2017: Restructuring changes take effect

None of the legislative changes introduced in 2017 are as far-reaching, in practice and in expectations, but the government has neverthe­less passed a number of changes that are set to significantly influence businesses in Slovakia.

Illustrative stock photoIllustrative stock photo (Source: TASR)

Justice Minister Lucia Žitňanská intro­duced the key measure of her term, the anti-shell law, in her first year in office under the third government of Robert Fico. None of the legislative changes introduced in 2017 are as far-reaching, in practice and in expectations, but the government has neverthe­less passed a number of changes that are set to significantly influence businesses in Slovakia.

SkryťRemove ad
Article continues after video advertisement
SkryťRemove ad
Article continues after video advertisement

New rules for distrainment, including personal distrainment, and major restructuring rules, are among the changes that became effec­tive in 2017. Another measure, anchored in the amendment to the Business Code, is expected to prevent the malicious fusions of companies and introduces rules against using strawmen.

Moreover, the government has introduced a set of 34 measures, the so-called Business Package, through which the Economy Ministry pledges to improve the country’s standing in the Doing Business ranking and decrease the bureaucratic burden on businesses.

34 measures

Economy Minister Peter Žiga pledged the 34 measures would apply to all businesses and should help reduce their costs by €44 million. The measures concern public administration services, increasing competitiveness, hiring em­ployees, as well as tax and business support.

The rest of this article is premium content at Spectator.sk
Subscribe now for full access

I already have subscription - Sign in

Subscription provides you with:
  • Immediate access to all locked articles (premium content) on Spectator.sk
  • Special weekly news summary + an audio recording with a weekly news summary to listen to at your convenience (received on a weekly basis directly to your e-mail)
  • PDF version of the latest issue of our newspaper, The Slovak Spectator, emailed directly to you
  • Access to all premium content on Sme.sk and Korzar.sk

Top stories

News digest: Slovakia marks anniversary of Warsaw Pact invasion

Fire consumes vineyards in Bratislava, another tanker with LNG for Slovakia arrives in Croatia and the President's Office wants to lead by example by cutting its energy consumption.


16 h
The photo Bare-chested Man in Front of the Occupier’s Tank is exhibited almost at the same place as where it was taken.

Post-wedding bliss of the author behind the bare-chested man photo lasted only three days

Exhibition of Ladislav Bielik's photos from 1968 shows life in Bratislava before and after the invasion.


18. aug
Lake Kuchajda in Bratislava.

Weekend: At a big party, Vietnamese community will share their culture with Bratislava

A steam train ride, Pride Košice and other tips for this weekend.


19 h
SkryťClose ad