Sustainability of Business with Earth Sources in V4 Countries

Technical University Košice, Faculty BERG, Letná 9, 040 01 Košice, Slovakia

Abstract

Due to the availability of earth sources there is necessary to provide business sustainability that refers the effort of a company to reduce negative impacts on social, environmental and economic area. This can be search through various indexes that are directly or indirectly influencing effectiveness of any business, not excluding mining industry presenting base of industries in number of countries. The objective of the paper is to evaluate and compare business environment in area of earth sources in V4 countries according Global competitiveness index, Doing Business and Index of business environment with aim to identify obstacles that limit business development. From the results we can evaluate that business with earth sources has number of obstacles that company must overcome with aim that earth sources can be further sold at a favourable price. Business with earth sources in V4 could be improved by permanent development of innovation for increasing of effectiveness in area of mining and processing, as well as better conditions for starting businessmen.