EconomyOther Economy

Zilina Region Asks State for Aid Due to Low Tax Revenues

Zilina, June 28 (TASR) - The region of Zilina is running a crisis regime as of June 28 after seeing its tax revenues for June 2010 fall to a five-year low, Zilina governor Juraj Blanar told reporters on Monday. Zilina region usually earns an average of €4.5 million per month in public taxes. "In June the region received only €550,000, 24.8 percent of the amount for… read more

Ticketing to Stay In Place Until End of January 2011

Bratislava, June 26 (TASR) - Lorry drivers will be allowed to pay for the road-toll with one-off tickets until January 2011, road-toll provider SkyToll spokesperson Lenka Lendacka informed on Saturday. This means that lorries passing through Slovakia only here and then won't need to have electronic on-board units installed. The change is due to the Transport Ministry's… read more

Miklos: EU Guarantee Mechanism No Good Solution, But We\'re Ready to Talk

Bratislava, June 26 (TASR) - The new guarantee mechanism of the European Union, designed to give a helping hand to countries in financial troubles in future, is not a good solution to problems showing up in the eurozone, according to SDKU-DS vice-chair Ivan Miklos (who is rumoured to become the new finance minister, returning to the post after four years in Opposition).… read more

Transport Ministry: Public Procurement Critised by EC Is in Order

Bratislava, June 25 (TASR) - The Transport, Posts and Telecommunications Ministry said on Friday that it rejects criticism levelled by the European Commission, which plans to take Slovakia to the Court of Justice over a public procurement process regarding legal counselling provided to the ministry with respect to highway construction. The Transport Ministry allegedly… read more

Serbia Offers Investment Opportunities to Slovak Firms

Bratislava, June 25 (TASR) - Industrial parks in Slovakia and so-called 'free zones' in Serbia were the main topics of the 3rd annual International Business Forum that took place in Bratislava on Thursday. The forum presented opportunities for Serbian companies expanding into new markets in the European Union, as well as unused opportunities that Serbia is offering to… read more

Klub 500 Praises Labour Code Changes in Government Manifesto

Bratislava, June 25 (TASR) - The best element in the programme theses drawn up by the centre-right parties - SDKU-DS, Freedom and Solidarity (SaS), the Christian Democratic Movement (KDH) and Most-Hid - for businessmen are the proposed measures concerning the Labour Code, Klub 500 executive director Tibor Gregor said on Friday. According to Gregor, it's these very measures… read more

Kia Motors Slovakia Plans to Make 35,000 Kia Sportage SUVs in 2010

Teplicka nad Vahom, June 25 (TASR) - Kia Motors Slovakia plans to produce approximately 35,000 new compact Kia Sportage SUVs after production is launched in Teplicka nad Vahom (Zilina region) on Monday (June 28, 2010), President of Kia Motors Slovakia In-Kyu Bae said at a press conference on Friday. According to him, the new vehicle should strengthen Kia's position in… read more

Danube Wings Opens New Route Between Kosice and Rijeka in Croatia

Bratislava, June 25 (TASR) - Slovak airline Danube Wings on Thursday launched another scheduled route to Croatia, linking Kosice and Rijeka. The airline had previously launched new routes to Split and Zadar on June 19. Danube Wings now offers the following weekly flights to Croatia: to Rijeka from Kosice and Bratislava on Thursdays, and to Zadar and Split from… read more

Centre-right 4 to Strengthen Competition between Network Industries

Bratislava, June 24 (TASR) - The centre-right coalition set to govern after amassing the majority of seats in the parliamentary election on June 12, considers the strengthening of competition in network industries to be important – along with enhancing citizens' protection against monopolies wherever competition cannot be facilitated. "We will depoliticise and increase… read more

Poll: Simplified Tax System Would Be Slovakia\'s Competitive Advantage

Bratislava, June 23 (TASR) - It is the tax system which should become Slovakia's competitive advantage in the struggle for foreign investors, according to a poll carried out by tax consultancy BMB Leitner in co-operation with the American Business Chamber in Slovakia, Slovak-German Trade and Industrial Chamber and Slovak-Austrian Trade Chamber in May and published on Wednesday.… read more

Ryanair Opens New Lines from Bratislava to Italy and Spain

Bratislava, June 23 (TASR) - Irish low-cost carrier Ryanair is opening new lines from Bratislava's M.R. Stefanik Airport. This time it is southern European destinations that were picked, with the first flight to Malaga, Spain dispatched on Wednesday, while the first take-off for Alghero, Italy is scheduled for Thursday. Flights to both Malaga and Alghero are scheduled… read more

Analysts: Cutting Deficit under 5.5 percent of GDP Impossible This Year

Bratislava, June 23 (TASR) - It isn't possible to reach the planned deficit of 5.5 percent of GDP by the end of the year at the current setting of public finance expenditures given the considerable loss in the state incomes, analysts approached by TASR on Wednesday agree. Outgoing Finance Minister Jan Pociatek admitted earlier on the same day that the deficit will reach… read more

State to Help Local Administration to Offset Low Tax Incomes

Bratislava, June 23 (TASR) - The state is likely to have to provide financial support to local councils this year, Finance Minister Jan Pociatek said following a Government session on Wednesday. However, any financial support will be up to the incoming government, as the current Cabinet has been left with no time for such negotiations, he added. Towns and villages… read more

Finance Ministry Raises Deficit Forecast for 2010 to 6.98 percent

Bratislava, June 23 (TASR) - The Finance Ministry on Wednesday raised its forecast for this year's public-finance deficit as a result of what it says are worse-than-expected tax revenues. As part of his outlook, Finance Minister Jan Pociatek forecast an end-of-year public-finance deficit of 6.98 percent, up from last year's 6.8 percent and the ministry's earlier prediction… read more

2009 Public Administration Debt Rose by 8 p.p. to Nearly 36 percent

Bratislava, June 23 (TASR) - Slovakia's public administration debt in 2009 stood at €22.58 billion, or 35.7 percent of GDP, according to the public administration closing account that was approved by the Government on Wednesday. The debt-to-GDP ratio went up by 8.1 percent year-on-year, according to a document drafted by the Finance Ministry. According to the… read more