State debt hits record

SLOVAKIA had the highest state debt in its history, €42.3 billion or 58.4 percent of GDP in late March, based on the Eurostat statistics. The debt increased by 3 percentage points y/y. The Finance Ministry says that the debt increased because the state managed to borrow money from investors for low interests. It expects that the debt will return to near to 55 percent of GDP by year’s end. If the debt were to exceed 57 percent at the end of the year, the so-called debt brake would automatically kick in and force the government to have a balanced budget next year, meaning billions in spending cuts.

28. jul 2014

AWS investing in Orava region

BRITISH company AWS continues to extend investments and production in northwestern town of Námestovo, the Orava region.

28. jul 2014

ÚĽUV launches website presenting folk costumes

THE CENTRE for Folk Art Production (ÚĽUV) has opened a new electronic encyclopaedia presenting traditional Slovak folk costumes. It is the first and only document of this kind in Slovakia, the SITA newswire reported.

28. jul 2014
R. Deacon: All Sorts

UK cultural exports a hit with Slovaks

BRITAIN’S culture and lifestyle have found a receptive audience in Slovakia. The year 2013 brought a milestone marking the 20th anniversary of relations between independent Slovakia and the UK, resulting in a range of British cultural events.

28. jul 2014

Keeping it in the kitchen

THOSE who thought Radoslav Procházka, the right-leaning political star with an inflated ego and lofty ambitions, would bring a new, distinctive political culture to Slovakia, were wrong. His brief performance as caretaker of the non-parliamentary party Sieť suggests that he too believes that whatever is cooking with financing political campaigns is best kept locked away in the kitchen. Voters don’t need to know how the sausage is made so long as they like the taste, the thinking goes.If there were ever a requirement for somebody espousing a new way of doing politics it would be to change this practice. The tradition of an open and transparent political sponsorship is almost non-existent and in Slovakia, the quagmire of campaign finance has dragged down even politicians who actually make contributions to the country’s progress through reforms. But they are always remembered for failing to keep the books of their parties clean and transparent.

28. jul 2014

Chemical firm seeks record tax relief

THE RECORD tax relief which the chemical company Duslo Šaľa is requesting from the state to keep its production in Slovakia has raised criticism among the opposition as well as economic analysts. They see this state assistance not only as a non-systematic form of aid but also say it points to business connections between current Economy Minister Pavol Pavlis and tycoon and Czech Finance Minister (of Slovak origin) Andrej Babiš, who owns the company. The Pharmaceutical and Chemical Industry Association says the assistance is needed because of the current situation in the chemical market in Europe.

28. jul 2014
28. jul 2014
Pavol Hrušovský

Hrušovský might fill top NKÚ post

FAILED presidential candidate Pavol Hrušovský might wrap up his political career with the prestigious post as head of the government audit office – a job that has remained vacant for the past two years.

28. jul 2014
Radoslav Procházka faces accusations again.

Procházka confirms recording

HALF A million euros. That is the amount Radoslav Procházka quoted when asked by Igor Matovič about the costs of his presidential campaign, on a recording that has been anonymously published on the internet. Officially, Procházka’s campaign costs are half that sum, and the emerging leader of the centre-right denies that it could be otherwise.

28. jul 2014

Guides and their clients

IT WOULD be interesting to know whether these tourists back in 1937 ventured on a mountain climb with a mountain guide, or on their own. Given the difficult terrain of Východná Vysoká in the High Tatras, it is likely that this group of hikers was led by an experienced mountaineer, and that this photo was taken by the guide himself.

Branislav Chovan 28. jul 2014

Nová Baňa citizens protest against metal festival

SOME inhabitants of Nová Baňa, Banská Bystrica Region, have been fighting the biggest heavy metal music festival in Slovakia, Gothoom, scheduled for mid-August. After the representatives of the town did not accept their request to stop it, they turned to the district prosecutor’s office in Žiar nad Hronom.

28. jul 2014

Terchová landslides: Costs to remove damage estimated at €2 million

REMOVING debris and repairing damage caused by Monday’s devastating flood in Vrátna Dolina in Žilina Region will take the Slovak Water Management Company (ŠVP) between two to three months, with the costs estimated at €2 million, Environment Ministry State Secretary Vojtech Ferencz said on July 24.

25. jul 2014

People in Slovakia work four hours to cover basic shopping expenses

A SLOVAK earning an average wage has to work almost four hours to do common shopping worth €20, according to a Poštová Banka analysis.

25. jul 2014

Čižnár: My election as general prosecutor was lawful

GENERAL Prosecutor Jaromír Čižnár maintains that his election to his post in June of 2013 was lawful and that Jozef Čentéš’ rights were not violated in the vote. Čižnár’s statements came after a decision by the Constitutional Court, which received a complaint on July 23 by general-prosecutor-elect Čentéš.

25. jul 2014

Slovak soldiers under fire in Afghanistan; no injuries reported

SLOVAK soldiers in Afghanistan came under fire at the Kandahar Air Field base on the morning of July 24, but none of them suffered injuries.

25. jul 2014

SDKÚ’s Nesrovnal may run for mayor under Procházka’s Sieť

IVO Nesrovnal, a deputy in the municipal council of Bratislava for the Slovak Christian and Democratic Union (SDKÚ), might run for the post of Bratislava mayor for Radoslav Procházka’s recently founded Sieť party.

25. jul 2014

Polish tourist died near Terchová

A dead body of a 38-year-old Polish tourist, who likely was struck by lightning, has been found near the municipality of Terchová in the Malá Fatra mountains, Mountain Rescue Service (HZS) reported on its website on July 24.

24. jul 2014

EuroGas complains about Slovakia violating the EU Treaty

The US company EuroGas filed a complaint with the European Commission (EC) about Slovakia allegedly having violated several provisions of the Treaty on the European Union.

24. jul 2014

Švecová will be the first candidate for Supreme Court head

Daniela Švecová will be the first of candidates nominated to run for the post of Supreme Court’s chairperson. The Judges’ Council of the Regional Court in Trnava adopted this resolution on July 23, and by the end of this week, it will file the proposal.

24. jul 2014

MVK poll: Bratislava favours Smer in municipal politics

Ahead of municipal elections in the fall Smer is the most popular party in Bratislava, according to a MVK poll conducted between July 18 and 21 on 802 respondents with permanent residence in the Slovak capital.

24. jul 2014
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