Investment Climate and Market Structure in the Energy Sector Slovak Republic
Article from: OGEL 5 (2004), in The Energy Charter Treaty
Introduction
After a temporary slowdown of the transition process between 1994 and 1998, the Slovak Republic has made impressive progress towards a full-functioning market economy. The privatisation process has considerably advanced (the share of the private sector in GDP generation stands now at approximately 90 %), the banking sector been reformed, taxes reduced, and the energy market is being restructured. Economic growth is among the highest in CEE countries. The Slovak Republic has become an attractive location for foreign investment. It will become a member of the European Union on 1 May 2004. ...