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IN SHORT

Eurofunds considered taxable income

NEW EU rules that govern the obtaining of money from Eurofunds will come into effect as of 2007, the daily SME reported.

The rules stipulate that organizations will have to begin paying tax on money they receive from Eurofunds, with the exception of the European Social Fund.

This may make the obtaining of funding for town and village projects and for non-profit organizations, more difficult. They could also block investment in the construction of roads and railways, and in projects to improve the environment.

Slovakia faces stiff competition from southern European countries for European funding. Slovakia's competitors have more experience in fighting for subsidies.

Top stories

Developers in Bratislava withdraw applications for important investment statutes for their projects

J&T Real Estate and HB Reavis declare continuation in their projects without the statutes.

New development projects are going to change the skyline of Bratislava.

PM Fico before Smer congress: I don’t want to run for president

At the party congress, vice-chairman of the ruling party, Marek Maďarič, has been replaced by Richard Raši. Otherwise, no major changes have taken place.

L-R: PM Robert Fico, outgoing Žilina governor adn Smer vice-chair Juraj Blanár, Culture Minister and resigned vice-chair Marke Maďarič, and his successor in party position, Košice Mayor Richard Raši at Decemebr 9 congress.

Four Slovak firms make it on the list of the fastest-growing IT technology companies

Deloitte has compiled the ranking of the companies for the EMEA region for the 17th time.

Four Slovak software companies made it to the Deloitte’s Technology Fast 500 rankings for EMEA.

Refinery collects used cooking oil

Its partner company processes it into a biofuel component for diesel.

People can dispose of used cooking oil at petrol stations.