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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.

Top stories

Night life in Bratislava will not end

Councillors for the Old Town adopt new opening hours for pubs, night clubs and restaurants.

Cvernovka's creative talents celebrate first open day at new premises Photo

Bratislava's art and design ateliers from the old yarn-making factory open their doors on May Day.

New premises for Cvernovka

How social networks can earn you a ticket to Germany

Can a status on a social network change someone’s life? Yes, if you write humorous stories about a fictive German ambassador.

Assaf Alassaf (r) talked about his life and his book in Bratislava

New investor to create 500 jobs in Nitra

A company following the Jaguar Land Rover carmaker to Nitra plans to create 500 new jobs and invest €17 million.

Tha Jaguar Land Rover draws also other investors to Nitra.