EconomyOther Economy

Entrepreneurial Unions: New Gov\'t May Boost Business Environment

Bratislava, June 13 (TASR) - The future governing coalition will be composed of parties that had their election manifestos most favourable to bolstering the entrepreneurial environment in Slovakia, executive director of Slovakia's Business Alliance (PAS) Robert Kicina told TASR on Sunday. "These parties (SDKU-DS, Freedom and Solidarity/SaS, Christian Democrats/KDH and… read more

SOPK Wants Its Ideas Included in Future Cabinet Manifesto

Bratislava, June 13 (TASR) - The Chamber of Commerce and Industry (SOPK) on Sunday urged whatever government will emerge from the June 12 general election to continue to develop Slovakia's infrastructure (road-building projects), as it is key to the socio-economic development. SOPK chairman Peter Mihok further stated that the success of the future government depends… read more

Insurer Report Claims Filed for Damages for Property Harmed by Flooding

Bratislava, June 11 (TASR) - Slovakia's major insurance companies report tens of millions of euros claimed in recent days by their clients in damages for their property destroyed by devastating floods in May and June. German insurer Allianz at its Slovak unit Slovenska Poistovna has so far registered the country's highest number of claims - 22,000 - worth a total of €16… read more

AZZZ Praises Stable Political System as Vital for Investors

Bratislava, June 11 (TASR) - Slovakia has a stable political system and economy with minimum related risks, which will lure in new investors; on the other hand, the amended Labour Code weakens employers' position, said the Federation of Employers' Associations (AZZZ) when assessing the performance of Robert Fico's government. Notwithstanding the current Cabinet negatives,… read more

State Collects 18% Less on Taxes Than Planned as of End of May

Bratislava, June 11 (TASR) - Over the fist five months of this year, the state has collected on taxes 18 percent less than planned, according to state-budget tax revenues data published on Friday. The state's revenues on taxes between January and May stands at €2.96 billion, which represents €629.81 million. The most dramatic drops in revenues were seen in… read more

Tender on D3 Highway Violated the Law and Needs to Be Cancelled

Bratislava, June 10 (TASR) - During the inspection of tender procedures with respect to the construction of the D3 highway section between Strazov and Brodno in Zilina region, the Public Procurement Office (UVO) found a number of violations of the Act on Public Procurement that might have had a significant influence on the tender results. Hence, UVO ordered the National… read more

Ministry Pays Out Close to €1 Million in Aid to Flood Victims

Bratislava, June 10 (TASR) - The Ministry of Labour, Social Affairs and the Family to date has paid out €965,300 in aid to people whose dwellings were ravaged by severe floods recently and the payments may continue, Minister Viera Tomanova told reporters on Thursday. Aid averaging €620 was furnished from the ministry's Humanitarian Fund for 1,558 applicants including… read more

Financial Conclusion of D1 Highway Construction Officially Postponed

Bratislava, June 10 (TASR) - The financial conclusion of the D1 highway construction via the public-private-partnership (PPP) project, originally scheduled for June 11, has been postponed to June 30, Transport Ministry spokesman Stanislav Jurikovic told TASR on Thursday. The whole process has been slowed down by negotiations with the European Commission over environmental… read more

New Terminal Opens at Bratislava Airport

Bratislava, June 9 (TASR) - A new terminal at Bratislava's M.R. Stefanik Airport was officially opened Wednesday by Prime Minister Robert Fico and the facility should see its first airline passengers on Thursday. The terminal will be extended by the old terminal (used from 1970 until now) when its remodelling is completed sometime within the next twelve months and raise… read more

Vazny: Having First PPP Package Stopped After Election Not Likely

Bratislava, June 9 (TASR) - Having the first package of the PPP (public-private-partnership) highway-construction project stopped if a different Government emerges after the June 12 general election is not likely, Transport Minister Lubomir Vazny told journalists on Wednesday. "It's possible but not very probable, because the package in question represents an essential… read more

Slovakia\'s State Aid Rose by 8.4 percent Y-o-Y to €440.27 million in 2009

Bratislava, June 9 (TASR) - Slovakia's state aid for investors in 2009 rose by 8 percent to a total of €440.27 million (including €117.30 million from the European Union) or 0.69 percent of gross domestic product (GDP), the Economy Ministry stated in a report that was approved by the Government on Wednesday. Large annual reductions in aid extended by way of subsidies,… read more

Economy Ministry to Transfer Tourism Section to Culture Ministry

Bratislava, June 9 (TASR) - The Economy Ministry will transfer its tourism section to the Culture Ministry under an inter-ministerial agreement designed to further the EU Operating Programme Competitiveness and Economic Growth Operations, according to a report submitted to the Government on Wednesday. The transfer includes all related powers, 29 staff, €1.12 million… read more

Preliminary Estimate Puts Flood Damage in May and June at €267 mn

Bratislava, June 9 (TASR) - The damage to property caused by the floods that hit Slovakia in May and early June is estimated to total €267.8 million, including €156.8 million and €73 million in the hardest hit regions of Kosice and Nitra, respectively, the Environment Ministry told the Government in a report on Wednesday. The estimates are preliminary, as many flood-affected… read more

Survey: Corruption Now Ranks as Biggest Problem for Businesses

Bratislava, June 8 (TASR) - The four most intense problems in the Slovak business environment are the same as four years ago, according to a Slovak Business Alliance (PAS) survey carried out by analytical unit TREND Analyses as part of the Report on the State of Business Environment in Slovakia. Like four years ago, businessmen see the poor quality of law enforcement,… read more

SkyToll and Q-Free Entangled in Legal Battlle

Bratislava, June 8 (TASR) - A dispute between electronic road-toll system provider SkyToll and Q-free, one of the contractors involved in the project, will end up in court, as Bratislava District Court has registered a damage compensation lawsuit filed between the two companies. The lawsuit was filed on May 11, 2010. "The court is taking initial steps and procedures in… read more