Economy, Trade and Investment
Slovakia is a generally recognised market economy whose ability and willingness to pay its liabilities puts it, according to prestigious rating agencies, on a level suitable for investment. According to ratings from the Standard & Poor's rating agency, Slovakia has become a regional leader. The improved ratings have been caused primarily by intensive economic growth, thanks to which Slovak living standards are now moving closer to those of Western Europe. As a result of fi scal reform, Slovakia has been able to lower its public debt and thus avoid burdening future generations. The change gives Slovakia the highest rating of all states in the Visegrad Four regional grouping, which besides Slovakia includes Poland, Hungary, and the Czech Republic. "The upgrade refl ects Slovakia's rapid progress in public sector reform, its strong growth prospects and the prospect of entry into the Eurozone by 2009," said Standard & Poor's credit analysts.
Source: SARIO
Download Foreign Investment and Trade, SARIO Presentation.ppt.
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