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Noerr excelled at the Juve Awards Advertorial Noerr excelled at the Juve Awards in Frankfurt am Main in Germany on 23 October 2014, winning the awards as “Law firm of the Year” and “Law firm of the Year for M&A”. 24 Nov 2014
GREEN IS GOOD Legal view Over the last several years, the EU and its Member States have pursued efforts to achieve efficient use of natural resources - especially non-renewable energy sources. Their goal is to protect the environment and better regulate investment and buildings’ operational costs. According to EU statistics from the past few years, the construction and building management sectors account for a significant percentage of total energy consumption. It should therefore come as no surprise that one of the EU’s primary goals is to improve energy efficiency in these sectors. 24 Nov 2014
Transfer Pricing: A Developing Area in Slovak Tax Law Legal View Transfer pricing can be identified as an area of tax law that continues to attract the attention of both tax authorities and businesses worldwide. The growing importance of transfer pricing can be observed in the Slovak Republic as well, as it has become one of the dominant tax issues addressed during tax audits. Failure to comply with the arm’s length principle may result in additional tax assessment by the Tax Authority and a penalty may be imposed if taxpayers fail to submit transfer pricing documentation. Recently, transfer pricing has been addressed from different perspectives by the legislator and the Tax Authority. Most significantly, we would like to stress a recent legislative proposal to broaden the personal scope of transfer pricing legislation, new rules on transfer pricing documentation and new guidance regarding advance pricing arrangements. 24 Nov 2014
PNO SK s.r.o. – global expertise & a local approach ADVERTORIAL As a new European Union programme period 2014-2020 has already begun, it is the right time to finalise development strategies for companies for the coming period and see where growth plans match funding schemes. The same applies for the public and non-profit sectors, too. The funding system in Slovakia promises positive changes in simplifying the process for beneficiaries. The key to success is to have clear plans, clear information and act fast. 24 Nov 2014
Tatras mark 10th anniversary of windstorm Business in short Locked TEN years ago, on November 19, 2004, extreme winds with speeds of up to 230 km per hour levelled forests in the Tatra mountains, toppling the nation’s pride along with them. The disaster left two people dead, billions of crowns in damages and Slovakia’s most popular tourist destination badly scarred. After 10 years, all the damages have yet to be counted due to the arrival of the bark beetle which has caused comparable damages. Nevertheless, new forests are growing on affected territories, while only children of current generations will live to see proper forests here. 24 Nov 2014 The Slovak Spectator
Low-wage workers to earn more Business in short Locked THE ROBERT Fico Cabinet has introduced a reform of payroll taxes of low-wage workers to increase their wages and reduce unemployment. The Slovak Cabinet approved the measure on November 20. 24 Nov 2014 The Slovak Spectator
Slovnaft, ČEZ are interested in SE Business in short Locked CZECH electricity company ČEZ and the Slovak refinery Slovnaft have expressed unbinding interest in buying the majority stake the Italian energy company Enel holds in Slovenské Elektrárne (SE). The Slovak government, which holds the minority stake in SE, has not submitted any bids yet, while it agreed with the Enel management on measures that would help to complete the SE’s nuclear power station in Mochovce, the TASR wewswire wrote. 24 Nov 2014 The Slovak Spectator
Household consumption propels economic growth Analysts expect economy to slow down at the end of the year Locked SLOVAKIA’s economy kept growing during the third quarter of 2014, driven especially by growing household consumption in spite of weaker monthly indicators in industry and construction. Nevertheless, the outlook for the end of the year is less optimistic, when analysts expect a slowdown of local economic growth due to the slowdown in the eurozone and the ongoing Ukraine crisis. 24 Nov 2014 The Slovak Spectator
Free trains bring queues at stations TRAINS were fuller and stations busier on November 17. It was, of course, the end of the holiday weekend; but it also saw the launch of free train travel for students and pensioners. 24 Nov 2014 The Slovak Spectator
Finding a new home – Slovakia Be it for a course of study or a summer job, long-term service, marriage, temporary or permanent residence, planning starts much earlier than packing a suitcase or buying a plane ticket. 24 Nov 2014 The Slovak Spectator
Success stories: Shared services centres AT&T TAPS SKILLED WORKFORCE IN SLOVAKIA 24 Nov 2014 The Slovak Spectator
Shared services centres set up shop Slovakia with its educated labour force and geographic position in central Europe is still attractive for shared services centres (SSCs), which improve employment rate statistics in the country. However, the country’s labour legislation and education systems does not reflect current trends and thus harm competitiveness in comparison with elsewhere among central and eastern European countries, according to investors. 24 Nov 2014 The Slovak Spectator
How to start a start-up High quality workers are considered to be one of the biggest advantages inside the Slovak start-up community. However, many still repeat the same mistakes over and over again, particularly in marketing or by making overly-complex products. Here is some basic advice from The Slovak Spectator on how to start one’s own innovative business: 24 Nov 2014 The Slovak Spectator
How to sell an idea Before CulCharge, no start-up in Slovakia had ever tried to use crowd funding. The small simple device which can transfer data and charge smartphones or mobile devices from almost any device with a USB input arrived on the market in 2014 after raising nearly $95,000. 24 Nov 2014 The Slovak Spectator
Who’s getting the bill? When a group eats in a restaurant, goes to the theatre or takes a taxi often gives rise to questions of who is paying for what and whether everyone has enough cash. The start-up Viamo has an answer, offering the possibility to send small amounts of money from mobile phone to mobile phone. 24 Nov 2014 The Slovak Spectator
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“We are probably the only city in Europe that is building a bridge and does not yet know how it will look.” Bratislava Mayor-elect Ivo Nesrovnal’s comments on the reconstruction of the Old Bridge.