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BUSINESS BRIEFS

Coalition crisis takes toll on crown

EVEN optimistic trade figures could not give the Slovak crown enough muscle to strengthen against its euro benchmark.

Ľudová banka analyst Mário Blaščák thinks that policical bickering in the ruling coalition and the adoption of a controversial revision to Slovakia's abortion law have taken their toll on the Slovak currency. Any of the parties dropping from the coalition would shake investor confidence in reform processes, Blaščák explained.

Juraj Kotian from Slovenská sporiteľňa bank sees the key to restoring calm in the hands of President Rudolf Schuster, who can still veto the abortion law.

Top stories

Germans will distribute cars from Nitra’s JRL plant

The state-run freight carrier Cargo did not succeed in its bid, but is still discussing the distribution of suborders with the German firm.

Jaguar Land Rover’s construction site

Ministry: Law against puppy farms affects honest breeders

The recently passed law, clamping down on puppy farms will have serious consequences for honest dog breeders and state employees.

Illustrative stock photo.

Mihál leaving SaS

Behind his decision is disagreement with the stances of party chair Richard Sulík.

Jozef Mihál (l) and Richard Sulík (r)

Office space expected to grow

The growing economy and falling unemployment rate create a good environment for the growth of companies already established in Slovakia, but also for the arrival of new ones.

The Zuckermandel project