EconomyOtherEconomy

HZDS Signs Agreement Concerning Non-Banking Instutitions

Bratislava, May 4 (TASR) - LS-HZDS chairman Vladimir Meciar and Stefan Jagercik, who represents people cheated out of their savings by non-banking financial institutions that went bust in 2002, signed an agreement on mutual support on Tuesday. "Even though no compensation has been approved under the current Government, we have pledged to promote at least partial compensation… read more

Coalition Parties Want to Unify Collection of Taxes and Deductions

Bratislava, May 4 (TASR) - Not only Smer-SD but also its coalition partners LS-HZDS and the Slovak National Party (SNS) concur that the collection of taxes, deductions and tariffs needs to be unified under a single system, LS-HZDS vice-chair Jozef Habanik said on Tuesday. "The savings that such a system would bring could be translated into alleviating employers' deduction… read more

Fico to Talk to Social Partners and Banks Before Leaving for EU Summit

Bratislava, May 4 (TASR) - Before Prime Minister Robert Fico leaves for the upcoming extraordinary EU summit in Brussels, summoned primarily to seek solutions to Greece's financial troubles, he wants to meet his Government's social partners (the Unions and employers' organisations), as well as representatives of Slovakia's banking sector and the Slovak Central Bank in order… read more

JAC Motors in Talks With Slovakia About Investment

Bratislava, May 4 (TASR) - Another foreign-owned car-maker is looking to invest in Slovakia, with Chinese company JAC Motors declaring interest in building a factory in the country during the EXPO Shanghai 2010 exhibition in China. JAC Motors regional director David Wang confirmed that he is in talks with Slovak officials about terms and conditions. He said that… read more

SNS Against Providing Loan to Greece, Calls for Debate in Parliament

Bratislava, May 4 (TASR) - The Slovak National Party (SNS) is against Slovakia providing any kind of financial assistance to Greece, said SNS representatives at a press conference on Tuesday, demanding that Parliament should debate the issue before providing any money. According to SNS, the debt crisis isn't only a crisis of the Greece economy, but demonstrates the failure… read more

Labour Ministry Still Waiting for EC\'s Social Enterprises Assessment

Bratislava, May 4 (TASR) - After almost seven weeks of waiting, the Slovak Labour Ministry has still not received the official Slovak version of the results of a European Commission inspection into the country's so-called social enterprises. "We haven't received it yet," said ministry spokesman Michal Stuska. The ministry received the draft in the English language on… read more

SDKU: Fico Shouldn\'t Help Greece Without Parliament\'s Approval

Bratislava, May 4 (TASR) - Opposition party SDKU-DS on Tuesday called on Prime Minister Robert Fico not to accept commitments to Greece until they are debated by the Slovak Parliament. "We're calling on the prime minister not to accept any commitments. Parliament reserves the right to discuss and approve Slovakia's statement on the proposal for financial assistance for… read more

Analysts: Specialisation in Car Industry Involves Benefits and Drawbacks

Bratislava, May 4 (TASR) - Slovakia's economy is focused on a very narrow production range dominated by automotive and mechanical engineering, but this has at least as many positives as negatives, TASR has learnt in interviews with analysts. "For a small open economy such as Slovakia, a specialisation is more of a benefit. But the assembly of parts in line production… read more

Analyst: Propects for Slovak Economy Are Quite Optimistic

Kosice, May 4 (TASR) - The prospects of the Slovak economy for next two years are relatively optimistic, especially thanks to multiplying hints of recovery coming from overseas as well as from the eurozone, said Volksbank Slovensko analyst Vladimir Vano on Tuesday. Vano was speaking at a business breakfast in Kosice organised by the American Trade Chamber (AMCHAM) for… read more

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