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RUZ: Business Environment in Slovakia Exacerbates
Thursday 04 February 2010 Zoom in | Print page
Bratislava, February 4 (TASR) - Business conditions in Slovakia have taken a sharp turn for the worse due to dysfunctional anti-crisis policies, low-quality legislation and limited social dialogue, said Republican Union of Employers (RUZ) President Marian Jusko on Thursday.
According to Jusko (former governor of the Slovak National Bank/NBS), the economy's consolidation is being hampered by the growth of the public debt and overall deterioration of public finances.
Increasing insecurities, reduced accessibility to credit, rising insolvency and bankruptcies have significantly exacerbated the problems facing the business community and unsettled domestic as well as foreign investors alike. According to RUZ records, more than 3,000 enterprises went out of business in 2009 alone. The employers also point to corruption and the ineffectiveness of the courts in terms of successful plaintiffs seeking redress.
Jusko considers the social dialogue within the tripartite (government, unions and business) framework to be quite important. In its current form, however, he views the social dialogue as inadequate. He explained that there have been proposals submitted to the Parliament that employers had minimal time to go over and formulate a stance on. As an example, Jusko pointed out to the state administration budget proposal for 2010-2012 that the employers had three hours to study.
RUZ also criticise the efficiency of the anti-crisis measures introduced in Slovakia. According to RUZ's Index of Anti-Crisis Measures Efficiency, Slovakia is among the least successful countries within the EU in tackling the crisis.
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