Finances and Advisory, page 2

Investment and taxes in Slovakia

People lease mostly cars.

Leasing deals on the rise

The market was driven mostly by vehicles, while the financing of machines, devices and technologies dropped compared with the previous year.

Government introduces new measures to fight tax fraud

They should address the new forms of tax evasions.

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Payment discipline in Slovakia improves

The improvement in the services sector may bring several positive impacts.

New €50 banknote

Slovaks can now use new €50 banknotes

The older series of banknotes will still remain in circulation.

UniCredit Bank branch in Bratislava

UniCredit considers selling Czech and Slovak divisions

The bank has not yet confirmed the rumours.

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Slovaks know basics about products

More than one-third of Slovaks fully rely on their knowledge about current and savings accounts, insurances, loans and investments.

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EU opens e-payment market to IT giants

People should benefit from stronger competition, faster and cheaper payments and higher security.

The National Bank of Slovakia

NBS checked non-banking firms

Some 300 violations of the new rules, which also include the duty for non-banking firms to have licence for their business, have been revealed since 2015.

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Interest rates remain low

Cheap mortgages still attract clients, but the new rules set by the central bank may change the current situation.

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Slovakia has more payment cards

Also the number of transactions made by payment cards increased in annual comparison.

Fixed-rate mortgages are popular in Slovakia.

Slovak loans belong to the cheapest

The only countries with cheaper one- to five-year fixation mortgages at the end of last year were Germany, France, Austria, Finland and Luxembourg.

The use of smartphones is on the rise.

Mobile apps become ordinary service

Smartphone applications bring additional value to internet banking via faster access and higher security.

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Young people to prepare for changes

Some observers call for scrapping the state-subsidised mortgages for the young.

VAT collection efficiency is improving

Financial Administration sees measures taken to combat tax frauds and evasion as behind the improvement.

The visualisation of the Stanica Nivy project

Finally a Slovak among billionaires

Ivan Chenko from the real estate developer HB Reavis with assets of $1.1 billion is on the Forbes billionaires list.

Prima Banka may complete takeover of Sberbank Slovensko in late July

Prima Banka will then become the number three on the Slovak market in terms of the number of its branches.

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Companies will pay less

The corporate income tax dropped from 22 percent to 21 percent.

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Firms will flee to tax havens

The actual number of companies registered in tax havens may be much higher than statistics suggest.

Finance Minister Peter Kažimír

SK PRES saw action on fight against tax evasion

Several measures to tackle tax avoidance passed at the EU level, coming here soon.

Volkswagen Slovakia in Bratislava.

Capital to tax non-Bratislavans more

The city authorities increased the fee from €1.65 to €1.70 a month.

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