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Fears over bankruptcy wave disappear

Slovakia registered only 301 bankruptcies during the first half of this year after 638 in 2000, quieting fears of a wave of business failures following an amendment to the Bankruptcy Law last year.

The amendment ostensibly cuts down on the time taken for bankruptcies and gives creditors more powers in bankruptcy procedures.

Institutions such as the World Bank and IMF had criticised the length of time taken for bankruptcies to go through courts before the amendment was introduced.

Top stories

Carmakers in Slovakia produced more than one million cars last year

2018 will be critical for Slovakia’s automotive industry, claim sector’s representatives.

Most cars produced in Slovakia head for export.

Slovaks in the UK do not have to fear Brexit

Brexit itself should not impact the position of Slovaks in the UK, an interim agreement between the European Union and Great Britain suggests.

Brexit, illustrative stock photo

Russians win the Tatry Ice Master 2018 Video

Ice-sculptors worked with a massive 50 tonnes of ice on the weekend of January 12-14; their sculptures remain on display.

The ice scupltures at Hrebienok, Tatry Ice Masters

The Bratislava airport has competition in Vienna

The airport in Vienna, only about 60 kilometres from the Slovak capital, gains 17 new low-cost airliner flights.

Illustrative stock photo