Cabinet retreats from taxing monopolies

A PROPOSED HIGHER tax on monopolies and the re-introduction of a tax on dividends - measures that were among the pillars of the economic programme of the ruling Smer party before June 17 elections - now seem unlikely to be introduced.

The country's new finance minister, Ján Počiatek, told the daily SME on July 9 that "personally I think this [tax changes] is not effective."

Počiatek was also careful in his statements on the proposed introduction of a lower value added tax (VAT) bracket on selected goods. He said the maximum extent to which the VAT tax could be dropped was determined by the need to protect the country's "ability to fulfill all binding criteria for adoption of the euro in 2009".

Počiatek has even acknowledged the positive results of the previous government's economic programme. "Smer did not criticise the economic successes of the country but the absence of a social dimension and deepening regional disparities and differences among social classes," he said.

When asked whether he felt like a left-wing economist because he had been nominated to the government by the socialist Smer party, Počiatek said: "I am not a fan of categories, and I would not shelve myself into any scheme. I consider myself a pragmatist."

Top stories

The interactive exhibition Elements of Art is dedicated to the 70th anniversary of the Žilina Music Conservatory on November 18, 2021.

Weekend: US basketball players score big in Slovakia

A potential Christmas present, one hike, nice sports stories, and more. Dive into reading this week's roundup.


26. nov

News digest: Employers finally get manual for employee Covid testing

Bratislava starts the Christmas season online and the refurbishment of one of the biggest fountains in Slovakia. Tatra ski resorts have switched on their snow-making machines.


26. nov
Christmas trees began appearing in the squares during the First Czechoslovak Republic and there is a touching Christmas story behind it.

Lockdown for just two weeks? Forget it, say experts

The experts advising the government expect some rules may lift before Christmas, but only for the vaccinated.


26. nov
Chicago Blackhawks right wing Marián Hossa prepares for a face off against the Florida Panthers during an NHL hockey game in March 2017.

The (in)conspicuous superstar that had to suffer to achieve great things: Marián Hossa

The Slovak hockey player has been inducted into the Hockey Hall of Fame.


25. nov
Skryť Close ad