Slovakia's soars six places in WEF's Global Competitiveness Report

By bne IntelliNews September 27, 2017

Slovakia rose six places to 59th place in the World Economic Forum’s 2017-18 Global Competitiveness Report, the fourth year it has climbed the country ranking.

However, the country’s overall score of 4.33, up from 4.28 in 2016-17, still put it only just above Hungary, and left it lagging its neighbours the Czech Republic and Poland, and well below the CEE leader, Estonia, which is in 29th place in the world.

The WEF ranked Slovakia well on macro-economic environment (35th place), financial market development (32nd), and technological readiness (42nd). However, it performed especially poorly on institutions (93), labour market efficiency (87), and innovation (67)

The report said the most problematic factors for doing business were corruption, inefficient bureaucracy, and tax rates.

 

Related Articles

Explosion at Austrian gas hub interrupts supplies to Italy, Hungary and Slovenia

An explosion at the site of Austrian OMV’s Baumgarten natural gas hub has interrupted gas transit to Italy, Slovenia and Hungary, the Austrian government’s electricity and gas markets regulator ... more

CEFC and Penta reported to be bidding together for CME

CEFC, the acquisitive Chinese energy group, and Penta Investments, the closely-held Slovak financial group, are bidding together for Time Warner’s stake in Central European Media Enterprises (CME), ... more

Slovak and Czech oligarchs reportedly interested in buying CME from Time Warner

A group of Slovak and Czech oligarchs are reportedly interested in buying regional media and entertainment company Central European Media Enterprises, the Slovak Spectator reported on November 8. ... more

Dismiss