A hotel is a long-term investment

SLOVAKIA used to be limited in its range of both less and more luxurious hotels. That situation has changed with more four- and five-star hotels opening during the last few years while a number of other new hotels of various categories have just started welcoming guests or are preparing for their grand openings. The global economic downturn has put hotel managers under greater pressure to run their properties more effectively and to cut costs, but along with this they must keep services at the same or better levels to remain appealing to longstanding customers as well as new guests who have become much more price sensitive.

7. dec 2009

State Language Act guidelines finalised

THE MINISTRY of Culture has finished drafting its guidelines for implementation of the State Language Act and submitted the material for interdepartmental review, the SITA newswire reported.

7. dec 2009

Construction Ministry sites are priciest

THE CONSTRUCTION Ministry has come out ‘top’ in a chart of the most expensive websites for operational programmes co-financed from EU structural funds, according to a study published by the Conservative Institute, an NGO, on November 30.

7. dec 2009
Construction of units 3 and 4 in Mochovce resumed in November 2008.

Slovakia builds new power generation facilities

The closure of the second unit of the V1 nuclear power station in Jaslovské Bohunice at the end of 2008 was the most important event in the Slovakia’s energy sector of that year. By doing so Slovakia fulfilled commitments from its EU accession treaty by which it had promised to close down the first two units of the outdated Soviet-designed nuclear plant in Jaslovské Bohunice, known as the V1. The closure of the two units has increased pressure on the existing electricity generating facilities to satisfy the demand for power and has forced the country, after years of being self-sufficient in power production, to again import this important commodity. It is expected that Slovakia will depend on imports of electricity until the dominant power producer, Slovenské Elektrárne, places the first of the two new units of the Mochovce nuclear power plant into operation. This is scheduled for 2012.

7. dec 2009
Villa Tugendhat in Brno is the prism through which The Glass Room illuminates nearly six decades of central European history.

The Glass Room

The Glass Room

7. dec 2009
Location is still a key factor.

Real estate market is not what it was

Things have changed indeed. Although many people may wish otherwise, the fact is that conditions in the real estate market in Slovakia have changed rapidly and the situation might not return anytime soon to those golden years between 2004 and 2006.

7. dec 2009

First strategic firm fingered for takeover

NOW Slovakia not only has legislation which allows the state to take over companies it deems ‘strategic’ but the government has designated the first ‘strategic’ company for acquisition following the law’s enactment on November 26.

7. dec 2009
Slovakia has become an investment destination for global car companies.

Slovakia focuses on R&D for future investments

Research and development – combined with education and innovation – create a competitive package that enables enterprises to grow or remain stable in challenging economic times. Education, development of talents and human resources, along with a focus on a culture of enterprise based on knowledge and lifelong learning, are definitely priority approaches that can help enterprises to succeed in these demanding times.

7. dec 2009
Maroš Šefčovič

Slovakia’s Šefčovič gets EC admin job

EUROPEAN Commissioner Maroš Šefčovič from Slovakia will be in charge of inter-institutional relations and administrative affairs. Though Slovakia’s had its eyes on the energy portfolio, politicians across the political spectrum agreed that Šefčovič, who will also be one of seven vice-presidents of the commission, will occupy an important post.

7. dec 2009

Countrywide Events

Western SLOVAKIA

7. dec 2009

Establishing a company in Slovakia

The current EU Commissioner for the internal market and services, Charlie McCreevy, said back in 2007 that founding a company should take no longer than one week in Europe. The reality of the Slovak legal environment is a little different and the process of establishing a company takes about one month, depending on the type of company, on the quality of the founding documents, and also sometimes on the mood of the court official at the Commercial Register.

7. dec 2009
7. dec 2009

Slovak 'Historic Hotels' club launched

MEMBERS of the Association of Historic Hotels of Slovakia signed their founding deed on November 25 in Bratislava. The association will operate within the international network called Historic Hotels of Europe, which clusters more than 600 unique hotels in 20 countries.

7. dec 2009

The Slovak tax system

The single most recognisable characteristic of the Slovak tax system is the flat 19 percent tax rate, applied to corporate as well as to personal income. This is also the standard rate for the value added tax charged on supplies of goods and services in Slovakia. The flat rate has certainly contributed to simplification of Slovakia’s tax system.

7. dec 2009
Trenčín University Rector Miroslav Mečár has become a regular in front of Slovak media.

Trenčín diploma controversy grows

SEVERAL weeks after the Pravda daily broke a story about so-called express diplomas being awarded by a university in Trenčín, pressure has intensified on the school’s top management as more questions have surfaced about how diplomas have been awarded, and about tuition fees that were paid by students to a non-profit organisation.

7. dec 2009

How the V4 can cooperate to overcome energy challenges

The Visegrad group countries, the Czech Republic, Hungary, Poland and Slovakia, face a major challenge to energy security in electricity and natural gas markets. Although the current economic and financial turmoil has significantly decreased energy demand in the Central and Eastern European (CEE) region, analysts anticipate that demand for electricity and gas will recover over the medium term. Focusing on the region, three major challenges face the Visegrad Group (V4) countries, namely ensuring adequate supplies of electricity, an overdependence on Russian-based natural gas supply and low energy efficiency.

7. dec 2009

Pozemky

IF YOU want to understand how, even 20 years after its collapse, communism is still poisoning public life in Slovakia, just look at the latest land scandal.

7. dec 2009

Wild Poppies’ seek sponsors

THERE are song lyrics that say “money makes the world go round” and one could interpret this to mean that money can make good ideas materialise, grow, spread and do good. This is the best way to view the Wild Poppies (Divé maky) project, which has grown from very modest beginnings into a widespread NGO, one that supports talented Roma children who would otherwise not have much of a chance to break through barriers, study with professional artists and develop their talents to the best of their ability.

7. dec 2009

New industrial park to go up in Trnava

CONSTRUCTION work on an industrial and technological park were launched in Trnava on November 30. The municipality of Trnava received a subsidy for the project from the Slovak Agency for Development of Trade and Investments (SARIO) equalling 95 percent of eligible expenditures, which translates into nearly €9.59 million, the SITA newswire reported.

7. dec 2009

Seeing stars in the Slovak hotel sky

Hotels and other accommodation facilities in Slovakia place

7. dec 2009
SkryťClose ad