Spectator on facebook

Spectator on facebook


Alcohol, tobacco and fuel tax increased

The Slovak government increased the tax on alcohol, tobacco and fuel on November 10. The tax hikes were designed to support revenues in the 2000 budget, the cabinet said in a statement on November 8.

Deputy Prime Minister for Economy Ivan Mikloš said last week that the new tax measures would be implemented to compensate for the previous scrapping of a motor vehicle tax. Slovak media had criticised the vehicle tax proposal because taxes for vehicles would have risen based on engine size and fallen with car age, regardless of the vehicle's price or environmental impact.

The government said it wanted to pass the 2000 budget by November 10 in order to give parliament enough time for deliberation and approval of the budget before the end of the year. The 2000 budget sets a deficit of 18 billion crowns, or 2% of gross domestic product, on revenues of approximately 192 billion Slovak crowns and expenditures totalling 210 billion crowns.

Top stories

Slovaks drink less and less

Behind the decline in alcohol consumption is, for example, the abandoning of the habit of drinking at work – typical especially during communism, according to an expert.

Kiska: Even Europe has its aggressive neighbour

President Andrej Kiska addressed UN commenting poverty, instability and climate change.

President Andrej Kiska

Arca Capital enters the banking sector

Czech and Slovak financial group acquires a majority share in Austrian private bank Wiener Privatbank.

Bank, illustrative stock photo

Ryanair cancels some flights from and to Bratislava

The Irish low-cost airline publishes full list of cancellations

Irish budget airline Ryanair is believed to be cancelling up to 50 flights every day over the next six weeks because it "messed up" its pilots' holiday schedules.