Spectator on facebook

Spectator on facebook

Gov't suspends debate on business bill

The Government has adjourned a debate on the Bill on Inadequate Conditions in Business Relations, which involves the purchase and sales of goods, after the Economy Ministry asked the European Commission for comment on the draft, it was reported later on November 21.

The bill crafted by the economy and agriculture ministries lists conditions deemed inadequate in business relations such as the sales of goods to a final consumer for a price lower than the manufacturing or purchasing price, except in the event of related agreements between suppliers and customers, or the stipulation of a longer period of invoiced payment than 30 days from the delivery of the goods.

Under the bill, supervision of adherence to the law in business relations involving sales of food products will be conducted by the Agriculture Ministry, and in the case of non-food products by the Economy Ministry.

Finding a breach of its provisions, the supervisor will ask the suspected violators for an explanation, and may fine them with penalties ranging from Sk1-10 million (€30,000-300,000). The bill, expected to come into effect as of February 1, 2008, is proposed to be fast-tracked in both Government and Parliament. TASR

Compiled by Zuzana Vilikovská from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

Top stories

Populists are more creative than liberals

The essence of creativity and good governance is about finding a coherent story. When every city gets smart, being a stupid city will be an advantage, says a strategic management expert.

Maciej Kisilowski

Skier Vlhová missed the medal by 0.65 seconds Photo

She competed in the Alpine Combined Slalom for the first time.

Petra Vlhová

Two anniversaries, one enduring relationship

Countless Slovaks and Americans continue to cultivate and renew the strong bonds of friendship between the US and Slovakia through cooperation in the business, technological, cultural, and educational spheres.

US Embassy in Bratislava

Keep your passport at hand on your trip to Austria

There are no internal border controls on the Austrian-Slovak border. Yet, the Austrian police check cars and buses heading to Slovakia.

Slovak police checking cars at the border crossing in Berg, Austria.