Spectator on facebook

Spectator on facebook


Builders call for state support

REPRESENTATIVES of Slovakia's building sector have criticised Slovakia's plans to reduce current government incentives for housing construction.

According to the Association of Construction Entrepreneurs head František Slávik, Slovakia has only 310 flats per 1,000 residents, compared to an EU average of 400, negatively influencing young families and limiting labour force mobility.

The association, along with other trade and employment groups, is proposing that the government preserve supports for housing construction such as the State Housing Development Fund (SFRB) and bonuses for mortgage loans and housing construction savings accounts.

These state support mechanisms have been targeted for reduction in the draft budget proposed by Finance Minister Ivan Mikloš (see article, this page).

The group of associations is also proposing the adoption of principles for indirect support of housing development with an emphasis on reconstruction, revitalization and thermal insulation of older concrete block apartments.

Slávik said that Slovakia's construction sector compares unfavourably to those in EU countries. Employment in the sector is less than 5 per cent of the Slovak workforce, while it reaches 10 per cent in the EU. Furthermore, said Slávik, the Slovak construction sector accounts for only 4 per cent of GDP, while in the EU it can reach up to 12 per cent.

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.