September - The year in business

VAT increased – On September 3 the cabinet approved a 1 percentage-point hike in Slovakia’s value added tax to 20 percent beginning in 2011 as part of the government’s austerity package. VAT will remain at that level until the public finance deficit falls under 3 percent of GDP. The proposal was subsequently passed by parliament and is one of several measures designed to save the state €1.7 billion through a combination of tax increases and expenditure cuts.

The new pressure vessel at Mochovce 3.The new pressure vessel at Mochovce 3. (Source: Courtesy of SE)

VAT increased – On September 3 the cabinet approved a 1 percentage-point hike in Slovakia’s value added tax to 20 percent beginning in 2011 as part of the government’s austerity package. VAT will remain at that level until the public finance deficit falls under 3 percent of GDP. The proposal was subsequently passed by parliament and is one of several measures designed to save the state €1.7 billion through a combination of tax increases and expenditure cuts.

First PPP package is killed – Transport Minister Ján Figeľ decided not to prolong the deadline for financial closure of the first PPP package for the construction of five sections of the D1 highway between Martin and Prešov. Figeľ explained that Slovenské Diaľnice, the concessionaire, which was to build and operate the 75-kilometre highway section for 30 years, was unable to ensure the project’s financial closure by August 30 and the deadline had been postponed several times by his predecessor without success.

Mochovce reached milestone – The Mochovce nuclear power plant, owned by Slovenské Elektrárne (SE), the country’s primary power producer, completed installing the pressure vessel for a third nuclear reactor on September 7. SE plans to put the third unit of Mochovce into operation at the end of 2012; a fourth unit will come online in 2013. After completion of Mochovce units three and four Slovakia will have six nuclear reactors generating power, all owned by SE: the four in Mochovce, known as EMO, and two in Jaslovské Bohunice known as V2.

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Slovakia orders a curfew and embarks on its COVID experiment

High turnout in testing in four northern districts, decision awaited on extending the project to the nation. Prison for a prominent prosecutor and parliament's speaker injured.

Waiting for the results of COVID tests during the pilot phase of the nationwide testing in the town of Nižná in Orava, northern Slovakia.

No balanced budget for next three years, this time due to COVID-19

2021-2023 general government budgets lack consolidation measures.

Finance Minister Eduard Heger

Pity the nation

Americans’ choice of president on November 3 will affect Slovaks too.

The second US presidential debate.

Extension of the tram line deeper into Bratislava’s Petržalka is closer to completion

After completion, passengers will be able to go from the very end of Petržalka to the city centre in 10 minutes.

The current tram terminal station on Jungmannova Street in Petržalka.