Spectator on facebook

Spectator on facebook

Doing business in Georgia is easier than in Slovakia

The country dropped in the latest competitiveness report.

Illustrative stock photo(Source: Sme)

Slovakia has dropped three places in the latest Doing Business report for 2019, published by the World Bank. It currently ranks 42nd out of 190 monitored countries.

Its position could be even worse without its membership of the European Union and strong foreign trade, the Hospodárske Noviny daily reported.

Slovakia received 75.17 points in the ranking, improving its score by 0.29 points compared with the previous year. However, it has been surpassed by the economies that have managed to improve their business environment more significantly, the SITA newswire reported.

Strong and weak points

The country has been falling in the ranking for four years in a row, making it harder for the government to meet its goal to place Slovakia among the 15 most competitive economies up to 2020, Hospodárske Noviny wrote.

Although Slovakia shared its first place in foreign trade, it still lags behind the others when it comes to starting a business. While in Georgia it is possible to establish a company in two days, here it takes 26.5 days, which places the country in 127th position.

Moreover, when it comes to building permissions, the country placed 143rd. The situation here is similar to the one in Tanzania, Hospodárske Noviny wrote.

When it comes to regional comparisons, Slovakia was surpassed by Poland (33rd) and the Czech Republic (35th). Hungary placed 53rd, SITA wrote.

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

Slovaks speak the worst English in central Europe

Seven out of ten job applicants in Slovakia claim to speak English.

Illustrative Stock Photo

Journalists should resist the temptation to tweet

There is still a need for old-fashioned news reporters who just get the facts out there, says Pulitzer Prize-winning journalist Ian Johnson.

Ian Johnson

We refuse Fico's attacks against journalists

More than 480 journalists have signed a statement condemning the most recent verbal attacks of the former prime minister against journalists.

Slovak journalists at one of protest rallies organised in response to the murder of journalist Ján Kuciak and his fiancée.

UPDATED: Police investigate protest organisers over Soros allegations

The National Criminal Agency wants to see the accounts of the protest organisers due to a criminal complaint alleging they are paid by George Soros.