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BUSINESS BYTES

VAT drops a tad

The government approved an amendment to the VAT law on October 24 lowering the top VAT rate from 25 to 23 percent. Tourism and accomodation services will be subject to a 6 percent VAT, while a maximum three-year tax holiday will be granted to businesses constructing new accomodation-type facilities. The new law improves conditions for exporters and halves the sanctions for incorrect VAT payments.

Top stories

EC: Focus on education and labour market

Some recommendations remain the same as last year.

Illustrative stock photo

No Slovaks among the victims of Manchester attack so far

The representatives of Slovakia have expressed their sympathy to the families of the victims.

Police guard close to the Manchester Arena in Manchester, Britain, on May 23, 2017, a day after an explosion.

Slovak paralympic athletes win gold and bronze at World Championship

Three Slovaks became world champions in table tennis in the TM2 category at the World Paralympic Championship in Bratislava.

L-R: Ján Riapoš, Martin Ludrovský in the Slovakia-Taiwan match at the paralympic world championship, May 19.

It's not your Slovakia, Bystrica protesters told Kotleba

President Andrej Kiska spoke to the crowd at the protest gathering, asking Slovaks what kind of country they want to have.