November 28, 2021

Beyond Going Long

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Is the financial aid provided by the state to companies sufficient?

Is the financial aid provided by the state to companies sufficient?

Do you think that state financial assistance to companies during the third wave is sufficient?

48% definitely not, if the state restricts work, it should compensate

Stanislaw Kucerk, President of the Slovak-Polish Chamber of Commerce
No movement of people, goods, capital, the super-powerful state, no ideology, no discussion. We already got this here, and we know how it ended…

Sylvia Hall, Tax Partner, Grant Thornton
The state must first act to vaccinate the people. Not only clear communication, but also actions that limit the unvaccinated. Otherwise, we will not get out of this crisis so quickly.

Martin Sultan, General Manager, Dôvera zdravotná poisťovňa, as
The state and its leaders create chaos and division. Error copy. However, the state does not have to compensate everything financially, it will be enough to create a normal and functional environment.

Milan Cudella, managing director of the consulting firm GINALL & ROBINSON, sro
Personally, I do not think that the state aid was sufficient, it was not delivered on time and, most importantly, it was not delivered effectively. Companies that cannot get any help are completely forgotten, but their customers are companies that have received government assistance, for example, to cover only labor costs. Where are there resources to cover other operating costs, so that companies that have benefited from the assistance can pay the suppliers in full without state assistance, such as consulting firms? THIS KIND OF SUPPLIERS UTRPEL STATE AID!

Martin Krištoff, Financial Analyst, HABERL Wealth Management, OCP, as
In our opinion, financial assistance is insufficient and the measures taken to combat the epidemic are difficult to understand.

Milín Kaňuščák, Director, Kami Profit, sro, Bratislava
Long-term restrictions on business without compensation will lead to the liquidation of entire business sectors. These would be irreversible damage to the economy, consequences that we cannot even imagine today. The restructuring has basically started here, and the prospects are unfortunately not very optimistic. Production and services will be less and they will become more expensive.

Daniel Abraham, Group CEO, Effectivity POWERED BY PUBLICIS, Relationship Consulting, SRO, Bratislava
any service? where? Not even close…

Ivan Kochalko, President of Business Alliance in Slovakia
According to the PAS survey, 70% of entrepreneurs consider state aid to be insufficient. How about being inspired by how they do it in other EU countries, and not just there? Entrepreneurs definitely know how to use 30 million. Much more effective than the vaccine lottery.

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Anton Onigo, Managing Director, Btal

Branislav Rentka, CEO, m:zone, sro, Vráble

Drahoslava Kovárová, Managing Director, VerbaLex, sro, Bratislava

Jan Majersky, Managing Director of Proma

Jan Sapol, Member of the General Council of the Association of Entrepreneurs of Slovakia

Jaroslav edivý, CEO and Chairman of the Board, Danfoss Power Solutions, as

Lydia Eckhart, owner of the fashion salon Lydia Eckhart

Martin Simon, Chairman of the Supervisory Board, Dôvera zdravotná poisťovňa

Milos Vesek, General Manager, Dexis Slovakia, sro, Vráble

Pavel Nechala, attorney, Nechala & Co. sro

Peter Shpotak, Chairman of Maista, Bratislava

Stanislav Herreha, Chairman and CEO, Východoslovenská vodárenská spoločnosť

25% I don’t know / I don’t express myself / Other

Miroslava Michalíková, Executive Director of Production
In the current wave of measures and chaos around traffic lights and restrictions, there is no widespread decision either in regions or sectors. To say – too much or too little indicates that we believe in simple solutions. In fact, they do not exist now. in health care, economics, education or in the social environment.

Radz Dola, Country Director for Slovakia, amazingplaces.sk
The state must move from reaction to action. You should stop waiting and hope that the situation will resolve itself. There is a huge amount of resources available, eg a recovery plan, but withdrawal is quite on the horizon. Compensation is only a temporary rescue, and purposeful development projects will be more appropriate.

Branislav Banes, Director General of the Slovak National Museum
The Slovak National Museum received financial compensation for the first half of 2021 in 2021, and we are now eagerly awaiting the second. Economically, the museum is in a very bad position, and has no money, especially for emergencies that it has to deal with. In the event of the arrival of the second compensation – the Museum is able to calm the situation, solve major emergencies and prepare a reserve for the first quarter of 2022, when it will have the least income and the highest cost. Without this help, it will not be easy to prepare for the dangers of the coming year.

