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RegioJet wants IC trains Business in short Locked THE LARGEST private train carrier in the Czech Republic and Slovakia, RegioJet, officially started preparing for its entry into national long-distance transport in Slovakia, the SITA newswire reported. 21 Apr 2014 The Slovak Spectator
Deflation continued in March Business in short Locked CONSUMER prices continued to fall in March, when they dropped by 0.1 percent year-on-year. Core inflation stood at 0.2 percent in March and net inflation at 0.1 percent, the Statistics Office (ŠÚ) reported on its website. 21 Apr 2014 The Slovak Spectator
Suspension of EU funds possible Business in short Locked SLOVAKIA could indeed face suspension from drawing European Union funds, but it is premature to discuss the matter at this point, Deputy Prime Minister for Investments Ľubomír Vážny said on Slovak Radio’s political talk show on April 12. 21 Apr 2014 The Slovak Spectator
EU money to boost ranks of GP doctors Locked SOME €8 million from European Union structural funds should help the Health Ministry train new doctors as general practitioners and paediatricians, two specialisations that are seeing their current ranks ageing. 21 Apr 2014 The Slovak Spectator
Land sale to foreigners a threat? LEGAL barriers preventing some foreign nationals from buying land in Slovakia should be lifted in a couple of weeks. A group of MPs and citizens oppose this arrangement and are already attempting to change it. The Agriculture Ministry, however, says there is no reason to panic. 21 Apr 2014 The Slovak Spectator
Reverse gas flow deal still unsigned THE SLOVAK government says they are ready to help Ukraine with natural gas supplies, but an agreement between the two parties remains on hold as officials seek solutions that will not conflict with other contractual obligations – like the terms of Slovakia’s own renegotiated gas contract with Russia’s Gazprom that was closed at the start of the year. 16 Apr 2014 The Slovak Spectator
More powers for NBS Business in short SLOVAKIA’S central bank is likely to receive more supervisory powers over other financial institutions in Slovakia. This will be possible due to the amendment to the Bank Act passed by the government on April 9, through which it will implement a number of European Union directives designed to ensure greater supervision over banks by supervisory bodies, the TASR newswire reported.The new regulatory framework will concern all banks in the EU. 14 Apr 2014 The Slovak Spectator
IMF predicts faster GDP growth Business in short SLOVAKIA’S economic growth will gradually accelerate, according to the latest prognosis of the world economic outlook published by the International Monetary Fund (IMF). It forecasts economic output to rise to 2.3 percent from last year’s 0.9 percent, while in 2015 it expects growth to accelerate to 3 percent, the SITA newswire reported on April 9. 14 Apr 2014 The Slovak Spectator
Biden and Fico discuss Ukraine Business in short US VICE President Joe Biden discussed the crisis in Ukraine with the leaders of Montenegro and Slovakia on April 9, the AP newswire reported. Observers say the call took place as Slovakia’s attitude over the reverse gas flow seemed unclear. 14 Apr 2014 The Slovak Spectator
Disputed law revised THE LAW on personal data protection will change after being in effect for less than a year, as the government has responded to employers’ complaints that it is impossible to implement in practice. Though employers say parts of the law are still problematic, they consider the revised legislation an improvement. 14 Apr 2014 The Slovak Spectator
Higher budget for EMO approved AFTER months of negotiations the shareholders of Slovak power utility Slovenské Elektrárne (SE) agreed on April 8 to provide the additional funding necessary to complete the third and fourth units of the Mochovce Nuclear Power Plant (EMO). This means that the power plant’s final bill will rise to €3.8 billion, up by €1 billion compared to the original plans. 14 Apr 2014 The Slovak Spectator
VW produces record number of cars Business in short BRATISLAVA-BASED carmaker Volkswagen Slovakia (VW SK) produced 426,313 vehicles last year, up by 1.5 percent compared to 2012. 7 Apr 2014 The Slovak Spectator
EC reviews exports ban Busienss in short SLOVAKIA might face sanctions for passing a law that bans pharmaceutical distributors from exporting medicines abroad, if the inspection of the European Commission confirms that it is not compatible with the principle of the free movement of goods, the Hospodárske Noviny daily reported in its April 1 issue. 7 Apr 2014 The Slovak Spectator
Highway toll investigation halted Business in short THE EUROPEAN Commission has ended an investigation against Slovakia over the suspected violation of European rules on public procurement in the tender for the operator of the electronic highway toll system, the SITA newswire reported on March 28, concluding it was impossible to prove that certain bidders were unlawfully excluded from the process. 7 Apr 2014 The Slovak Spectator
State denies wrongdoing on food buy THE ADMINISTRATION of State Material Reserves denied any wrongdoing when purchasing sugar and grain from private companies for its emergency stocks. This came in response to media reports in late March claiming that the state lost nearly €700,000 in the public competition, which was won, among others, by a firm with connections to the J&T financial group. The opposition, however, remains sceptical of the purchase and questions its transparency. 7 Apr 2014 The Slovak Spectator
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Quote of the Week
“We discussed it with them, they changed their minds and returned back.” Interior Minister Robert Kaliňák commenting on how Slovakia dealt with the first four Ukrainians who applied for asylum.