Slovakia Business Environment

Introduction Slovakia has recently taken significant steps to improve its business environment, and companies such as BASF Chemical, which has decided to move some of its administrative offices from Vienna and Prague to Bratislava to take advantage of lower costs, have taken notice. But the Czech Republic remains the more competitive country, and it even has plans to lower its tax rate to further strengthen its position. Body Sound macroeconomic policy, assertive product, capital and …

…dynamic enterprise creation and competition. The major deficiencies relate to accountability problems in the legal system, still wide spread corruption, and some remaining regulatory issues. In addition, the education system is not sufficiently preparing Slovakia's youth, and low-qualification adults, for the modern business environment and substantial reforms are needed in the primary, secondary, tertiary, and life-long education systems. References: http://www.fifoost.org/slowakei/EU_SLovakia_2002/node51.php www.spectacularslovakia.sk/ss2001/tax_environment.html