Dusan Churek, attorney, Scopla & Co.
I don’t know what the help is, and frankly, I don’t care; Rather, it frightens me a little that the state is so generous with the borrowed money that our children will have to pay back. The best help is when the state distributes as little as possible and does as little damage as possible—fixing taxes, levies, bureaucracy, etc. It helps the state better by doing what it is supposed to do, i.e. by setting reasonable rules (which is more true in a crisis situation than in a “normal” situation) and merely supervising their observance and ensuring that the law is enforced. [viď napr. Nudge (Šťouch), Cass R. Sunstein, Richard Thaler]; The rest is on the initiative of the people. It is expressed in a simple metaphor – the state is a good guardian, but it is bad economics.

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Jean Rouleau, CEO and Chairman of the Board, Prima Banca Slovensko, p
The greatest help will be if politicians allow companies and businessmen to function normally, if they do not throw sticks on their feet and if they do not pass on the duties that should be given to them by the state …

Dennis Fino, CEO of Barney Studio
I don’t want to comment entirely on state support for businesses – I’d prefer to say that seeing support schemes is insignificant, if not nearly non-existent. Ordinary companies do not have to pursue support options, I would appreciate a larger support campaign or information in the national media. This is what I hear all around me.

Martin Urban, General Manager, Jungheinrich
Our community is doing very well despite the ongoing pandemic, so I don’t follow government aid plans very closely. However, I believe that support should be provided exclusively to those companies whose business is limited as a result of the anti-epidemic measures imposed by the state.

Peter Hallas, Managing Director, GAGA Group
The compensatory measures taken by the State against individual entities operating in the economy cannot be separated from the administration of the State and the administration of epidemic measures as such. Unfortunately, the response to the Heger administration is inactive and inconsistent. For all this, it was blown up by B. Kollár and the entire devastated opposition. He personally evaluates state management, including financial assistance from the state, as inadequate and confusing.

Marek Bulik, Project Guarantor, KROS as
Businesses should be able to do this on their own, but only if the state allows them to. If the state imposes significant restrictions, prevents, appears, it must compensate. Therefore, there is a need for assistance in some sectors and I think it is currently insufficient.

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Marcela Tokosova, Director, vd Kovotvar in Kutty
This complete management of the third wave of the pandemic is tragic!

Andreas Kreutz, General Manager, Tailor Made, sro, Bratislava
any service?

Andrej Revay, President of the Slovak Association of Corporate Financiers

Mikulash Gazda, Chairman of the Board of Directors of AGEDY, as Vranov nad Topľou

14% Probably not, Covid mechanism should be linked to first aid scheme

Tomáš Lysina, Partner, Lysina-Roško & Partners
Our law firm deals with various areas of law, which is why we have the opportunity to monitor events in various sectors through our clients. Some are affected more, others less. There are many companies operating in Slovakia that were directly affected by the third wave of the pandemic. However, we see most of the problems in the service and gastronomy sector, where many organizations are currently losing revenue. At the same time, jobs are at risk. So the state should focus especially on the sectors directly at risk of coronary crisis and help where it is most needed, because we see financial assistance as insufficient.

Luboš Vančo, Partner, KPMG Slovensko, sro

Evan Paul, Partner, TPA Audit

Juraj Heger, Director of Vydavateľstvo Slovart, as

Pavel Smetana, Board Member of Universal Brokerage House, Bratislava

Slávka Miklošová, General Manager and Board Member, Komunálna poisťovňa, as, Vienna Insurance Group

9% probably Yes, the country has already helped enough in the first and second waves

Miroslav Ozinas, CEO and Founder, Kvety.sk
I prefer to be on behalf of the government that improves the business environment. I feel covid is the ‘only’ problem we have, but unfortunately it’s not quite right.

Miroslav Konsch, General Manager, IPESOFT spol. Ltd.
We didn’t ask for money, we can maintain positive economic outcomes even during the pandemic.

Tomáš Osuský, General Manager, Hollen, sro, Bratislava
Our company is facing an epidemic with the help of current support from the state and therefore we have laid off only a minimum number of workers.

Gabriela Homolova, Managing Director, Homola, sro, Bratislava
Last year there was no vaccine, help was needed, today anyone can be vaccinated, and it is the state that pays.

4% Definitely yes, companies have to manage the epidemic on their own

Milos Gluznik, Project Manager, ŽSR