The Business Alliance of Slovakia (PAS), a lobbying group representing businesses, has stated in a press release that the business environment in the country worsened in the third quarter of 2012. The current value of its Business Environment Index, calculated based on PAS surveys, stands at 79.1 points. It declined by 3.73 percent compared to the previous quarter.
Behind the deterioration lay impending increases in taxes and levies, and changes in the Labour Code: the evaluation of legislation concerning taxes, fees and investments declined by a record 11.1 percent against the previous quarter to stand at 77.3 points. Other items that declined in the third quarter included the law enforcement rate, the functioning of the justice system, the effectiveness of the state’s economic management and the availability of state aid, as well as equality before the law.
The only items that recorded improvement were those concerning businesses’ own operations; out of 33 assessed items, 6 were positive, according to PAS: information openness by companies; their stance towards the environment; handling of business partners; systems of management and human resources management; levels of technology, and quality of production.
Source: Business Alliance of Slovakia
Compiled by Zuzana Vilikovská from press reports
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