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State interested in buying SE stake Business in short Locked APART from the Czech energy firm ČEZ and the Czech Energetický a Průmyslový Holding (EPH), the Slovak government is also considered to be one of the potential buyers of the 66-percent stake in the Slovak major electricity producer Slovenské Elektrárne (SE) from its Italian owner, Enel Group. Slovakia may acquire the stake via an energy holding managing shares in energy firms owned by the state. 15 Sep 2014 The Slovak Spectator
Firms slash high electricity bills Business in short Locked COMPANIES in Slovakia are criticising the Regulatory Office for Network Industries (ÚRSO) for increasing the charge for operating the national grid, which makes up part of the end electricity price, by more than 10 percent as of August 20. The National Union of Employers (RÚZ), Club 500 and the Slovak Chamber of Commerce and Industry (SOPK) issued a joint statement on September 9, with AmCham, the American Chamber of Commerce in Slovakia, voicing its criticism on September 10. 15 Sep 2014 The Slovak Spectator
VAT lottery to change Locked AFTER the reported decrease of participants in the National Receipt Lottery (NBL), the state-run lottery company Tipos is opting for changes that begin in late September, including daily broadcast drawings and an increase in the total number of winners. 15 Sep 2014 The Slovak Spectator
Gas flow to Slovakia slowed THE NATIONAL gas utility Slovenský Plynárenský Priemysel (SPP) reported a 10-percent reduction in Russian natural gas flow to Slovakia during the two days before the current issue of The Slovak Spectator went to print, but was quick to note that clients will continue to receive fuel as normal. Meanwhile, the Economy Ministry insists the country is better prepared for any potential shutdown of gas supplies from Russia via Ukraine than it was during the gas crisis of 2009. SPP, which operates the distribution pipeline network across Slovakia, has not specified the reasons behind the lower supplies and does not see the reduction as reason for serious concern. 11 Sep 2014 The Slovak Spectator
Slovakia can get €4.6 bln from CAP Business in short ABOUT €4.6 billion has been allocated to Slovakia from the Common Agricultural Policy (CAP) of the European Union for the years 2014-2020. While the total support for agriculture and rural development in the EU for this period is lower than the previous one, Slovakia will receive more than it did in previous programming periods. 8 Sep 2014 The Slovak Spectator
Slovakia up in competitiveness Business in short SLOVAKIA slightly improved its competitiveness ranking, up three places from last year to 75th in the Global Competitiveness Report 2014-2015, published by the World Economic Forum (WEF) on September 3.Róbert Kičina of the Business Alliance of Slovakia (PAS), however, still considers the country’s position unfavourable and calls for measures to improve the situation. 8 Sep 2014 The Slovak Spectator
Penta group enters media sector Market watchers warn newspapers could be mouthpiece for other businesses IN ADDITION to real estate, health care, retail and financial services, the financial group Penta Investments has now entered the media market via cooperation with the Dutch investment group V 3 Holdings. 8 Sep 2014 The Slovak Spectator
Reverse gas flow launched WITH the winter approaching and Russia and Ukraine having yet to agree over the resumption of natural gas supplies, the reverse flow pipeline from Slovakia to Ukraine has been officially launched. High Representative of the European Union Klaus-Dieter Borchardt together with Slovak Prime Minister Robert Fico and Ukrainian PM Arseniy Yatsenyuk ceremonially turned on the valve of the Vojany-Uzhgorod pipeline on September 2.“The introduction of the reverse gas flow from Vojany to Uzhgorod is an important event both in Slovak-Ukrainian relations and in the European context,” said Fico, as cited by the TASR newswire. “The solution of the reserve flow was the best possible solution from the technical, time, as well as legal point of view.”Fico added that the reverse gas flow will only be possible if the supplies for Slovak consumers are not endangered. He stressed that the reverse pipeline will contribute to increasing the energy security of Ukraine.“Slovakia, as a country almost 100 percent dependant on the import of energy sources, understands themes like energy security or diversification of energy supplies,” said Fico. 8 Sep 2014 The Slovak Spectator
Danes to construct massive pig farms Business in short THE WORLD’s top pork producers from Denmark – Dan-Slovakia Agrar, Pigagro and Polnovakia Agrar – plan to invest tens of millions of euros in constructing massive pig farms in southern Slovakia. While this should create some 110 new jobs, the farms could put a strain on the environment, which would violate environmental rules if they were operating in Denmark. 1 Sep 2014 The Slovak Spectator
Smart metering arrives Business in short IT IS believed that smart metering will bring about a small revolution in the distribution of electricity. Slovak operators of electricity distribution networks believe that replacing conventional metering systems with intelligent ones will enable electricity consumers to reduce and adjust their electricity consumption, while the new system will give the operators information that will help them to better respond to the needs of consumers. 1 Sep 2014 The Slovak Spectator
The saga of broad-gauge rail line continues A PLAN to extend the broad-gauge rail line from eastern Slovakia to Vienna has been on the table for some time now. But a final decision over whether this project will even materialise has not been made, and its financing remains unclear. A feasibility study should help in this decision, but the selection of a consortium to carry it out has caused concerns. While Austria would like to see the project sped up, a Slovak expert warns about the return of investments and sees it rather as a politically-motivated project. 1 Sep 2014 The Slovak Spectator
Slovakia wary of cut in crude oil supply WHILE the prospect of disruption to natural gas supplies is the major worry of the Slovak government, the country is also bracing for a possible cut or halt in supplies of Russian crude oil via Ukraine. Prime Minister Robert Fico and other state representatives met with representatives of the oil pipeline company Transpetrol on August 25 in response to the sanction law which Ukraine recently adopted. 1 Sep 2014 The Slovak Spectator
Petrovany rebuffs Spanish investment Business in short A SPANISH investor has failed for the second time to obtain land in eastern Slovakia to build a new foundry. After protests by local residents thwarted Funderia Condals’ plans to build a foundry near Prešov, councillors of the nearby Petrovany village refused to sell the investor land in the local industrial park, succumbing to the pressure of locals even before the environmental impact assessment (EIA) was completed. 25 Aug 2014 The Slovak Spectator
Enviro minister withdraws waste bill Business in short ENVIRONMENT Minister Peter Žiga will first send the draft bill of the new Waste Act to Brussels for evaluation and only then will he submit it to the cabinet for approval, so as to avoid having to revise the law some months after it is adopted. It is common for laws in Slovakia to be passed before the EU has any say on it. 25 Aug 2014 The Slovak Spectator
Minimum wage to rise next year THE LABOUR Ministry has proposed a 7.95 percent rise in the minimum wage, a change that bumps low earners’ monthly pay by €28 per month to €380. The increase is the biggest in recent years, where increases have typically stayed in the 3-4 percent range. The proposal still has to be approved by the rest of the cabinet. 25 Aug 2014 The Slovak Spectator
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“It is a portfolio that is very specific – it could be said that it covers the tram to the space rocket.” Maroš Šefčovič in response to receiving the post overseeing transport and the space agenda in the European Commission.