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ECONOMIC BRIEFS

Slovakia wins import surcharge defence at WTO

The committee for balances of payments at the World Trade Organisation (WTO) ruled on September 21 that Slovakia had been justified in increasing its import surcharge from zero to 7% as of June 1. The committee recognised that the import surcharge was part of a package of measures designed to stabilise Slovakia's macroeconomic situation, and called the surcharge a painful but necessary step.

The surcharge should remain at 7% until December 31, 1999, when it will be lowered to 5%. From July 1, 2000 it will drop to 3%, and will be eliminated on January 1, 2001. The import surcharge first applied to approximately 80% of Slovakia's imports, but exemptions later lowered this figure to 70%.

Top stories

Emergency declared in Prešov after Sunday storm Video

A powerful storm swept through the city on July 23.

Strong storm hit prešov on July 23.

Slovak water slalom racers won seven medals

Young Slovak talents made the hearts of sports fans race with their performance at the World Championship in water slalom.

Marko Mirgorodský

Austrian Ambassador: The normalisation of our relations has grown

Most people want the EU to exist in the future – we just have to mobilise this majority and not take things for granted, says Austrian Ambassador to Slovakia Helfried Carl in an interview with The Slovak Spectator.

Austrian Ambassador Helfried Carl

Fico for better fish fingers

It’s true that in the past four months, Mr Fico has been comparatively less busy than his Visegrad Group partners.

Austrian fish fingers angered PM Fico.