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Slovaks are conservative and thrifty savers The way Slovaks plan for the future is changing DESPITE low interest rates and low incomes, some Slovaks still make an effort to save for the future, with most preferring traditional checking and savings accounts. 15 Dec 2014 The Slovak Spectator
Insurers keeping up with fraudsters As methods change, so, too, do the countermeasures FRAUD has always been a concern for insurance companies, but fraudsters are developing ever more sophisticated schemes; insurance companies, meanwhile, are responding with more effective countermeasures. 15 Dec 2014 The Slovak Spectator
More floods mean more insurance THE IMPACT of torrential rain, thunderstorms, lightning, hail, landslides and floods caused millions of euros in damage in Slovakia this year, and with signs that climate change is creating less predictable global weather patterns, flood insurance is an increasingly necessary investment for many homeowners and businesses. 15 Dec 2014 The Slovak Spectator
New guidelines in place for lenders Central bank seeks to rein in rapid growth in mortgages MORTGAGES should not go to just anybody who asks for one, the National Bank of Slovakia (NBS) has warned in reaction to a significant increase in the number of loans given out. Growth is not always a good indicator, as the central bank sees a risk that increased competition on the lending market has led to an easing of credit standards – leading to a new set of recommendations to lenders. 15 Dec 2014 The Slovak Spectator
Old-school investment still paying off Despite decrease in state premium, housing construction savings remain popular HOUSING construction savings accounts, once heavily incentivised by the state, remain popular. While the tax benefits offered by the government have fallen, interest rates remain considerably higher than those offered by basic savings accounts. 15 Dec 2014 The Slovak Spectator
Seniors lack financial literacy Amid changing habits, race is on to educate elderly SLOVAKS do not excel at financial literacy generally, but seniors and pensioners are particularly vulnerable. 15 Dec 2014 The Slovak Spectator
ATMs here to stay Machines need to adapt to new trends AUTOMATIC teller machines (ATMs) are nothing new, but they too are being forced to change with the times. 15 Dec 2014 The Slovak Spectator
Corporate loans on the rise Economic growth fuels desire to expand businesses AFTER a two-year decline, banks in Slovakia are reporting an increased demand for corporate loans. While low business confidence accounted for much of the lull, analysts cite a return to investing in growth as the engine of the more recent revival. 15 Dec 2014 The Slovak Spectator
Slovaks consolidate loans Banks compete with one another for bigger market share LOAN consolidations are being propelled by record low interest rates, leading to increased competition among banks for retail clients. 15 Dec 2014 The Slovak Spectator
Banking moves online Another step will be smartphones CHANGING technology has a strong impact on all economic sectors, but perhaps none more so than on banking. Even as banks adapt, there are still more prospects for a shift towards virtual banking, with smartphones likely playing a key role. 15 Dec 2014 The Slovak Spectator
Second pillar to start paying out Investors in private pension schemes to get first returns IN LESS than one month all people who have reached, or who are are going to reach, 62 years before the beginning of next year and saved money in the so-called second pillar can begin drawing money from their private pension savings for the first time. Though the first payments will be in just tens of euros because of the short saving time, around 3,000 new retirees can look forward to at least a slight increase in their old-age income, as compared to just the state system. 15 Dec 2014 The Slovak Spectator
Mobile payment breakthrough coming Slovaks are getting used to contactless paying via mobiles IN RECENT years, banks and mobile operators have brought lots of new technologies and improvements for contactless mobile payments. Although these kinds of payments still account for just a small portion of all payments, more options and increased usage are expected in the coming year. 15 Dec 2014 The Slovak Spectator
The biggest recipients of tax assignation -Nadácia SPP (SPP Foundation)-Nadácia Pontis (Pontis Foundation)-Nadácia Orange (Orange Foundation)-Nadácia VÚB (VÚB Foundation)-Nadácia Tatra banky (Tatra Banka Foundation)-Dobrý Anjel (Good Angel)-Liga proti Rakovine (League against Cancer)-Plamienok-Občianske združenie Samsung, Galanta (Civicassociation Samsung, Galanta-Nadácia MONDI SCP (Foundation MONDI SCP) 8 Dec 2014 The Slovak Spectator
Some organisations active in CSR and philanthropy in Slovakia -Association of Corporate Foundations and Funds, www.asfin.sk-1. Neziskové Servisné Centrum (the central portal for the non-profit sector), www.1snsc.sk-Business Leaders’ Forum, www.blf.sk-C.A.R.D.O., www.dobrovolnictvo.sk-Centrum pre filantropiu/Centre for Philanthropy, www.cpf.sk-Fórum donorov/Slovak Donors’ Forum, www.donorsforum.sk-Iuventa, the Slovak institute of youth, www.iuventa.sk-Pontis Foundation, www.nadaciapontis.sk-Slovak Fundraising Centre, www.fundraising.sk 8 Dec 2014 The Slovak Spectator
Slovak organisation awarded Focus short THE SLOVAK non-profit organisation Via Iuris has won a special prize in the 2014 edition of the Czech-Slovak competition for the best publicly beneficial campaign. In total, 68 non-profit organisations enrolled 112 campaigns into the eighth edition of the Žihadlo (Sting) competition. Of them, three Slovak NGOs enrolled eight campaigns, Karolina Fialová, project manager at Neziskovky.cz, told The Slovak Spectator. The award ceremony took place in Prague on November 20. 8 Dec 2014 The Slovak Spectator
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“Even those who proposed it admitted that the law will be ineffective.” President Andrej Kiska explains why he refused to sign the anti-shell law.