Archive of articles - November 2013, page 9
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Slovak economy proves resilient
Over the past year, the Slovak economy has demonstrated more resilience to unfavourable external developments than many of its neighbours. A major part of this improved performance can be associated with the lucky timing of euro adoption, which among others has reflected in improved competitiveness for Slovak exporters, as was first seen with the return to economic growth way back in 2010.
Exercise: New plan to fight floods
This exercise is linked to the article: New plan to fight floods.
Investment and real estate highlights
JANUARY 2013– As many as 927,000 cars were produced in 2012, which was the highest number in the 21-year history of Slovakia. Despite analysts' murky prognoses, the three Slovak carmakers believe that the decline of the European auto market will not slow their production and that they will go on to produce in 2013 even more cars than in the record-breaking year 2012.
Still tentative, but reviving slowly
Though there is still post-crisis edginess on the Slovak real estate market, some segments already display encouraging signs. The market would be helped if there were more international developers to make things more transparent, said Andrew Thompson, the managing partner with Cushman & Wakefield. Miroslav Barnáš, managing director of Jones Lang Lasalle Slovakia says that in parallel with general economy recovery, since the beginning of 2013 investor appetite is on the rise. Meanwhile, Kamil Bado, the director of Gleeds, suggests that banks have understood they cannot sit on their money forever and are beginning to finance new projects.
Glossary: New plan to fight floods
Spectator College provides readers of The Slovak Spectator who are trying to improve their English with glossaries of useful and frequently used words and expressions from stories published as part of the Spectator College as well as in the rest of the newspaper. As well as this special glossary, which relates to the article New plan to fight floods, you can find more expressions in our Glossary for politics & business or in the List of names of institutions in English and Slovak.
Slovak, US musicians unite
WHILE it may be a cliché to say that music forms a universal emotional connection between performers and audiences, it can also be said that it creates a literal bond between the performers themselves, as the recent wave of collaboration between Slovak and US jazz musicians illustrates.
Inflation at 0.6 percent
INFLATION reached 0.6 percent year-on-year in October, with core inflation also standing at 0.6 percent and net inflation at 0.4 percent, the Slovak Statistics Office announced on November 12 as reported by the TASR newswire.
Diplomats praise Roma integration
THREE primary schools in eastern Slovakia were praised by a group of American diplomats on October 25 for their efforts to integrate Roma students into their classrooms, the TASR newswire reported.
US investors open new offices
ECONOMIC cooperation between the US and Slovakia, countries whose economies differ vastly in size, does not exactly result in a high volume of trade. Nevertheless, the presence of US investors in Slovakia remains visible, while the free trade agreement between the US and the European Union that is currently under negotiation is expected to boost bilateral economic relations.
Learning Slovak online in the US
THE CENTRE of Slovak Language, to be launched in the US, will enable US businesspeople, and anyone else who is interested, to learn the Slovak language online.
Countrywide Events
Western SLOVAKIA
Harabin to get €150,000
SUPREME Court President Štefan Harabin has cleared another hurdle on the way to cashing in €150,000 in damages paid by the General Prosecutor’s Office after Justice Minister Tomáš Borec said that the disputed changes to a Bratislava Regional Court panel of judges, which sided with Harabin, were in line with the law.
IT recycling centre opens
A NEW IT recycling centre opened in Bratislava in mid July. The centre was launched by CSI Lifecycle Europe, a subsidiary of American firm CSI Leasing, and it is the US company’s second centre in Europe, the first of which is located in Sheffield, Britain. The new centre processes electronic devices containing sensitive data, like computers, notebooks, tablets, mobile phones and servers, the SITA newswire wrote, citing Martin Kardoš of CSI Lifecycle Europe.
New Labour Code offers no immediate relief for labour market
Slovakia’s labour market continues to suffer from the impact of the global economic downturn. The Labour Code, amended a year ago, did not push unemployment significantly up or down. Even with the unemployment rate oscillating around 14 percent, the cost of labour continues to grow. Slovakia’s Labour Code was most recently amended in October 2012, with most of the changes becoming effective as of January 2013. While the government was satisfied with its final version, calling the Labour Code “modern and balanced”, the opposition, as well as representatives of employers, heavily criticised the changes, saying that the new rules for the labour market would only increase the costs of labour and reduce Slovakia’s growth prospects.
Estonian recipes: Estonian biscuit cake, Eve-Külli style (video included)
Ingredients and preparation.
Industrial space market reflects economy
Slovakia remains the smallest industrial space market with the lowest vacancy rate in central Europe. Market watchers say this reflects the current economic situation and high competition in the region, and believe prospects are good for building new industrial space along highways around Žilina and Košice.
Estonian cuisine: When fish rules the table
“I AM very proud to have the family name Kala, which means fish in Estonian, and I told my husband long ago: if we marry, the fish will be there,” said Eve-Külli Kala, the Estonian ambassador to Slovakia, while preparing Estonian herring dishes at her Vienna residence, adding that fish is an essential part of Estonian cuisine.
Slovakia third most industrialised
EVERY fourth euro produced in the Slovak economy comes from industry, which makes the country the third most industrialised member of the European Union, after Romania and the Czech Republic. Moreover, the share of industry in the country’s GDP in the first half of this year stood at 25.8 percent, according to a study by Poštová Banka, based on Eurostat data.
Estonian recipes: Herring in sour cream (video included)
Ingredients and preparation.
USA: General facts
Political system: federal republicCapital: Washington, DCTotal area: 9,826,675 square kilometresPopulation: 317 millionOfficial languages: English (Hawaiian is also an official language in the state of Hawaii)Currency: US dollar
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- No more photos or bank statements? Slovakia moves to ease residence process More articles ›
