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EcoMin presents 34-measure package to improve business environment

The package should save businessmen €44 million on costs.

Economic Minister Peter Žiga (middle) introduced a package to improve the business environment in Slovakia. (Source: TASR)

Not only employees but also employers will have something to look forward to. After Prime Minister Robert Fico introduced a social package of measures designed to allow ordinary people to enjoy Slovakia’s economic growth on May 1, Economy Minister Peter Žiga has now introduced a package of measures to reduce red tape for businessmen and simplify business itself in Slovakia.

“The package includes 34 measures that should reduce costs for businesses by €44 million and will apply to all businessmen,” Economy Minister Peter Ziga (Smer) told a news conference on May 4, as cited by the TASR newswire.

Read also: Read also:Time to splash the cash, says Fico

The measures have been divided into five groups. They concern public administration services, increasing competitiveness, the hire of employees, as well as tax and business support.

Žiga pointed to the fact that the draft measures are a result of a wide consensus between central state administration authorities, institutions and the business sector’s representatives.

“We want these measures to be fast,” said Žiga. “We are not going to make structural changes to any system or any crucial laws. Only 10 measures involve changes in legislation, while the remaining ones are about improvement.”

The first measure is aimed at revising health supervision through occupational health services for employees in both the first and second work categories. Another measure is to increase the so-called super-deduction of expenditure on research and development to 100 percent.

“Today it amounts to 25 percent and a proposal that has been discussed with our partners is that it should equal 100 percent of these expenditures,” said the ministry’s state secretary, Rastislav Chovanec. “Just this particular measure should have a positive impact on the business environment to the amount of €7 million from tax savings.”

The next measure introduces the monitoring of changes in the letters of ownership in the real estate cadastre.

“Citizens and companies should be informed about any changes within the cadastre,” explained Chovanec.

The measures should also make the process of acquiring construction permits more efficient and it will simplify the process of permitting smaller constructions.

The Interior Ministry suggests introducing the possibility of acquiring extracts from the Business Register at integrated service points, which should be promoted more.

The Finance Ministry proposes revising the frequency of submission of reviews of advanced payments from individual and corporate income taxes.

The Environment Ministry suggests reducing red tape for businessmen related to the law on waste.

Žiga stressed that the main goal of these measures is to create a stable environment where businessmen will be able to operate without any useless bureaucracy.

The document will be submitted for an interdepartmental review and some measures will subsequently be discussed by the government and parliament.

“We want to help businessmen in every field,” said Žiga, adding that they are already working on a second package to be introduced during the first quarter of 2018.

The first package should go for inter-departmental review next week.

The business sector does not yet know the details of the package.

Peter Kremský, executive director of the Business Alliance of Slovakia (PAS) welcomes the initiative.

“We do not know exactly what will be included but if is there something that business people have already talked about, the package might help businesses in the reduction of red tape and the administrative burden,” said Kremský as cited by the SITA newswire.

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