Entrepreneurs are underinsured

MOST business entities operating in Slovakia do so without sufficient insurance coverage according to Allianz-Slovenská Poisťovňa, which estimated that only 30 percent of businesses had adequate levels of insurance coverage, the SITA newswire wrote in November.

25. apr 2011

Countrywide Events

Western SLOVAKIA

25. apr 2011

Slovak banks passed stress tests

BANKS in Slovakia passed the latest stress tests that the National Bank of Slovakia (NBS) carried out in the second half of 2010.

25. apr 2011

SaS rejects support for ESM

FREEDOM and Solidarity (SaS), one of the ruling coalition parties, will not support Slovakia’s participation in the European Stability Mechanism (ESM) in a parliamentary vote, party leader Richard Sulík told a press conference on April 20, as quoted by the SITA newswire.

25. apr 2011

Slovaks raise money for Japan

A YOUNG student at the Academy of Fine Arts, Mária Vaculová, felt the urge to help people in disaster-stricken Japan and to express solidarity in some way. Together with the parsonage of the Big Evangelical Church, the platform of Kresťania v meste (Christians in the City) and support from the American and Japanese Embassies, she organised a benefit concert on April 1 in the 2,000-seat Big Evangelical Church that raised almost €5,000 in voluntary contributions.

25. apr 2011

Robert Vano to open photo gallery

SLOVAK-BORN photographer Robert Vano, who found fame abroad, has returned to Slovakia after an absence of 44 years. He emigrated during communism and never really returned except for a few hours in passing. Now he said he intends to open a gallery in Bratislava that will open its doors to young, promising photographers to meet, exhibit and exchange experiences while building their photographic skills and portfolios.

25. apr 2011

Tax boss quits as PM refuses to back down

THE HEAD of Slovakia’s Tax Directorate, who earlier this year nodded through a five-year, €6.6-million office leasing deal with a firm co-owned by a regional official of the ruling Slovak Democratic and Christian Union (SDKÚ), resigned on April 20. A day earlier, SDKÚ leaders had appeared to agree that Slovakia’s public-finance watchdog would decide his fate via an audit of the deal.

25. apr 2011

The mills of Horné Orešany

HORNÉ Orešany in the Small Carpathians is known as a locale that makes quality wine. It is less known that there were several grain mills in this municipality and historical records indicate that Orešany residents constructed the first mills on the Parná River in the 17th century. But it is possible that they existed even earlier.

Branislav Chovan 25. apr 2011

Quote of the week

“Viktor Orbán is one huge dictator in the centre of Europe, comparable with any dictator in North Africa.”

25. apr 2011

Via Bona awards given out

ORIGINAL projects with strong stories behind them were honoured at the Via Bona 2010 awards ceremony sponsored by the Pontis Foundation to recognise responsible and philanthropic businesses, according to Petra Nagyová, the foundation’s PR manager.

25. apr 2011

Supreme Court judge dies

A FORMER vice-president of Slovakia’s Supreme Court, Judge Juraj Majchrák, was found dead in the garage of his home in Bratislava on April 14. His death has been ruled a suicide but the police are continuing to investigate the circumstances.

25. apr 2011

Eagle census completed

IN FEBRUARY the Raptor Protection of Slovakia (RPS) association (Ochrana dravcov na Slovensku) made its annual winter “eagle census” in cooperation with participating organisations from several countries.

25. apr 2011

Smile! Tourists are coming!

THE PREPARATIONS for the upcoming Ice Hockey World Championship have not transformed Bratislava into a shiny European metropolis overnight. But tourism experts still believe that the city can appeal to the foreign guests who are expected to flood the city for two weeks – if only service providers, who have something of a reputation for being grumpy, treat the hockey fans with honesty and a smile.

25. apr 2011
The kindergarten in Lunik IX, as shown in the British documentary movie Lunik IX.

The documentary is dead: long may it live!

“DEATH to the documentary” was the slogan of the 2nd DOCsk festival, Slovakia’s only event devoted entirely to documentary films, which took place in Košice between April 13 and 16.

25. apr 2011
Jozefína Žáková

Insurers await EU's Solvency II rules

THE SLOVAK insurance market is carefully watching the unfolding of a new European regulatory framework known as Solvency II. Though its aim is to ensure that insurance and reinsurance policies underwritten by insurance companies are financially sound and can withstand adverse events so that policyholders are protected, some industry experts are concerned that the additional capital requirements may push some popular insurance products out of the market. Since the process of preparing the Solvency II rules is not complete, insurance firms in Slovakia and other EU countries must still wait until final documents are adopted and then implemented to assess what impacts the new regulatory framework, which now has a target implementation date of January 1, 2013, rather than October 31, 2012, might have on the insurance industry.

25. apr 2011

Institutions and associations in the insurance sector

Ministry of Finance, www.finance.gov.sk

25. apr 2011

Some insurance companies in Slovakia

Allianz-Slovenská Poisťovňa,www.allianzsp.sk

25. apr 2011

MetLife Amslico opens new office

METLIFE Amslico, one of the biggest life insurance companies in Slovakia, opened a new headquarters in Bratislava in mid April. More than 200 people from three companies (for life insurance, funds and services) will work in the new premises in the Eurovea complex on the Danube embankment.

25. apr 2011

Poll puts Smer support at 43.2%

BOTH parliamentary opposition parties, Smer and the Slovak National Party (SNS), experienced small drops in voter support in the most recent poll conducted by Median SK that was released on April 18.

25. apr 2011

Sprucing up Slovakia for hockey fans

FOR TWO weeks in May, Slovakia will officially turn into the ‘Hockey Republic’ according to the official campaign now under way to promote the Ice Hockey World Championship.

25. apr 2011
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