Volkswagen Slovakia continues to expand

Remaining strong

GERMANY continues to be Slovakia’s strongest economic partner, a relationship that remains unchanged despite the slowdown in economic growth that both countries have experienced as a result of the current global economic situation.

26. nov 2012

On the right track with ZF

The German ZF Group is among the biggest independent suppliers of powertrain and chassis components for the automotive industry worldwide. Annual sales of the group in 2011 were €15,509 million with annual increase of 20 percent.

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26. nov 2012

German institutions and organisations in Slovakia

Embassy of the Federal Republic of GermanyAmbassador: Axel Hartmannwww.pressburg.diplo.de

26. nov 2012

Quote of the week

“I need to voice a serious and disturbing suspicion that the EU is under the control of Satan or Satanism.”

26. nov 2012
Open for Everything

German culture offers something for all

BOTH THE German Embassy and the Goethe Institut in Slovakia, which organise cultural and social events for the local public, emphasise the importance of spreading their native language in the central European region. However, they also bring to Slovakia a sampling of German culture through numerous and diverse forms of art, like classical and jazz music, film, modern dance and photography, among many others.

26. nov 2012

Teachers to go on strike

NEITHER of the two negotiating sessions between the government and teachers’ unions in November had, as this issue of The Slovak Spectator went to print, averted the prospect of a nationwide strike by pedagogical and non-pedagogical employees which is due to start on Monday, November 26.

26. nov 2012

German-owned firms or companies with German investors in Slovakia

Allianz - Slovenská Poisťovňa, www.allianzsp.skBayer, www.bayer.skContinental Matador Rubber, www.matador.skGabor, www.gabor.skGleistein Slovakia, www.gleistein.comHenkel Slovensko, www.henkel.skKaufland Slovenská republika, www.kaufland.skLanxess, www.lanxess.skLeoni Autokabel Slowakia, www.leoni.comNagel Slovensko, www.nagel-group.comOsram, www.osram.skPrvá Stavebná Sporiteľňa, www.pss.skRajo, www.rajo.skRödl & Partner, www.roedl.skRWE IT Slovakia, www.rweit-slovakia.comSAP Slovensko, www.sap.skSiemens, www.siemens.skSlovak Telekom, www.slovaktelekom.skSchnellecke Slovakia, www.schnellecke.comSPP, www.spp.skT-Systems Slovakia, www.t-systems.skVolkswagen Slovakia, www.volkswagen.skVýchodoslovenská Energetika, www.vse.skZápadoslovenská Energetika, www.zse.sk

26. nov 2012
Jobseekers sign here.

Projects to boost youth employment

THE JOBLESS rate in Slovakia remains a problem. The number of people registered with labour offices reached 410,432, or 13.69 percent, in October, which is 0.25 percentage points higher than in the previous month. In annual terms the number of jobless rose by 0.40 percentage points, according to the data presented by the Central Office for Labour, Social Affairs and Family (ÚPSVaR). The highest numbers of unemployed were reported in Banská Bystrica Region with 19.61 percent, Prešov Region with 19.59 percent and Košice Region with 18.86 percent.

26. nov 2012
Jozef Žaťko, Simona Rudavská and Martin Strýko (from left to right)

White Crow awards go to whistle–blowers

SIMONA Rudavská worked at the Labour Ministry’s section for social insurance and pension saving when, at the end of 2010, a colleague offered her €20,000 in return for influencing a draft amendment to the legislation on pensions. She refused the bribe and later acted on behalf of the police in order to prosecute the corruption case. Along with two other people who displayed bravery and integrity, Rudavská has now become a ‘White Crow’, an award given out each year by the political ethics watchdog Fair-Play Alliance and legal think-tank Via Iuris.

26. nov 2012

Continental expands in Slovakia

THE GERMAN company Continental, which has been producing components for cars’ brakes, continues to expand in Slovakia. It will build a new storage hall in Zvolen.

26. nov 2012

Doctors protest again

FIVE hospitals located in the biggest towns in Slovakia joined protests by doctors across the Visegrad Group (V4) region. Their aim was to bring attention to problems in the four countries’ public health-care systems, the SITA newswire reported.

26. nov 2012

VW SK wins Lean & Green award

THE BRATISLAVA-based plant of German carmaker Volkswagen Slovakia (VW SK) has won the Lean & Green Efficiency Award, becoming the “leanest and greenest” car company in Europe, the company wrote in its press release.

26. nov 2012

A wealth of wood

ALTHOUGH the first mention of Kokava nad Rimavicou dates back to 1249, the village certainly existed much earlier. This fact is proven by its location near the densely forested southern headlands of the Slovenské Rudohorie mountain range, which at that time offered numerous ways to make a living.

Branislav Chovan 26. nov 2012
Daniel Lipšic

Right wing continues to splinter

THE CENTRE-right opposition parties the Slovak Democratic and Christian Union (SDKÚ), Most-Híd and the Christian Democratic Movement (KDH), have not yet succeeded in their efforts to have Justice Minister Tomáš Borec’s political future discussed in parliament. A special session was called twice on November 19 and 20 but the house failed to reach the required quorum. The ruling Smer sent just enough legislators to have reached the quorum had all opposition MPs but one been present, the SITA newswire reported.

26. nov 2012

Rules for granting state aid to change

THE ECONOMY Ministry has already drafted an amendment to the law on investment aid, the SITA newswire reported on November 19.

26. nov 2012
Singer form the Para band performs with children from Divé maky at summer Bashavel.

Wild Poppies launch new CD

THERE ARE several ways to support Roma; one is to educate young Roma and help them nurture their talent. The Divé Maky / Wild Poppies programme has been doing this since 2005, and several times a year, the results are presented to the public.

26. nov 2012

Free website for learning German

EIGHT organisations from six European countries have joined up to launch a website for learning German, supported financially by the European Commission. The website, www.deutsch.info, will enable people who speak several different European languages, including Slovak, to learn German. It will be launched as of the beginning of 2013, the TASR newswire reported in July.

26. nov 2012

Dealing with unfair competition in the Slovak Republic

A socially and ecologically oriented market economy is a constitutional principle of theeconomy of the Slovak Republic. On the basis of this principle the Slovak Republic is committed to promoting and protecting competition and preventing abuses, and thereby contributing to the achievement of free enterprise.

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26. nov 2012

Due diligence: Risks related to site location in land acquisition

Prior to drafting contracts and starting negotiations with the owner of the land that an investor intends to buy for business in Slovakia, due diligence should be conducted to determine all technical, environmental and legal risks connected with the land. Though this first part of the due diligence process is rather technical, and lawyers tend to focus mainly on verifying the chain of title, it involves numerous important legal aspects that should be taken into account to minimise any risk of damage to a client incurred in connection with the site location. Knowledge of risks may also strengthen an investor’s position during negotiations and may be used as leverage to negotiate better conditions. Below we summarise some often omitted issues that a solid due diligence should start with.

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26. nov 2012

Harabin wins European Court case

THE EUROPEAN Court of Human Rights (ECHR) has ruled that the right of Štefan Harabin, Slovakia’s Supreme Court president, to a fair hearing by an impartial tribunal was violated in the course of a disciplinary proceeding in June 2011. The Slovak Constitutional Court, sitting as a disciplinary tribunal, had found that Harabin violated his duties associated with management of the courts, financial control and internal audit by repeatedly failing to make it possible for the Finance Ministry to audit the Supreme Court’s accounts in 2010. He was fined 70 percent of his annual salary.

26. nov 2012
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