IN SHORT BUSINESS

Steel compromise in sight

THE EUROPEAN Commission will accept the overproduction of steel in Slovakia for this year, provided that the Slovak cabinet and U.S. Steel Košice agree to cut the cabinet's incentives for the steel giant.

Following a visit to Brussels, Deputy PM for EU Integration Pál Csáky said that the firm was inclined to accept such a solution. The position of U.S. Steel was not available.

As part of its negotiations with the EU, Slovakia agreed last year to limit the production of steel by U.S. Steel Košice to three percent more than its 2001 production level, at which the firm produced just over four million tonnes of raw steel.

Last year, however, output went up by 8 percent to 4.4 million tonnes, and this year it is expected to reach five million tonnes, reported the Slovak daily Hospodárske noviny.

Get daily Slovak news directly to your inbox

Top stories

People with negative tests can go to hairdresser or outdoor terraces

Those with a negative test result will have to follow rules introduced on October 15.

Companies fear drop in demand for their products and services the most

International chambers of commerce asked companies about their current situation as well as expectations.

Companies implemented anti-coronavirus measures.

News digest: The Gale targets corruption, cabinet officially prolongs curfew

Slovakia learned about biggest corporate taxpayers, the president signed laws changing the minimum wage and 13th pensions. Read the latest news overview.

Mobile testing units were built in the Hviezdoslavovo Square in Bratislava.

The big testing: When and where to show up, and what if I don't want to? (FAQ)

Here is what we know about the practicalities of the nationwide testing so far. Testing also applies to foreigners and diplomats in Slovakia.

Pilot testing in Bardejov