New cabinet to decide on airport

THE FUTURE of M. R. Štefánik Airport in Bratislava is to be decided by the government of Robert Fico following his victory in the parliamentary elections on March 10. Last year the Transport Ministry headed by Ján Figeľ, leader of the Christian Democratic Movement (KDH), said it wanted to select a concessionaire for the largest airport in the country for a period of 30 years. The collapse of Iveta Radičová’s cabinet grounded this plan and it is now up to the next government to decide whether the airport will be operated in the long-term by a concessionaire or the current status quo will remain, the SITA newswire wrote.

19. mar 2012
Smouldering ruin: Krásna Hôrka Castle on March 10.

Fire devastates Krásna Hôrka Castle

The election was not, unfortunately, the only big news event on March 10 in Slovakia. On the same day a huge fire engulfed one of the country’s best-preserved medieval castles, Krásna Hôrka, near Rožňava in eastern Slovakia. The fire struck the hill-top castle’s wooden roof, which was almost completely destroyed in a blaze visible from many kilometres away.

19. mar 2012

A gallery of Roma

A WOMAN writer, an artist-carver, a female activist, a businessman, a nun and the girls’ trio Sabrosa should become positive role models for Roma children thanks to the Romane Hangi project. It has installed these figures in a virtual gallery of Roma personalities in business, art and culture that the Prešov civic association Slovenská Obecná Vzdelávacia Asociácia (Slovak Communal Education Association, or SOVA) has published on its website.

19. mar 2012

Rules on state aid changed

THE OUTGOING cabinet of Iveta Radičová changed the rules for granting investment incentives, hinging them mainly on the unemployment rate in a given region as well as the sector investors intend to put money into. Investors planning to invest in sectors with a high added value in areas with low levels of economic activity and high unemployment are likely to see the maximum possible amount of investment stimuli. The new regulations were approved on December 7, the SITA newswire reported.

19. mar 2012
Lazaro Y Su Sabor Latino.

Latin flavour on the Danube

AS PART of a series of musical evenings, Lazaro de Jesús Hodelin Thomas Y Su Sabor Latino recently performed a concert in the intimate venue of the Loď Café - Divadlo v podpalubí / Boat Café - Thea-tre Under the Deck. The smooth Latin music seemed at first to be an ideal background accompaniment, but by the end of the evening the whole place was on its feet singing Guantanamera, a famous Cuban patriotic song.

19. mar 2012

The also-rans ponder their fate

TWENTY parties running in the March 10 general election did not receive enough votes to make it into the new parliament. Two of them came close, but most of the rest had little chance and now face political oblivion. This ignominy came despite no shortage of well-known faces.

19. mar 2012

Ten steps to winning the FDI race

FOREIGN direct investment is – and will continue to be – one of the core drivers of economic development in Slovakia. Therefore, it is crucial that Slovakia is vigorously pro-active in its efforts to attract foreign investors to all regions of the country. The American Chamber of Commerce in Slovakia (AmCham) has developed, in close cooperation with members of both the Slovak and international business communities, its foreign direct investment (FDI) strategy, which it presented in December 2011.

19. mar 2012

Smer will rule alone

ROBERT Fico is now set to lead Slovakia’s first one-party government since the end of communism in 1989. After a landslide victory in the March 10 general election which left his Smer party with 83 seats in the 150-seat parliament, thereby giving it a majority of 16 over all other parties, Fico initiated a round-table discussion on March 15 with the other five parties that had cleared the 5-percent threshold to win seats. He initially offered the other parties, which are all from the right, the option of governing with his left-leaning Smer, but all refused. President Ivan Gašparovič therefore charged Fico with forming the next government alone.

19. mar 2012

Countrywide Events

Western SLOVAKIA

19. mar 2012

Decision expected on Samsung

THE CABINET of Iveta Radičová postponed a final decision about whether to support a €90-million investment by South Korea’s Samsung Electronics in its plant in Slovakia with incentives amounting to €28 million, leaving it up to the next government. The incentives would be provided as a form of tax relief between 2011 and 2014 thereby securing 950 jobs, the Sme daily wrote.

