Tobacco tax to be hiked

The Finance Ministry is planning to raise excise tax on tobacco and related products in order to compensate for a revenue shortfall in next year's state budget.

Finance Minister Brigita Schmognerová said November 16 that revenues would be below target following parliament's recent rejection of a bill to cut the state premium for construction savings from 25 to 20%.

The move will harmonise Slovak excise rates with those of the European Union. Slovakia's rate for tobacco products is 29.4%, whereas the EU's is 57%.

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Stock image.

Twice as many Ukrainians work in Slovakia now than before the Russian invasion.


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"Do ľava," (to the left) I yelled, "Nie, do prava" (no, to the right), I gasped. "Dolšie," I screamed. "Nie, nie, horšie..." My Slovak girlfriend collapsed in laughter. Was it something I said?


Matthew J. Reynolds
Czech biochemist Jan Konvalinka.

Jan Konvalinka was expecting a pandemic before Covid-19 came along.


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