Analysis of performance of the forestry sector in the Czech and Slovak Republics

Abstract

The forestry sector provides several social and economic benefits to the whole economy. It is based on the sustainable management of renewable natural resources and production of raw wood. It is therefore able of sustainable growth. The interest of the European Union is to build economy based on renewable natural resources, resulting in the need to pay increased attention to the development and support of the forestry. The aim of the paper is to evaluate the performance of forestry sector in the Czech and Slovak Republics for a period of five years. System of indicators measuring sectorial performance was set up to reach the goal. Obtained results in indicators have shown that the profitability and value added rate of Slovak and Czech forestry are at a high level and the performance is affected by high investment efficiency.