EconomyOther Economy

Employers to Be Engaged in Drafting Rules for Surplus Emissions Tax

Bratislava, December 20 (TASR) - Representatives of employers in Slovakia will take part in the process of drafting rules designed to specify which companies will be affected by an 80-percent tax on surplus emission quotas, according to an agreement than was reached at a tripartite session on Monday. The law was approved in Parliament on December 1, but President Ivan… read more

Jobless Rate Fell Again in November- to 12.22 percent

Bratislava, December 20 (TASR) - The number of unemployed people in Slovkia continued to drop in November, by 0.07 percentage points on the month to 12.22 percent, following a contraction of 0.13 percentage points in October, the Labour, Social Affairs and the Family Centre (UPSVaR) announced on Monday. A total of 374,281 job seekers were registered at job centres in… read more

Survey: Most Slovaks Normally Carry Cash of Up to €33

Bratislava, December 19 (TASR) - Most Slovaks (64.2 percent) normally carry cash of up to €33 in their wallets, according to a recent survey carried out by GfK Slovakia agency. Results of the poll have shown that practically every other Slovak (46.1 percent) usually has a cash of up to €20 on them, while 18.1 percent wear €21-33 under normal circumstances. As… read more

President Signs Next Year\'s Budget

Bratislava, December 17 (TASR) - President Ivan Gasparovic signed the state budget for 2011 on Friday, nine days after the law was approved by Parliament (on December 8). The state budget deficit is set to fall from this year's €4.54 billion to €3.81 billion in 2011. Total state revenues will stand at €13.15 billion, while expenditures will reach €16.96 billion.… read more

Prices of All Motor Fules Increases Between December 6-12

Bratislava, December 17 (TASR) - The prices of all motor fuels grew in the week spanning December 6-12, the Statistics Office announced on Friday. The average consumer price of 95-octane petrol rose by 1.34 percent to €1.288 per litre, while that of 98-octane petrol grew by 3.15 percent to €1.472. Diesel prices rose by 1.83 percent to €1.170 per litre, and LPG prices… read more

State to Sell Land to Volkswagen to Enable Creation of 400 New Jobs

Bratislava, December 17 (TASR) - The Slovak Land Fund (SPF) is to sell 6.39 hectares of arable land currently owned by Slovakia to Volkswagen Slovakia for €1.06 million, said Agriculture and Rural Development Minister Zsolt Simon (Most-Hid) on Friday. "On the land, VW is planning to invest in expanding the production capacities of its assembly plant in Martin (Zilina… read more

Total Unemployment in Slovakia 5 Percent Higher Than European Average

Bratislava, December 16 (TASR) - Slovakia is perpetually plagued by long-term unemployment, which reached 9.1 percent in 2Q10 while the average long-term unemployment in the EU countries is only 3.8 percent, according to a market analysis drafted by the Financial Policy Institute (IFP). Also, total unemployment rate in Slovakia belongs among the highest within the EU.… read more

RUZ: Trade Unions Failing to Defend Employee Interests

Bratislava, December 16 (TASR) - The fact that trade unionists walked out of a session of the commission tasked with drawing up a new version of the Labour Code on Thursday only shows that they are failing to represent employees' interests and are pursuing their own policies instead, vice-president of the Republican Union of Employers (RUZ) Jozef Spirko said later in the day.… read more

Figel: PPP Projects Should Only Be Used When EU Money Isn\'t Available

Bratislava, December 16 (TASR) - The first public-private partnership (PPP) package for road construction was supposed to cost around €9 million over 30 years and the third one €8.5 billion, but this isn't how the current Transport Ministry management will do things, said Transport Minister Jan Figel (Christian Democrat/KDH), adding that people must bear responsibility for… read more

Nagy: Slovakia Won\'t Try to Acquire €15 million From Interblue by Court

Bratislava, December 16 (TASR) - Slovakia won't try to obtain an additional payment of €15 million from the notorious carbon-dioxide emission quota deal with the Interblue Group via legal action, Environment Minister Jozsef Nagy (Most-Hid) indicated on Thursday. "We won't take action in commercial-legal terms, as we can't see any rational basis vis-a-vis the money being… read more

EU-Harmonised Inflation Stood at 1 percent in November

Bratislava, December 16 (TASR) - Year-on-year inflation measured according to EU methodology stood at 1 percent in November, TASR learnt from the Statistics Office on Thursday. Meanwhile, the prices of goods and services rose by 0.3 percent on a monthly basis. Average inflation measured over the past 12 months amounted to 0.6 percent in November. This represented… read more

Kia Motors Slovakia Output Grows by More Than Half Y-o-Y

Zilina, December 15 (TASR) – Over the first 11 months of this year, carmaker Kia Motors Slovakia enjoyed growth of more than 50 percent in its output year-on-year, producing 207,400 cars in its Zilina plant, the Korean company reported on Wednesday. Kia spokesman Dusan Dvorak informed at a news conference that in 2010 so far the plant has hired some 100 new employees,… read more

Sulik: Construction Costs for D1 Motorway Will Go Down By Half

Bratislava, December 15 (TASR) - Construction costs for the section of the D1 motorway between Hricovske Podhradie and Dubna Skala (both Zilina region) will be lowered almost by half, Freedom and Solidarity (SaS) chairman Richard Sulik said at a press conference Wednesday. If the third package of the D1 had been carried out via the public-private partnership (PPP) project,… read more

Radicova: Trnava Peugeot Plans to Create 800 New Jobs

Trnava, December 15 (TASR) - Trnava-based automobile producer PSA Peugeot Citroen plans to create 800 new jobs and its suppliers another 200, Prime Minister Iveta Radicova said after her talks with company representatives on Wednesday. "The jobs will be created under new projects and I, for one, am glad that it's Trnava where these projects will take place," said Radicova.… read more

Kanik: Deformity in 2nd Pension Pillar Should Have Been Fixed by Now

Bratislava, December 15 (TASR) - The changes to the second pillar of the pension system introduced by the former Labour Ministry administration under Viera Tomanova (Smer-SD) should have been done away with a long time ago. SDKU-DS MP Ludovit Kanik said at a briefing held on Wednesday. "One of the first moves to take place should have been to get rid of this deformity,"… read more