Italians selling shares in Kosit

ITALIAN shareholders are leaving the Košice-based waste management company Kosit. They are selling their 66-percent stake in Kosit to the investment group Wood & Co for over €14.2 million, the SITA newswire wrote on June 16. The city of Košice, which holds the remaining 34 percent stake, has not used its pre-emptive right, but has kept its minority stake. The whole transaction is taking place under the auspices of UBS bank. Until the whole transaction is over, Italian investors cannot provide any detailed information.

14. jul 2014
Štefan Harabin

Harabin's shuffling haunts judiciary

BACK IN 2009, then supreme court president Štefan Harabin changed the composition of a Supreme Court senate which looked into complaints against the decisions of ministries and state offices. The Constitutional Court recently ruled that his decision violated the right of railway freight carrier Cargo to a randomly selected judge, the Sme daily reported, suggesting that the senate’s rulings are now vulnerable to further challenges.

14. jul 2014

Italian seniors drawn to Bystrica

A DELEGATION of Italian businesspersons from Rome, Milan, Bari and Sicily visited Banská Bystrica in May to explore possibilities of cooperation with local businessmen and the city management in tourism and to draw more Italians to this region, the TASR newswire wrote.

14. jul 2014

Court confirms 25 year sentence for Slovakia’s first ever terrorism trial

A MAN sentenced to 25 years in prison for a terrorist attack near a McDonald restaurant in Košice in 2011, had his sentence upheld by July 9 by a Košice district court. The man is the first ever person convicted of terrorism in Slovakia.

11. jul 2014

Smer is country’s wealthiest political party

PRIME Minister Robert Fico’s Smer party had property valued at €11.2 million in 2013, according to information about property management of political parties disclosed in parliament today.

11. jul 2014

Teacher’s push for prosecution of Košice school waste shelved

THE POLICE refused to initiate prosecution based on the criminal complaint filed by Košice secondary-school teacher Oto Žarnay who has alleged wasteful spending at a Košice school.

11. jul 2014

Fitch will no longer rate Slovenské Elektrárne

FITCH ratings agency, which evaluates the credit worthiness of companies, will no longer track Slovakia’s largest power producer, Slovenské Elektrárne. The decision comes in times when company Slovenské Elektrárne, the majority of which is owned by Italian Enel, struggles with the completion of nuclear power plant in Mochovce.

11. jul 2014

Italian journalist based in Slovakia is stabbed

ITALIAN journalist Antonio Papaleo who participated in revealing a Slovak scheme of money laundering was stabbed during his holiday in Thailand on July 3. He survived the attack and is recovering in hospital under police protection.

11. jul 2014

IVO: Kiska raised quality of democracy

QUALITY of democracy increased by 0.1 point to 3.1 second quarter of 2014 while in scale 1-5 the one means optimal quality of democracy. It is a result of first actions of new elected President Andrej Kiska.

10. jul 2014

Babiš’s Duslo Šaľa seeks record tax relief

The chemical company Duslo Šaľa from the portfolio of the tycoon and Czech Finance Minister (of Slovak origin) Andrej Babiš can get from Slovakia the highest tax relief in the last 12 years.

10. jul 2014

Kiska swears in Baricová as Constitutional Court justice

Recently, the term of three Constitutional Court justices has expired; and the Slovak parliament proposed six candidates to select their successors from. President Andrej Kiska chose a single justice to be appointed, Jana Baricová.

10. jul 2014

Government approves Chovanec as Economy Ministry state secretary

Rastislav Chovanec takes over as Economy Ministry state secretary July 10, according to an Economy Ministry document that was approved by the government a day earlier.

10. jul 2014

SDKÚ’s “small Roma reform” fails in parliament again

The opposition Slovak Democratic and Christian Union (SDKÚ) proposes a set of measures, so-called “small Roma reform”, which its initiators claimed would result in better law enforcement for all and a situation in which it pays to work. Tabled for a fourth time, it failed again to gainpassage in parliament on July 9.

10. jul 2014

Slovak and Czech presidents meet in Prague

On July 9, Slovak President Andrej Kiska left for his first official bilateral foreign visit since taking office three weeks ago; his first steps led to Prague where he was received by his Czech counterpart Miloš Zeman.

10. jul 2014

Foreign-trade surplus at €305.9 million in April, €465 million in May

Slovakia’s foreign trade posted a surplus of €305.9 million in April of this year, which was €242.9 million lower than the figure recorded in April 2013, the Slovak Statistics Office (ŠÚ) announced on July 9.

10. jul 2014

Industry grows quickly thus far in 2014

Industrial production in May grew 6.1 percent year-on-year after adjustment due to number of working days.

10. jul 2014
Water to come under constitutional protection.

Water exports may be banned

RESPONDING to a populist outcry, the ruling Smer party is considering adding a ban on exporting water into the country’s constitution. It would come with an exception for humanitarian emergencies, and the policy represents a sudden turn from discussions that have taken place in parliament in recent weeks.

and 1 more 10. jul 2014

Voda

YOU would almost think Slovakia was a desert nation. Yet the only droughts the country is suffering from are intellectual.

10. jul 2014

Exploring Krásnohorská Cave

With a helmet and headlamp, anybody can become an explorer at Krásnohorská Cave. But that’s not everything the region can offer. The Košice region offers six caves that are fully open to the public, all are inscribed on the UNESCO natural heritage list: Domica, Gombasecká, Jasovská, Krásnohorská, Dobšinská Ice and Ochtinská Aragonite caves.

9. jul 2014

Italian EU presidency vows to fight youth unemployment

ITALY aims to focus on solving the problem of youth unemployment across the whole of Europe while presiding over the Council of the European Union for the next six months.

9. jul 2014
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