Slovakia has won a major investment from U.S. company Honeywell International, which has been pondering over the location of its new investment in Central Europe comprising a turbocharger production plant. The project should generate some 446 jobs for the region and cost the company around EUR 38 million. The company has finally decided on a location [...]
Despite protests from companies organisation Klub 500 and others, and a presidential veto, the government stubbornly pushed through its revised Income Tax Act today in a specially convened parliamentary session. Now many companies will have an 80% tax slapped on income from sales of emission allowances in 2011 and 2012, as the current government feels [...]
On Friday, minister of agriculture Zsolt Simon announced the sale of almost 6.5 hectares of land to the Volkswagen concern for land near the town of Martin. The land will be sold to the concern by the Slovak Land Fund (SPF) for a price tag of EUR 1.06 million (EUR 16.60/m2). The car plant plans [...]
Unemployment in Slovakia dropped slightly again month-on-month in November by 0.07% to end at 12.22%, according to the labour office statement today. This means some 374,281 people are out of work in Slovakia, while most of them are immediately available to start work (328,345). Yet with all the planned layoffs in the public sector, the [...]
Publishing house Ringier Axel Springer Media AG has taken over a 70% stake in the information web portal Azet.sk. The portal has been operating several websites since 1997 and is in eighth place in Deloitte’s ranking of fastest growing technological companies in Central Europe, while taking top spot in Slovakia, reaching something over 75% of [...]
A special government sessions has been convened this week to overthrow the veto of President Ivan Gasparovic concerning the revised Income Tax Act, which has a strong impact on next year’s budget. Parliamentary chairman Richard Sulik called the session for 21 December after the President put forward his opinion at the last minute. Sulik is [...]
The upturned pyramid building of Slovak Radio and the surrounding area had to be evacuated on Sunday after a bomb scare made by an anonymous caller. The bomb squad of the police searched the building but found nothing, and so declared the call a hoax. Similar false alarms were dealt with recently at Bratislava Airport, [...]
The Hayek affair concerning accusations of crony practices of state secretary for the Ministry of Economy, Martin Chren, and former state secretary for the Ministry of Transport, Ivan Svejna, has been put to rest by the Supreme Audit Office (NKU). The authority has now finished its investigation into the case, which concerned contracts between Hayek [...]
Chairman of opposition party Smer-SD, Robert Fico, has now announced that his party might call for a no-confidence vote in interior minister Daniel Lipsic. Ironically, Fico and his party would do this based on accusations that Lipsic unduly pressurised the investigator in the case of possible parallel financing of Fico’s Smer-Sd party, involving a recording [...]
Gun incidents and shootings are becoming a daily occurrence in Slovakia it seems, and even police officers are sometimes at the heart of it. A 33-yr old off-duty policeman fired his service issue handgun at a man in Bratislava at the weekend, after the local resident had asked him not to park in the middle [...]
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