Assessment of the Economic Situation of Post-socialist EU Countries

Dagmar Petrušová – Alexander Dubček University in Trenčín, Faculty of Social and Economic Relations, Študentská 3, 91150
Trenčín, Slovakia

Katarína Kráľová – Alexander Dubček University in Trenčín, Faculty of Social and Economic Relations, Študentská 3, 91150
Trenčín, Slovakia

Jana Sochuľáková – Alexander Dubček University in Trenčín, Faculty of Social and Economic Relations, Študentská 3, 91150
Trenčín, Slovakia

Abstract: The economic development of Slovakia, as well as other former socialist countries, was largely marked by the transition from a centrally planned economy to a market economy. This process was long and difficult. Post-socialist countries were forced to adopt a broad complex of political, social, economic and institutional reforms that made the business environ­ment in the country more attractive and strengthened economic growth. This process of transformation continues and despite progress there is room for further improvement even in the most developed post-socialist coun­tries. In addition, the economy of individual countries, as well as the world economy, is currently significantly affected by the ongoing pandemic, and it has also been negatively affected by the war conflict in Ukraine and the emerging energy crisis.

In the article, we will focus on evaluating and comparing the development and economic situation of former socialist countries that have since become members of the European Union. Based on selected macroeconomic indica­tors, we will assess the level of the economy of individual countries. Subse­quently, we will use the ranking method and compile and evaluate the rank­ing of the analyzed countries.

6th International Scientific Conference on Recent Advances in Information Technology, Tourism, Economics, Management and Agriculture – ITEMA 2022 – Conference Proceedings, Hybrid (University of Maribor, Slovenia), October 27, 2022

ITEMA Conference Proceedings published by: Association of Economists and Managers of the Balkans – Belgrade, Serbia

ITEMA conference partners: Faculty of Economics and Business, University of Maribor, Slovenia; Faculty of Organization and Informatics, University of Zagreb, Varaždin; Faculty of Geography, University of Belgrade, Serbia; Institute of Marketing, Poznan University of Economics and Business, Poland; Faculty of Agriculture, Banat’s University of Agricultural Sciences and Veterinary Medicine ”King Michael I of Romania”, Romania

ITEMA Conference 2022 Conference Proceedings: ISBN 978-86-80194-63-9, ISSN 2683-5991, DOI: https://doi.org/10.31410/ITEMA.2022

Creative Commons Non Commercial CC BY-NC: This article is distributed under the terms of the Creative Commons Attribution-Non-Commercial 4.0 License (https://creativecommons.org/licenses/by-nc/4.0/) which permits non-commercial use, reproduction and distribution of the work without further permission. 

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