Issues of Slovak Business Environment

Abstract

Slovak economy looks like a forlorn young lady with complicated history and uncertain future. Slovakia, as a small part of big European community, contributes to solving European problems – both politically and financially. This attitude is not a problem. The problem is that we forget that all past major problems of Europe have begun as problems of individual countries in the European Union. The economy of the Slovak Republic is based on small and medium-sized enterprises SME. The role played by SME is irreplaceable, especially in the areas of job creation, balancing regional development and the introduction of innovations into standard business practice. However, long-term problems of small and medium enterprises are not addressed (corruption, lack of law enforcement, bureaucracy, large regional disparities, lack of sup port for emerging businesses. We often create partial solutions just in case of an acute problem, but we do not prepare conceptual solutions to real problems. According to our view, there arises a problem that could have wide-ranging implications. The aim of our paper is to point out the global effects of some unsolved problems. These consequences are presented as two issues - the issue of the business aging and death and issue of the international evaluation of our business environment. Our analysis was focused only on business environment in Slovakia.