On 29 June 2020, the national platform for circular economy CIRCULAR SLOVAKIA is expanding on 20 companies. By singing the joint declaration the companies voluntarily commit supporting circular economy in Slovakia and actively contributing to sustainable change. Strategic planning, peer discussions, awareness raising, experience and knowledge exchange as well as other elements will enhance business in circular economy in Slovakia.
Read MoreThen a second question will arise, and that is how the government is willing to support local businesses when they are faced with a crisis beyond their control. I’m not so sure that Slovakia will then stand the test compared to some of its peers. Yes, Slovakia has one of the lowest casualty rates and number of people diagnosed with Covid-19 in Europe. That is thanks to the fact that it reacted rapidly and closed the first schools on 6th March, only 2 days after the first infected patients were confirmed. The country went into a soft lock-down as from 14th March.
Read MoreAdvances in technology can help in all aspects of running a business more effectively. Incorporating technology into today’s ever increasingly complex world and changing global economy is imperative and should be part of your business’ key strategies. Digitisation, artificial intelligence, self-driving cars, robotics – these buzz words are everywhere. Is this really the future, or just more trends that Wall Street and many others are betting on? Is it only reality for the Googles and Apples of our world, or also for Slovakia?
Read MoreThe new law on “guaranteed” electronic invoicing and the central economic system came into force on 1 August this year. For businesses it does not mean any direct change yet, but it starts opening the door for a revolution in the future. It is therefore important to monitor these changes. We’ve selected 9 things, you need to know about “guaranteed” e-invoicing for now, so you can evaluate the impact of the law on your business. The law currently approved is only the transposition of European legislation in Slovak legislative environment.
Read MoreFour years and a couple of months, that’s how long I’ve been in Bratislava. Roughly the duration of WWI. One of my first lectures in Slovakia was about letters Slovak soldiers wrote home during 1914-1918. A box of these letters was found some years ago in a town hall. These letters were blocked by the Military Censor of the Austrian-Hungarian Imperial Army. The letters weren’t easy to read, because they were written in Slovak, using Hungarian grammar. During and after this lecture I realised: I hardly know anything of Czechoslovak history, particularly Slovak. And my home is only 1,000 km away.
Read MoreSlovakia is still recovering from a political crisis and public outrage triggered by the killing of journalist Jan Kuciak in February who had been investigating organised criminal activity and corruption in the country. However, overcoming institutional stagnation and clientelist networks – and the associated business risks – will require political will, something that remains largely absent.
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