In recent years, a decline in competitiveness and in the quality of the business environment measurements has been reflected in the Slovak Republic, as noted, for example, in the assessments of the World Bank and the World Economic Forum, as well as in the business environment index (BEI from Business Alliance of Slovakia PAS), data from which we have used in our research. A multiple regression analysis along with the correlation analysis confirmed our assumption that in the Slovak Republic a state of institutional hysteresis exists. The hysteresis effect indicates rigidity despite the economic recovery, not restoring the original balance after a certain failure in the economic process. In our case, many external environment subindeces tend to decline while macroeconomic variables (employment, value added, R&D expenditures, revenues from corporate taxes) grow. On the other hand, the internal factors of a company, through which it itself affects the environment, such as the level of liquidity or innovation, is growing. We conclude that the companies we examined have adapted. The process of improving the assessment of the country (corruption, law enforcement, equality before the law, functioning of the judiciary) will become much more expensive over time. The result of this change should be an entrepreneurial environment in which the entrepreneur does not have to deal with the ongoing optimization of taxes and levies, a condition which in the long run would lead to the economic recovery in the Slovak Republic and to improvements in competitiveness.

The aim of the paper was to study the process of tertiarisation of the Slovak economy during the period between 1995 and 2009 and to analyse the relations of services with the rest of productive activities. The empirical study conducted in this work is based on the data from the WIOD symmetric input-output tables. The main trends of the structural transformation of Slovak productive system in analysed period was that services (mostly business services) increased their share (in term of value added) within the whole economy and the overall degree of tertiarisation rose. Domestic services not only increased their capacity to encourage their own production but intensified their relations with the rest of the economic activities.

The Endogenous growth theory assumes that the economy automatically benefits from its investments in to the knowledge. The knowledge is the public ware that can be used by the Entire economy. It leads to the innovation and the economic growth. The entrepreneurship has the main role in the successful process of the commercialization of the knowledge. The aim of this article is to present the situation of this process in the enterprises in the Slovak Republic.

The article presents the complementary currency systems as an element of the social innovation in the entrepreneurship. It offers solution for the present economic problems created by the influence of the economic crisis. The important factors are high unemployment rate and exclusion of the marginalized social groups. The evaluation of the complementary currency systems and confrontation with the empirical studies of foreign and domestic authors presents the knowledge that the local currency systems especially in the time of economic crisis have an important contribution for all interested groups -entrepreneurship sector, public sector and private sector in the local economy.