Financial and socio-economic impacts of nature conservation on forestry in Slovakia

Abstract

The article deals with financial and socio-economic impacts of nature conservation in forest and wood industries of Slovakia. The paper presents costs and losses of state budget, forest enterprises and wood-processing companies caused by restrictions related to Act No. 543/2002 on Nature and Landscape Protection. Total financial impacts were calculated at 26.98 mil. EUR and total socio-economic impacts based on revenues of the wood-processing industry at 167.81 mil. EUR, which means a loss of 2,268 jobs. These financial and socio-economic impacts were partially compensated, the sum of compensations reached 2.79 mil. EUR.