Slovakia has received its part of the bill to help clean up Ireland’s economy. As part of the European Financial Stability Fund (EFSF) mechanism, Slovakia agreed to participate in the loan for Ireland, and so now will have to find EUR 180 million to help the Emerald Isle recuperate. The figure was quoted at a [...]
The European Commission has stated that it expects the Slovak economy to be one of the fastest growing in the EU for this year, increasing the forecast of GDP growth in Slovakia from 2.7% in the spring to 4.1% now, which would put it second only to Sweden (4.8%) in terms of growth. Overall, though, [...]
The parliamentary session that starts today, 30 November, will deal with some hot issues, including the final shape of the 2011 state budget. In the budget the government projects with a public finance deficit of EUR 3.8 billion, based on receipts of EUR 13.1 billion and expenditures of EUR 16.9 billion. MPs will firstly discuss [...]
Gas storage facility operator Nafta is set to start the second stage of its project to extend the capacity of its gas storage reservoir in Gajary-baden. The project will cost the company some EUR 166 million and should see the capacity of its storage facility increase from 2.2 billion m3 to 2.3 billion m3. In subsequent [...]
After 4 years of almost the same price, it now looks like gas prices for households will go up from the New Year. This comes after the national regulatory authority URSO decided to set prices by itself, even though it rejected several proposals of gas utility SPP this year already. Head of the regulator, Jozef [...]
The market of mobile phone operators is changing as small alternative operators start to realise the potential open to them. At present Slovakia already has five alternative mobile operators operating on the networks of the top 3 mobile phone operators T-Mobile, Orange, and Telefónica O2. It was electronics retail Nay that started the trend, offering people [...]
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