Spectator on facebook

Spectator on facebook

What harms Slovakia’s competitiveness?

The country ranks worst in the Visegrad Group region.

Bratislava(Source: SME)

Slovakia’s competitiveness keeps dropping. The latest World Competitiveness Yearbook, published by the IMD World Competitiveness Center, ranks the country at 55th place, down four positions compared to the previous year.

The Swiss-based institute cooperated in preparing the report with the Slovak think-tank F. A. Hayek Foundation.

The biggest challenges the country’s competitiveness ability will face in the following years is the lack of a qualified labour force, the high bureaucratic burden of companies, the upcoming digitisation of companies, high costs in recruiting and dismissing employees, and the absence of reforms in education and public services, the SITA newswire reported.

The worst in the V4

Slovakia received the worst ranking among its Visegrad Group (V4) partners. The Czech Republic reported the best placement, which ranked 29th (down one post). Poland placed 34th (up by four positions), while Hungary is 37th (up by five places).

“We have to remember that Slovakia belonged among highly competitive countries in 2007-2009 (30th place), which we failed to maintain in the following years,” the F. A. Hayek Foundation said, as quoted by SITA.

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

NAKA makes a raid near Bratislava

The special police unit’s crackdown is connected with environmental criminality.

NAKA, illustrative stock photo

The courage to be free lives on

Memories from a Tour of Slovakia.

Football coach Kozák resigns from his position

The most successful and longest-working Slovak coach announced he was leaving the national team of his own free will.

Ján Kozák

How an unlikely community of neighbours was created

You do not make a community with barbecues, Dušan Martinčok claims, adding that it is rather heavy topics and issues that can bring people together.

Dušan Martinčok