Slovakian Business Environment Let Down By Economic Risk

Slovakia's overall business environment can be considered neutral in a regional context, thanks largely to a high level of perceived economic risk. There is little upside potential in the country's oil and gas market, even though the process of deregulation is advanced and a reasonable competitive landscape exists. Slovakia's reserves-to-production ratio (RPR) may be above the regional average, but absolute volumes are small and unlikely to attract IOC cash. Hungary's MOL owns the biggest national oil company, but there is IOC involvement in fuels distribution, while downstream gas interests are in the control of German utility

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