Changes in Business Environment to the Benefit of SMEs Development in Slovakia after the Year 2004

Development of small and medium enterprises is among the priorities of the economic development in Slovakia. The most important development factor is the establishment of a favourable business environment, requiring simplification and a more transparent legislation, reduction of administrative and tax burden, reduction of contribution to funds, strengthening of the supporting infrastructure, as well as an easier access to capital. In the article are presented the main changes in business environment in Slovakia after the year 2004 and are identified main areas of the business environment to be improved to the benefit of further SMEs development in our country.