Slovakia falls by three places in business conditions ranking

Slovakia finished 38^th in the latest global 'Superindex PAS' ranking of countries that looks at the conditions in which businesses operate, TASR learnt from Slovak Business Alliance executive director Peter Kremský on Wednesday. Despite a slight annual increase in Slovakia's latest tally - by 0.12 points to 78.4 points - the country's position worsened by three places when compared to the index compiled last year. The country finished right behind Romania, Macedonia, Portugal and Spain and continues to lag behind the best-ranked countries in terms of the business environment. For the eighth year in a row, Singapore took the first spot, followed by Hong Kong and New Zealand. In fourth and fifth places, respectively, Switzerland and Sweden fared best among European countries.