Project HESO - 2nd Quarter April - June 2004

3rd Quarter JULY - SEPTEMBER 2004 RATING Quality Importance
Measures Ranked by Rating Values
(i.e. Contribution to the Economic and Social Development)
[-300;300] [ -3; 3 ] %
1. Convergence Program of Slovakia for the 2004 -2010 Period (Medium- and Long-Term Economic Policy Objectives of the Slovak Republic) 127,1 1,92 66,2
2. Liberating Investment Rules of Pension Fund Management Companies within Fully-funded Pension Scheme (Lowering Obligatory Limit for Investment on Domestic Capital Market from 50% to 30%, Lowering Minimal Obligatory Rate of Return of Pension Funds, Amendment to the Act on Old Age Pension Savings) 110,2 1,77 62,3
3. Amendment to the Act on Trade Licensing (Cutting Time Limits for the Trade License Registration, for the Income Tax Registration and for the Value Added Tax Registration) 108,6 2,23 48,7
4. Parliament Resolution Requiring Slovak Government to Disclose Investment Agreements with Kia-Hyundai and PSA Peugeot Citroën, as well as other Investment and Privatisation Contracts since 2001 pursuant to the Act on Free Access to Information 103,0 2,03 50,7
5. Amendment to the Act on Municipalities (Adjustment of Internal Inspection within Municipalities and Higher Territorial Units, Allowing Entrance of Public into Legislative Process of Local Governments) 100,2 1,87 53,7
6. Draft Act on Student Loans (Payment of Tuition Introduced, State-Regulated Student Loans, More Social Scholarship Recipients, Abolishing Salary Grades for Remuneration of Teachers and Raising their Salaries, Equal Rights for Private and Public Universities) 93,2 1,39 67,2
7. Constitutional Act on Conflict of Interests (Notification Duty, Including Property Return, so-called After-Employement Restrictions, Stricter Sanctions, Enforcing Law on Self-Government as well) 86,1 1,55 55,7
8. Optimising Judicial System of the Slovak Republic (New Three-Grade Framework, 10 County Courts Abolished, 8 Regional Courts Kept, Paperwork Moved to Courts of the First-Degree, Specialised Courts Established; Act on Seats and Districts of Courts) 77,7 1,57 49,5
9. Transformation of the State Enterprise Slovak Post into State Owned Joint-Stock Company (Untying Rules for Property Handling, Creation of New Business Activities Enabled, Definition of so-called Priority Capital Property - always State-Owned Property) 60,6 1,60 37,9
10. New Act on Value Added Tax (Harmonisation with EU Law, Range of VAT Payers Enlarged) 57,9 1,05 54,9
11. Act on Mediation (Performance of Mediation Formalised) 52,6 1,55 33,9
12. Amendment to the Act on Municipal Charges (Abolishing Municipal Charges for Alcohol and Tobacco Products, Admission, Advertising, Accommodation Capacity) 52,0 1,29 40,3
13. Act on Pain Compensation and Compensation of Social Consequences of Disability (Higher Compensation and its Automatic Valorisation, Maximal Compensation of SKK 3.1m Introduced, Compensation Raising by Court Restricted to at most 50% above Legal Limit) 44,2 1,49 29,7
14. Constitutional Act on the Co-operation between National Council of the Slovak Republic (Parliament) and Government of Slovak Republic in European Union Affairs (Restricted Mandate of Government Members at the Meetings of Council of the EU, Binding Position of the Parliament) 37,8 0,81 46,6
15. Proposal to Take Over the Balance of Cancelled Bearer Saving Books from Commercial Banks to the State from the year 2007, Forfeiture of Saving Books in favour of State from the 2012 instead of their Forfeiture in favour of Banks from the 2007 20,1 0,80 25,3
16. Reduction of Interest Rates by the National Bank of Slovakia (Two Times by 0.5 Percentage Points) and Direct Interventions against SKK Exchange Rate Appreciation 14,4 0,26 54,6
17. Act on the Pay of European Parliament Members (Seting-up Salary at SKK 86 200 - Twice the Salary of the Member of the Slovak Parliament) 11,5 0,66 17,4
18. Proposal to Freeze Salaries of the Certain Constitutional Officials (at the Same Level as in the years 2002 and 2003) 3,7 0,14 25,9
19. Act on Substitute Alimony (Reinstatement of the State Paid Substitute Alimony) -4,4 -0,15 30,0
   
 
 
 
  RATING of the 2nd QUARTER 2004 (passed measures) 57,7    
  RATING of the 1st QUARTER 2004 (passed measures) 41,6    
Measures of EU
1. New EU Directive on Investment Services (Allowing Providing Services EU-Wide on the Basis of Approval in Home Country, Minimal Qualification Standards for National Financial Market Supervisory Authorities, Stricter Rules to Provide Investment Services, Allowing Securities Trading Outside the Stock Exchange) 89,9 1,81 49,7
2. EU Directive on the Eforcement of Industrial and Intellectual Property Rigths (Bolstering Fight against those Breaking Copyright Law and against Pirate and Counterfeit Goods and Services) 61,1 1,44 43,1
3. Proposal for Directive on the Patentability of Computer-Implemented Inventions (Simplified Pateting, 20 Years Validity Period) 26,2 0,71 36,9
4. European Commission Measures to Match Supply and Demand for Translation Services (Extent of Translated Texts Restricted, Making Translation Services more Efficient) 15,9 0,88 18,1
5. Authorisation of European Commission for Import of Genetically Modified Maize 13,0 0,36 36,4
6. EC Proposal for Implementing the Principle of Equal Treatment Between both Genders in the Access to Goods and Services (e.g. Insurance Services) -17,9 -0,44 40,3

Slovak Experts' Committee

SITA News Agency Inc.
Economic News SUMMARY, August 18th, 2004
BRATISLAVA, August 18, 2004 (SITA)

Slovakia Convergence Program Rated Best within HESO Project
Slovakia Convergence Program for the years 2004-2010 was the most positively evaluated document over the second quarter of 2004 within the Rating of Economic and Social Measures (HESO) project, based on a business community survey. The program sets the medium- and long-term aims of the economic policy of the Slovak Republic. The convergence program improves economic conditions and measures of the government's economic policy and is a contribution to the quality of public finance management, informed HESO project coordinator Dusan Zachar. The program binds Slovakia to tighter fiscal policy regarding its struggle to meet the Maastrich criteria that Slovakia obliged itself to meet in the accession treaty with the European Union.