Slovakia: Finance and Banking

Effective 1 March 2024, financial assistance, i.e., the so-called whitewash procedure, is allowed for joint-stock companies, subject to certain conditions.

Capital is a critical component for generating economic output.

In reference to the new Postal Services Act which represents full liberalisation of the postal market, the Postal Regulatory Office published a draft of the new General Permission under which postal services will be provided by all alternative postal services providers.

Over the past 20 years Slovakia has gained extensive experience in privatisation as part of the process of transferring state property into private hands. Slovakia’s privatisation backlog started shortly after the fall of the Iron Curtain, continues to the present day and, apparently, will have to be dealt with for some time to come.