EconomyOther Economy

UNAS Files Two Complaints Against SkyToll

Bratislava, November 18 (TASR) - The Union of Slovak Road Hauliers (UNAS) on Thursday filed two complaints with Bratislava III District Court against the country's electronic road-toll system provider SkyToll, UNAS chairman Jaroslav Polacek said at a press conference on the same day. UNAS is unhappy about SkyToll's "unlawful conduct" when collecting tolls in Slovakia.… read more

Gov\'t Planning Cuts in Salaries of Managers in State-run Companies

Bratislava, November 17 (TASR) - Salaries of managers in state-run companies should be reduced as part of Government's austerity drive, it was announced at the Government session on Wednesday. "The rules of rewarding managers shouldn't concern only 2011, but should resolve this sphere systematically and over the long term," reads a document drawn up by the Finance Ministry.… read more

Nagy: Ministry to Create 1,000 Jobs to Clean Rivers in Eastern Slovakia

Kosice, November 16 (TASR) - The Environment Ministry, in co-operation with the Labour, Social Affairs and the Family Centre, Association of Slovak Towns and Villages (ZMOS) and Slovak Water Management Company (SVP), will create 1,000 jobs in eastern Slovakia to clean rivers affected by the floods earlier this year, Environment Minister Jozsef Nagy (Most-Hid) announced on Tuesday.… read more

Some 450 Italian Companies Reported Operating in Slovakia

Bratislava, November 16 (TASR) - Approximately 450 Italian companies are currently operating in Slovakia, executive vice-president of the Italian-Slovak Chamber of Commerce (TSOK) Michele Bologna told TASR in Bratislava on Tuesday. "The vast majority are associated in our Italian-Slovak Chamber of Commerce, which is a state-private organisation as it also represents the… read more

EIB: Slovakia Able to Pay Its Debts, So It\'s Unlikely to Follow Greece

Bratislava, November 16 (TASR) - According to the European Investment Bank (EIB), contrary to warnings issued by certain Slovak politicians recently there is no sign of Slovakia following in the footsteps of financially-troubled Greece in the years ahead. EIB Vice-President responsible for credit operations in central Europe Anton Rop told TASR that Slovakia needn't fear bad… read more

EU Commissioner: Disparities Between EU Regions Have Narrowed

Bratislava, November 15 (TASR) - Cohesion policy is one of the most successful in the European Union (EU), allowing regional disparities in EU regions to shrink significantly over the past four years, according to EU Commissioner for Regional Policy Johannes Hahn speaking to reporters after meeting V4 officials responsible for regional policies in Bratislava on Monday. "The… read more

FinMin Asks Public for Help in Seeking Savings in Public Expenditures

Bratislava, November 15 (TASR) - The Finance Ministry is calling for suggestions from the public in how not to squander public finances and, by the same token, how to save on public expenditures, according to a statement that the Finance Ministry provided to TASR on Monday. "Public finances represent people's money, so we're interested in receiving suggestions from people… read more

More than €14 million Collected in Road Tolls in October

Bratislava, November 15 (TASR) - More than €14 million was collected via the electronic road-toll system in October, TASR was informed by provider of the system SkyToll on Monday. When it comes to the overall amount of money collected for ten months of its operation (since January 1), €117 million has been garnered so far. According to SkyToll general manager… read more

Miskov Highlights Importance of Austrian Investments in Slovakia

Bratislava, November 14 (TASR) - Austria ranks as the third largest investor in Slovakia, Economy Minister Juraj Miskov (Freedom and Solidarity/SaS) has said at a recent meeting of the Slovak-Austrian Chamber of Commerce. "Austria was previously the second largest investor in Slovakia. It remained among the top three in 2009, but dropped to the third spot. A subsequent… read more

Slovglass Poltar Management on Lookout for New Investor

Poltar, November 12 (TASR) - The management of glass-maker Slovglass Poltar (Banska Bystrica region) has conceded that the company has been experiencing problems due to the global crisis ever since the summer. Sales have been declining, with smaller revenues as a result. Because of this, Slovglass Poltar is looking for a new domestic or foreign investor to bring financial… read more

Analysts: Exports and Investments Spurring on Slovak Economy

Bratislava, November 12 (TASR) - The Slovak economy in the third quarter of 2010 was mainly spurred on by foreign demand and investments, while domestic consumption stood still, most analysts concurred on Friday. According to a quick estimate released by the Statistics Office earlier on Friday, the Slovak economy grew by 3.7 percent year-on-year in the third quarter of… read more

Cabinet Okays €1.3-billion Loan From EIB

Bratislava, November 12 (TASR) - Slovakia is set to draw up to €1.3 billion from the European Investment Bank (EIB) within the co-financing of EU-funded projects after the Government on Friday approved an agreement proposal between the EIB and Slovakia on a framework loan for funding priority projects, TASR learnt on the same day. The loan was earlier given the green… read more

Inflation Slowed Slightly to 1 percent in October

Bratislava, November 12 (TASR) - The prices of goods and services rose by 1 percent year-on-year in October, a figure 0.1 percentage points lower than the one recorded in September, the Statistics Office announced on Friday. Meanwhile, prices remained unchanged month-on-month. The year-on-year rise in prices was mainly due to increases in the prices of alcohol… read more

EIB Offering Slovakia Biggest Loan in Country\'s History

Bratislava, November 11 (TASR) - If approved by Government on Friday, Slovakia will be allowed to draw up to €1.3 billion from the European Investment Bank (EIB) to boost its economy and investment growth, EIB Vice-President Anton Rop told TASR in an interview on Thursday. The loan represents the biggest potential financial injection from EIB in Slovakia's history.… read more

Penta Purchases Majority Stake in Dexia Banka Slovensko

Bratislava, November 11 (TASR) - The Franco-Belgian Dexia bank announced on Thursday that it has reached accord with Slovakia-based investment group Penta concerning the sale of an 88.71-percent stake in its subsidiary Dexia banka Slovensko, TASR learnt later in the day. According to Dexia, the deal forms part of an agreement with the European Commission. The EU's executive… read more