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Browse Profiles > Slovakia > Business Indicators |
| Score | Rank | |
| Standards Compliance Index | 57.50 out of 100 | 17 |
| Business Indicator Index | 9.98 out of 12 | 22 |
Slovakia| Business Indicators |  |
With an overall score of 9.15/12, Slovakia is at standard on the economic, legal, and political indicators that make up our Business Index. Slovakia joined the EU in 2004 and is a market based economy with a strong statist component. A number of State-Owned Enterprises operated in many sectors, including manufacturing, and government investment was generally between 30 and 40 percent of the total in 2006. Slovakia does not impose screening processes on foreign investment, but there are ownership requirements in some sectors. A new program was approved in 2005 to provide incentives to foreign investors based on the geographic location, sector, size, and employment benefits of the investment. The rules governing incentives are judged to be transparent. Slovakia has one of the most advantageous tax environments for corporations among all OECD member countries, according to the U.S. Department of Commerce. Property rights are considered sound and enforced. While its 49th rank out of 180 countries in Transparency International's 2007 Corruption Perception Index is not overly worrisome, it still suggest a significant degree of corruption.
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Business Indicators |
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