ABSTRACT

The Visegrad group was founded in 1991 for the purpose of supporting the process of transforming economies, as well as the European integration process. In addition to the transition to market economy, gradual legislative and economic development also lead to changes in the business environment. Certain differentiations were also introduced when the states joined the European Union and by the adoption of the European currency in Slovakia. These factors had an impact on the subsequent development of the economic environment in these countries. The goal of this paper is to compare economic characteristics of individual states of the Visegrad group and determine the probable impact on the business environment.