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IN SHORT BUSINESS

Pension reform on track

JANUARY 1, 2005 will mark the start of the pension reform in Slovakia, when citizens will be able to assign part of their pension insurance payments to their personal accounts in private asset management companies, the SITA news wire reported on December 16.

The news comes after the parliament's passage of the pension savings law, which introduces the pension system's capitalization pillar. Capitalization pillar funds will be the private property of citizens and will be inheritable in the event of the policyholder's death. Revenues in the capitalization pillar will not be taxed.

Top stories

Problematic highway stretch, Turany-Hubová, will go via Korbeľka tunnel

This variant is more environmentally friendly compared with the surface variant originally planned.

Landslide during construction of the highway near Šútovo in 2013.

Talent is not always enough - sport is an expensive hobby

Promising young athletes often do not have the chance to bring their talent to the next level due to lack of funds.

Slovakia remains unknown in convention business

Ten MICE events in 2017 should bring almost €6.5 million to Bratislava.

The GLOBSEC security forum is one of the regular MICE events in Slovakia since 2005.

Adient technology centre announces major growth phase

It is looking for product designers, engineers and test technicians.

Designing new components in Adient in Trenčín.