Spectator on facebook

Spectator on facebook

Business environment continues to deteriorate, says PAS

THE QUALITY of Slovakia's business environment deteriorated further over the final quarter of 2013, according to the Slovak Business Alliance (PAS).

THE QUALITY of Slovakia's business environment deteriorated further over the final quarter of 2013, according to the Slovak Business Alliance (PAS).

The pace of deterioration eased and was more moderate compared with the previous four quarters. The current value of the business environment index, prepared based on PAS's own survey, is 66.3 points, the SITA newswire reported.

Compared to the third quarter the index posted a drop of 2.72 percent.

Businesses mostly criticise the low enforceability of law, shortcomings in the application of equality before the law and unstable and nontransparent legislation.

The enforceability of the law and the functionality of the courts posted the most significant drop in the evaluation in the last quarter of 2013.

"The rating of this item has been falling for the fourth consecutive quarter, this time by 8.97 percent," PAS commented, as quoted by SITA. Businesspeople thus see no change in this area.

The application of equality before the law was the second worst evaluated item, with a decrease by 7.8 percent. Entrepreneurs do not like particular measures that only apply to some groups of businesses and thus deform the market and do not contribute to improving the business environment as a whole.

Furthermore, businesspeople point to shortcomings in putting existing legislation in practice.

"The massive criticism of the judiciary continues, despite the fact that lawsuit proceedings became slightly shorter in recent years," claimed project manager of PAS Martin Hassler, as quoted by the TASR newswire. Another issue of the judiciary is the unpredictability of court decisions and the lack of quality monitoring of judges' work.

Source: SITA, TASR

Compiled by Michaela Terenzani from press reports.
The Slovak Spectator cannot vouch for the accuracy of the information
presented in its Flash News postings.

Top stories

Product quality laid on the EU table

Concerns over the different quality of same brand products are confirmed, but will anything change soon?

Will shopping in supermarkets soon become a thing of the past?

Foreigners: Events in Bratislava Video

Tips for performances and other events in the capital between July 28 and August 6, including concerts, parties, festivals, classical music, inline skating, exhibitions and more.

Folk Painting Vajnory, Stamp

Education minister fails to explain distribution of EU money

The opposition parties plan to initiate a no-confidence vote, the second against this minister.

Education Minister Peter Plavčan

Foreigners: Events around Slovakia Photo

Tips for performances and other events in the Slovak regions between July 28 and August 6, including an organ festival, a parkour meeting, a music festival, a folklore festival, a historical train ride, and a lot of…

Kenny Garret coems to OpenJazz Fest