Slovakia loses 9 positions in WEF competitiveness ranking.

By bne IntelliNews September 8, 2011
Slovakia dropped 9 positions to the 69th place out of 142 countries in the 2011-2012 Global Competitiveness Report, released by the World Economic Forum (WEF). The country was ranked as the fourth least competitive country in the EU. According to the WEF report, the Slovak competitiveness is suffering the most from corruption, inefficient government bureaucracy and restrictive labour regulations. The factors that support the country's competitiveness are its openness to foreign investors, low customs barriers and favourable environment to foreign investors in new technologies. Robert Kicina, president of WEF partner institution Slovak Business Alliance, commented that Slovakias ranking deteriorated for fifth time in a row and the country was loosing its advantage against the other Visegrad Four countries the Czech Republic, Hungary and Poland.

Related Articles

Slovakia one of possible locations for new BMW plant.

German car maker BMW considers building a new plant in eastern Europe and Slovakia is one of the potential locations, Hospodarske Noviny business daily reported citing BMW's board member Ian ... more

Slovakia jobless rate edges down to 14.7% in February 2013.

Slovakia's unemployment rate in February 2013 fell for the first time in six months going down to 14.7% from 14.8% in January when it reached its highest level in more than 8.5 years, data from ... more

Frances CCN Group considers new plant in Slovakia - report.

France-based CCN Group, a supplier of components for turbines and automobiles, considers building a new plant in Slovakia in the town of Belusa, Hospodarske Noviny daily reported citing unnamed ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335
Dismiss