S&P affirms Slovakia’s credit rating. The international rating agency Standard & Poor’s Ratings Services (S&P) affirmed its A-level long-term sovereign credit rating for Slovakia, while also confirming the short-term A-1 rating. The outlook for the country is stable.

South Korean bank comes to Slovakia. A branch of the South Korean Development Bank launched its operation in Slovakia with ambitions to provide services to businesses as well as retail clients.
Collective shopping firm goes bankrupt. Shopcity.sk, the third biggest collective shopping website in Slovakia, went bankrupt. It ascribed its fall to excessively high-cost and poorly thought-out marketing investments, as well as a mistake in the scheme generating bonus credits for shoppers and the mismanagement of its website.

ÚJD loses suit against Greenpeace. The Nuclear Regulatory Authority (ÚJD) lost its lawsuit against Greenpeace Slovensko. With its verdict the Supreme Court overturned a 2012 decision of the Bratislava Regional Court, and ruled in favour of objections on the part of Greenpeace Slovensko, which has criticised ÚJD’s refusal to allow environmentalists to take part in the permit process. The ÚJD should now assess the environmental impacts of the completion process again, this time with the participation of Greenpeace. The original construction permit for the completion of the two reactor blocks was granted in 1986, but the work on the plant was halted in the early 1990s. Work on the blocks was resumed in 2008 based on a ÚJD decision allowing for changes to the facilities under construction before their final completion that were not covered by the original construction permit. Greenpeace then filed a complaint against the revised permit, but the ÚJD rejected this and confirmed its decision in 2009.

THE YEAR IN BUSINESS

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December