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NEWS BRIEFS

Coalition slows down tax reform

THE PARTIES of the ruling coalition have agreed to the request of town authorities not to cut state funding for local public transport. To be able to support local bus networks, the government will preserve real estate transfer taxes and road tax.

"That's life," Finance Minister Ivan Mikloš commented on the political decision. However, he also admitted that he has some alternative proposals.

Real estate agencies are likely to lash out at the idea of preserving taxes from transferring real estate. It will have the effect of sellers officially indicating ten-year-old prices when selling real estate, experts say.

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State insulation falls behind expectations, ministry widens support

Only 134 homeowners in the first round and 62 in the second applied for a subsidy via the insulation programme.

Only 134 homeowners in the first round and 62 in the second applied for a subsidy via the state insulation programme. Illustration stock photo

Fee has a negative impact

Practice shows that municipalities will require investors to pay the fee for development from their own budgets and at the same time to also cover the so-called induced investments.

Some municipalities want to re-think the fee.

Kysuce inhabitants block busy road in protest

The blockade caused traffic collapse.

Discovery made hard mining work more efficient

Gunpowder was used to blow up the rock for the first time in the Upper Bieber adit for the first time 390 years ago.