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BUSINESS BRIEFS

Flat tax will burden middle classes

THE NEW flat-rate income tax of 19 percent, due to begin in January 2004, will mainly hit the middle classes, according to Pavol Ondriska, analyst with Slávia Capital.

"Workers earning a gross monthly salary of about Sk11,000 (€267) will pay more income tax than now," he said. "In addition, they will face a higher burden of VAT."

VAT will also be set at 19 percent. Ondriska said the group represents about a third of the Slovak population.

Meanwhile, Finance Minister Ivan Mikloš said the new tax rules would be much simpler than the current ones because they would be applied as a new law, rather than as amendments to the current one.

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Bratislava councillors want gambling regulation, not ban

Seventeen councillors do not agree with total prohibition of gambling in the capital, they want to continue in its strict regulation.

Unemployment rate keeps decreasing

Positive development of Slovakia’s economy seen behind the decrease.

European Investment Bank supported Slovakia with €918 million in 2016

2016 was a successful year for the EIB Group in Slovakia, said EIB Vice-President Vazil Hudák.

Vazil Hudák

Slovak film won Generation Kplus section at Berlinale

The film Little Harbour that won the Crystal Bear – beating movies from many other countries - is the work of (mostly) Slovak women.

Director of Little Harbour, Iveta Grófová, with the Cristal Bear