Spectator on facebook

Spectator on facebook


Cabinet passes plan to attract investors

The Slovak government approved a strategic plan for attracting more foreign direct investment (FDI) into the country, the government said in a communiqué on March 9.

"The government has set the stimulation of the inflow of foreign investment as one of the primary aims of its work," the communiqué said.

The statement included few concrete details on incentives but said the government would "improve the import duty process...(and) simplify and expedite the granting of construction permits." It added that it had determined the criteria for "tax breaks on corporate income taxes, the value added tax, import duties and others." The statement did not elaborate.

Under the cabinet of former Prime Minister Vladimír Mečiar, who was voted out of power last October, investors shied away from Slovakia because of the perception of high political instability. By the end of 1998, cumulative FDI in Slovakia since the end of communism was only a little over $1.0 billion. In per capita terms, the Czech Republic has received around four times as much.

Top stories

General Prosecutor filed a motion for the dissolution of ĽSNS

The Slovak Supreme Court received a motion to dissolve the extreme right ĽSNS party founded and led by Marian Kotleba.

Jaromír Čižnár

Russian spies allegedly recruit also Slovaks

They are using martial art clubs in Germany and dozens more in other EU states, in the Western Balkans, and in North America.

Illustrative stock photo

EC scrutinises state aid for Jaguar Photo

There is a question whether the scrutiny may impact the carmaker’s plans to invest in Slovakia.

The construction site of a brand new plant of Jaguar Land Rover near Nitra.

GLOBSEC forum will host guests from 70 countries

The 12th year of the conference will be attended by the highest number of participants in its history.

Slovak President Andrej Kiska gives the opening speech of The Globsec 2016 security conference.