Foreign investors are increasingly withdrawing from Slovakia, while those who remain are only sustaining existing operations, the Industrial Unions and Transport Association warned at its conference in Bratislava, noting that changes are needed in terms of how the state is governed.
Association President Alexej Beljajev said Slovakia risks losing contracts within three years, threatening jobs, industry and the state budget. He stressed that economic growth must resume to stabilize debt and restore investor confidence.
Beljajev called for scrapping the transaction tax, lowering corporate and personal income taxes, cutting social contribution ceilings, and making energy prices competitive. He also urged investment in renewables, reform of waste management, programs to reverse brain drain and bring back those who are now studying or working abroad.
He criticized unaffordable social measures such as the 13th pensions, free trains, and free lunches, arguing that they cannot be sustained at the current growth rate.
Source: TASR
