it like to study at a foreign college? Students explain to high-schoolers

Some Slovak students who study abroad already have work offers.

Students during the workshop