Malatinský recommends investment aid for six companies

Investment aid totalling €20.1 million in the form of tax breaks and subsidies for the acquisition of assets should go to six companies, according to a proposal on the provision of investment aid from the Economy Ministry that will be discussed at cabinet session. The companies that have applied for the investment aid include a company called Schindler from Dunajská Streda which is one of the world leaders in production of escalators and lifts and is based in Switzerland, rolling bearings manufacturing companies INA from Kysucké Nové Mesto and Schaeffler Slovakia from Žilina, supplier of medical single-use devices Unomedical from Michalovce, compressor producer Embraco Slovakia from Spišská Nová Ves and shoemaker FLAMEshoes from Bardejov. “The submitted investment projects should create a total of 226 new jobs in eastern Slovakia, 165 in central and the rest in western Slovakia,” Malatinský told the TASR newwire adding that the overall number of new jobs stands at 657. The ministry estimates that these six investments could generate revenues for state budget of more than €120 million. The largest share of all the investments that applied for investment aid are related to expanding existing plants, increasing production, or to substantial modernisation of technological equipment and increasing competitiveness of companies in Slovakia.

16. apr 2014

Memorandum on reverse gas supply to Ukraine unsigned, negotiations continue

The prepared memorandum of cooperation regarding reverse supply of natural gas from Slovakia to Ukraine was not signed on April 15, with the Ukrainian side calling Slovak offer unacceptable.

16. apr 2014

World War II bombshell found at Bratislava airport

During excavations and construction works at the unpaved parts of theM.R. Štefánik Airport in Bratislava, a World War II bombshell was found April 14.

16. apr 2014
The natural gas compressor station in Veľké Kapušany.

Reverse gas flow deal still unsigned

THE SLOVAK government says they are ready to help Ukraine with natural gas supplies, but an agreement between the two parties remains on hold as officials seek solutions that will not conflict with other contractual obligations – like the terms of Slovakia’s own renegotiated gas contract with Russia’s Gazprom that was closed at the start of the year.

16. apr 2014

Šibať

IT’S time to suffer. Not only because Easter with its traditional whipping (šibačka) has arrived, but also because the presidential elections are over. Before the vote, Smer had to play nice, but now they can again show their real and perceived enemies that they are in charge.

16. apr 2014

I’m too sexy for my job...

THERE could be many reasons why a person with a university degree is working in a fast-food restaurant. In Slovakia people who are too good for their jobs, so to speak, haven’t been a problem for the labour market, but this may be changing. “It happens quite often that people who have a university degree apply for positions where only a secondary school graduation is required,” Marcela Glevická from the Profesia.sk job portal told The Slovak Spectator. There are professions in Slovakia’s job market where more than half of the people have a higher level of education than is required. The ranking is topped by bank loan specialists, 61 percent of whom are university graduates. Other professions include librarians, tour guides and physiotherapists.

and 1 more 16. apr 2014

Former ŠtB agents back Babiš in court

TWO WITNESSES in the court proceeding related to allegations that Czech Finance Minister Andrej Babiš once served as an agent for the communist-era secret police (ŠtB) have not confirmed that Babiš knew about the cooperation. The Nation’s Memory Institute (ÚPN), which is being sued by Babiš, who claims he was wrongly registered as an agent, has not commented on the testimonies, saying that the proceeding is still underway, the Sme daily reported in its April 15 issue.

15. apr 2014

Car industry in Slovakia bemoans lack of highway and state of education

PROBLEMS that are inhibiting the auto industry’s further development in Slovakia include the absence of a highway connecting the west and the east of the country, a lack of qualified workers and a dearth of links between science, innovation and the sector’s needs, representatives of the Slovak Automotive Industry Association (ZAP) told the press on April 14, after meeting with subcontractors in Košice and Prešov Regions.

15. apr 2014

Yegorov succeeds at Constitutional Court

THE CONSTITUTIONAL Court has issued a second ruling confirming that the personal rights of Volodymyr Yegorov, charged with several murders, were violated during the proceedings held in Slovak courts. The court, however, has not granted him financial compensation, the TASR newswire reported on April 15.

15. apr 2014

Harabin to reportedly run for re-election

SUPREME Court President Štefan Harabin will allegedly run for another term in his post, the Sme daily reported in its April 15 issue. The daily refers to an announcement it received in which Harabin gives his written consent to his candidacy for re-election to the post. The election will take place on May 19.

15. apr 2014

Slovakia must absorb €5.477 billion from EU by end of 2015

IN THE 2007-2013 programming period, Slovakia still needs to absorb €5.477 billion from European Union funds until the end of 2015. This is 47.14 percent of the total allocation of €11.619 billion, the SITA newswire reported.

15. apr 2014

RegioJet wants IC trains in Slovakia

THE LARGEST private train carrier in the Czech Republic and Slovakia, RegioJet, officially started its preparations for entry into national long-distance transport in Slovakia, the SITA newswire reported.

15. apr 2014

Christian groups unhappy with draft human rights strategy

AS A RESULT of manipulations that took place in preparing the National Strategy for the Protection and Support of Human Rights, the strategy has become an ideological document that does not respect the opinion of a large part of the society, representatives of Christian NGOs claimed at a joint press conference on April 14.

15. apr 2014

Ukraine-Slovakia meeting over reverse gas flow to be held in east Slovakia April 15

REPRESENTATIVES of Eustream and Ukrtransgaz will meet on April 15 in Veľké Kapušany, in eastern Slovakia. The meeting will be attended by representatives of the European Commission (EC), Slovak Economy Minister Tomáš Malatinský and Ukrainian Energy Minister Yuri Prodan, Eustream’s spokesperson Vahram Chuguryan wrote in an official press release.

15. apr 2014

Deflation continues in March as expected by NBS

CONSUMER prices fell by 0.1 percent on an annual basis in March, the Slovak Statistics Office reported on April 14. The continued deflation was in line with the expectations of Slovakia's central bank, the NBS, the TASR newswire reported.

15. apr 2014

Hundreds of thousands refugees could come from Ukraine, says expert

IF A local war were to break out in Ukraine, Slovakia could face an influx of hundreds of thousands of refugees, which is much more than the country is able to take in, according to Interior Minister Robert Kaliňák.

14. apr 2014

EuroGas almost doubles compensation claim against Slovakia

EUROGAS is upping its claim in the ongoing dispute with Slovakia for taking a talc quarry site in Gemerská Poloma in Košice Region away from the company, the TASR newswire reported.

14. apr 2014

Procházka reveals names of prep committee members

INDEPENDENT MP Radoslav Procházka unveiled two members of a preparation committee for his new political party in Banská Bystrica on April 13, the TASR newswire reported.

14. apr 2014

Slovaks plan to spend more this year

SLOVAKS are ready to spend more this year despite the fact that they expect Slovakia’s economic situation in general terms to deteriorate. This follows from a recent survey called Barometer Cetelem 2014, the TASR newswire reported.

14. apr 2014

Suspension of EU funds possible, admits official

SLOVAKIA may indeed face suspension from drawing EU funds, but it is premature to discuss the issue at this point, Deputy Prime Minister for Investments Ľubomír Vážny said on Slovak Radio's political talk show on April 12.

14. apr 2014
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