Nearly 2,500 companies relocated from Slovakia last year

Last year 2,389 companies decided to quit Slovakia and relocate abroad. Most often, these companies went to other countries, namely Hungary, the Czech Republic and Bulgaria. This stems from data on the departure of Slovak companies abroad, which the consulting firm Bisnode published on Monday. The company stated that the reasons for departure abroad could be simpler conditions for doing business, more acceptable legislation, lower taxes, better courts, less corruption, lower payroll costs, or higher demand. "In the long term, Hungary and the Czech Republic are countries where companies from Slovakia choose to relocate most often when they leave.