Archive of articles - March 2005, page 11

Barto: Reduce moral hazard

MARTIN Barto, 46, has more than a decade of experience in the Slovak banking sector, beginning as an analyst with ING Bank and then moving after 1999 to become chief economist of the then-state bank, Slovenská sporiteľňa

US Steel sues for quotas

THE EAST Slovak steel giant is suing the Environment Ministry because it says restrictions on the amount of carbon dioxide it can emit will cost the company billions of crowns and present an "unjust economic burden".

Telecom giant fined

SLOVAK Telecom joins the ranks of the big Slovak firms penalized for allegedly abusing its monopoly position.The Slovak Supreme Court upheld a 2004 decision by the Antitrust Office to fine the telecommunications company Sk20 million (€532,460) for squeezing out competition on the ADSL Internet market.

Culture Shorts

Kechnes could employ 30,000

Prospect of better pensions proving popular

"HOLD ON and your pension will be all right!" "Smile, your pension will be better." "OK pension!" "Get ready for a Swiss pension."

EVENTS COUNTRYWIDE

Quote of the Week:

Aid keeps churches alive

"ILLOGICAL" is how Marián Gavenda describes the new draft legislation by the ruling New Citizen's Alliance (ANO) party, which essentially wants to tie eligibility for church subsidies to published assets.

Slovaks get lowest pay in Europe

Taiwanese and Danes invest in Slovakia

Telecom market keeps growing

World Bank: Slovakia is a role model

ANO pries into church purse

THE RULING New Citizen's Alliance (ANO) is rocking the boat with draft legislation that would require all registered churches in Slovakia to publish their assets in order to receive state funding.

ANO unhappy with slow progress in schools

The 30-percent rule could hurt pensions

THE MAJORITY of pension fund management companies think that the regulation requiring investors to put at least 30 percent of financial investments into the Slovak capital market will, at the end of the day, hurt the saver.

Bush thanks Slovaks for cordial welcome

Fico and Mečiar: Enigmas without secrets

TIME is not on Smer boss Robert Fico's side. Once his potential voters start feeling the positive impacts of the reforms that the Mikuláš Dzurinda government has implemented, he will have nothing to offer.

Likava

.THE RUINS of picturesque Likava castle rest on a hill just outside Ružomberok, a little off the road to Dolný Kubín. The 13th century castle guarded the routes through the Liptov region to Orava in the north.