BUSINESS BRIEFS

Tax evasion robs the state of billions

THE GREY economy accounts for 12 to 15 percent of the gross domestic product, while tax evasion makes up a considerable part of its losses.

Cigarette producers estimate that the evasion of excise taxes on tobacco products amounts to SKK 1.7 billion (€40.5 million), while 10 percent of all cigarettes in circulation are smuggled into the country.

Evasion of excise taxes on spirits is estimated at about SKK 1.2 billion (€28.6 million), as 30 percent of spirits currently available on the market are untaxed.

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Slovakia orders a curfew and embarks on its COVID experiment

High turnout in testing in four northern districts, decision awaited on extending the project to the nation. Prison for a prominent prosecutor and parliament's speaker injured.

Waiting for the results of COVID tests during the pilot phase of the nationwide testing in the town of Nižná in Orava, northern Slovakia.

No balanced budget for next three years, this time due to COVID-19

2021-2023 general government budgets lack consolidation measures.

Finance Minister Eduard Heger

Pity the nation

Americans’ choice of president on November 3 will affect Slovaks too.

The second US presidential debate.

Extension of the tram line deeper into Bratislava’s Petržalka is closer to completion

After completion, passengers will be able to go from the very end of Petržalka to the city centre in 10 minutes.

The current tram terminal station on Jungmannova Street in Petržalka.