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IN SHORT BUSINESS

Cabinet approves revision to retail chains law

THE LAW on retail chains, which prevents large chains from misusing their economic power in relation to suppliers, is to be revised. The cabinet approved a draft amendment to the law on May 13, but it must still pass parliament.

The European Commission has strongly criticised the law in the past, claiming it discriminated against retail chains. After the cabinet meeting, Eva Šimková, state secretary of the Economy Ministry, stated that the current form of the draft revision would be a compromise between the positions of Slovakia and the EU, the news wire SITA wrote.

The draft redefines the economic power of retail chains. In the original law, businesses were defined as abusing their market position if their market share exceeded 5 percent or their annual turnover, or was higher than Sk1.5 billion (€37 million). The current draft no longer uses these numbers to define the power of retail chains.

Top stories

EC scrutinises state aid for Jaguar Photo

There is a question whether the scrutiny may impact the carmaker’s plans to invest in Slovakia.

The construction site of a brand new plant of Jaguar Land Rover near Nitra.

Vote-buying scandal lands village mayor in court

Some Roma claiming the mayor of Gemerská Poloma, Miroslav Michalka was buying votes, have changed their testimonies.

Stanislav Kučerák (blue shirt) is a key witness in the vote-buying case.

Police president refuses the proposals of students

He turned down their suggestions for a public debate but invites them to talk about corruption at the Police Corps Presidium.

Police President Tibor Gašpar

How to sell Slovak books to English readers

Slovak literature makes it to the big bookstores of London, but it is unlikely to become a bestseller yet.

On Wednesday, Slovak literature will be presented in one of the biggest bookstores in London. Among the new books translated into English is also the anthology of current Slovak prose selected and translated by Magdalena Mullek and Júlia Sherwood.