Slovakia Has Exhausted Its Model Based on Cheap Labor, Claims Kmec

Slovakia is currently at a crossroads because its current economic model, which was focused on creating value with cheap labor, has run out. This was stated by Deputy Prime Minister for the Recovery Plan and Knowledge Economy Peter Kmec (Hlas) at a discussion event of the American Chamber of Commerce (AmCham) dedicated to increasing the competitiveness of businesses in Slovakia. "The aforementioned concept has run out, so Slovakia is also in the…