Chovanec: RIA 2020 Strategy to Neaten Legislative Setting for Business

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Economy Ministry State Secretary Rastislav Chovanec. (Stock photo by TASR)

Bratislava, December 1 (TASR) – The Economy Ministry’s RIA 2020 regulatory strategy, due to be dealt with by the Government in January, should arrange more efficiently the legislative framework for business, Economy Ministry State Secretary Rastislav Chovanec said at a seminar at the American Chamber of Commerce (AmCham) in Bratislava on Friday.

“It’s about ensuring that individual ministries and subsequently also the Government have more detailed information on what they’re adopting and how individual bills will affect the business environment, social areas, the environment etc. This should ensure a better grasp of the effects of individual legislation,” said Chovanec.

Apart from relieving the existing regulatory burden for businesses in Slovakia, the document should also outline instruments for the introduction of modern knowledge-based systems on evaluating the effects of legislation that will be introduced in the future.

Slovakia’s Business Alliance (PAS) managing director Peter Kremsky at the event appreciated the strategy, stating that it could tidy up the methodology for creating laws and recording their effects. Nonetheless, an important fact to see will be whether the methodology is going to be binding for everyone or not, he stressed.

According to Kremsky, one neat feature could involve highlighting mandatory changes introduced by individual amendments to existing laws in order to make it easier for everyone to present their comments while the bills are still being discussed.