BUSINESS BRIEFS

Antitrust draft gets nod from cabinet

At its November 17 session, the cabinet approved a draft legal outline - submitted by the Slovak Antitrust Bureau (PMU) - for the protection of economic competition. Simona Sýkorová of the PMU said the proposal would increase the bureau's independence.

In contrast to the current situation, in which the chairman of the bureau is appointed and dismissed by the government, the new law would have the PMU boss elected by parliament for a fixed term, and would stipulat reasons for possible dismissal. The new law would also extend the list of illegal anti-competitive practices in corporate agreements such as collective boycotting, bid rigging and predatory behavior. On procedural provisions, the draft redefines appeal proceedings.

Get daily Slovak news directly to your inbox

Top stories

Another former police president reportedly charged in a corruption case

NAKA charged eight former high-ranking police, SIS and Financial Administration officials.

Milan Lučanský

Haščák of Penta detained and accused

Dozens of police officers raided Digital Park, the headquarters of the financial group.

Jaroslav Haščák

Economy minister Sulík is the most trustworthy politician regarding solutions to the pandemic

More than half of respondents also think that the government underestimated preparation for the second wave.

Richard Sulík introduces his plan.

Car industry needs to jump on the latest trends

Economy minister promises extensive support for hydrogen technologies in Slovakia.

The Hydrogen Technology Research Centre (CVVT) is to be launched at the end of 2020 or beginning of 2021 in Košice to do R&D in this field.