19. mar 2012

Smer paints Slovakia’s electoral map red

ROBERT Fico, whose Smer party won 44.41 percent of the vote in a landslide victory in Slovakia’s March 10 parliamentary elections, has painted Slovakia’s political map red – the party’s campaign colour. It emerged in first place in an astonishing 77 of the country’s 79 districts. Smer even took the capital, Bratislava, with 30.69 percent of the vote, double the support of any of its political rivals. It thereby went some way to overcoming the conventional wisdom that Smer appeals mainly to rural voters and that larger cities – Bratislava in particular – tend to vote for right-wing parties.

19. mar 2012
The popularity of auctions is growing in Slovakia.

Art as an investment opportunity

SECURITIES and real estate are not the only commodities into which people can ‘deposit’ their money or from which they can profit. Art works, archive wines, stamps, antiques or diamonds can also be used for these purposes. Interest in making less conventional investments such as these has been growing in Slovakia, and recent economic turbulence has even tended to boost such trends. Banks and other financial firms cooperate with auction houses as well as with art experts to secure the best possible art investments for their clients. But while interest is growing, it has not reached levels commonly seen abroad.

19. mar 2012

The faces of power

TOO MUCH power is unhealthy for any politician and can easily set anyone who lacks a sense of balance on the road to becoming a caricature of himself – or something even more disturbing: the father of the nation, a saviour or miraculous political medicine man who claims to have the remedy for the pains of the needy and desperate.

19. mar 2012
Duende: Reona Sato and Adrian Ducin.

Two dances meet in SND

THE BALLET evening Duo, which premiered recently in the Slovak National Theatre (SND), brought together two works by renowned foreign choreographers, Nacho Duato and Uwe Scholz.

19. mar 2012
A long-eared owl.

Unusual owls nest in Upper Nitra

A PARLIAMENT of almost two dozen protected long-eared owls (asio otus) has unexpectedly settled in the tops of conifers near the municipality of Koš in the Upper Nitra region. Gardener Valent Hudec took fright when he spotted them in mid February: no wonder, as their wingspan is up to 95 centimetres and a female can weigh 300 grams.

19. mar 2012

Slovakia lags in VAT collection

THE LOSS in revenues from value-added tax (VAT) represented €2.3 billion, i.e. 3.5 percent of GDP in 2010. Half of this money was lost through the level of efficiency in collecting taxes being lower than the European Union average, the TASR newswire reported.

19. mar 2012

Ministry says GDP will grow by 2.3%

THE FINANCE Ministry’s Financial Policy Institute painted a rather rosier picture of Slovakia’s economic prospects on March 15, revising upwards its estimate for GDP growth in 2012 to 2.3 percent. The institute said that the change had been inspired by better-than-expected GDP numbers from the fourth quarter of 2011, as well as positive signals from the economies of Slovakia’s main trading partners, the SITA newswire reported. Earlier this year, responding to worsening economic news in the eurozone, the Finance Ministry cut its forecast for Slovakia’s GDP growth in 2012 from 1.7 percent to 1.1 percent.

19. mar 2012

Enthusiasts turn Neolog synagogue in Žilina into a hall of arts

While the cultural centre in Bratislava – called Kunsthalle, or Hall of Arts, per the German term – is still awaiting state approval and financing, Žilina could have its own Kunsthalle completed. The Truc Sphérique civic association which already runs the Stanica Žilina-Záriečie culture hub won the competition of local Jewish religious community.

19. mar 2012

ThyssenKrupp postpones its plans

THE GERMAN steel giant ThyssenKrupp has postponed its decision to invest heavily in Slovakia, the Hospodárske Noviny daily reported in late February.

19. mar 2012
A rescue helicopter in action.

A deadly weekend on the peaks

THE WEEKEND of March 3/4 turned out to be a tragic one for skiers, tourists and mountain rescue workers in Slovakia: it ended with five people dead and more than a dozen injured.The series of accidents began on the morning of Saturday, March 3, when two skiers suffered a collision at Martinské Hole ski resort. One of them, aged 41, suffered broken ribs and complications, Helicopter Rescue Medical Service Air Transport Europe (VSSZ ATE) spokesperson Silvia Galajda said, as reported by the TASR newswire.

19. mar 2012
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