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June: The top business stories of 2011

Ministry unveils Singapore project. Slovakia’s Economy Ministry unveils what it calls the Singapore project, with the aim to create one of the best global business environments in Slovakia and the best in central and eastern Europe, stating that after the measures are in place a company can be established within two days in Slovakia at a cost of only €1. The ministry also proposes to use more electronic documents in public registries and to simplify administrative procedures in other ways.

Ministry unveils Singapore project. Slovakia’s Economy Ministry unveils what it calls the Singapore project, with the aim to create one of the best global business environments in Slovakia and the best in central and eastern Europe, stating that after the measures are in place a company can be established within two days in Slovakia at a cost of only €1. The ministry also proposes to use more electronic documents in public registries and to simplify administrative procedures in other ways.

UK company arrives in eastern Slovakia. Boxperfect, a company from Essex in the United Kingdom, launches production of gift and presentation boxes for the retail trade sector in the village of Kojšov.

Data centre opens. Slovak Telekom begins operation of its new data centre with 1,200 square metres of server halls in Bratislava, following a €15 million investment.

Biomass power stations ready. Bioenergie, a €60-million investment project by Austrian companies, finishes construction of two biomass power plants, one in Bardejov and one in Topoľčany.

AU Optronics starts production. AU Optronics, a Taiwanese company and one of the largest investors in Slovakia in the past few years, opens its biggest plant in Europe for production of LCD panels in Trenčín. The investment is worth €191 million.

Tax Freedom Day comes earlier. Tax Freedom Day, the day each year when taxpayers finish paying their tax obligations to the government, came on June 3, several days earlier than in 2010, according to an analysis prepared by the Slovak Taxpayers’ Association and the F. A. Hayek Foundation.

Google opens a Slovak office. Google opens an office in Bratislava with the goal of supporting development of electronic selling through education and support of e-marketing, with an emphasis on exporters, entrepreneurs and small and medium-sized businesses. Slovakia is one of only a few countries with five million residents or less to have a Google office.

Top stories

Press freedom is bleeding across our borders

Critical media are always the first targets of populists and press freedom enemies.

I have met dozens of people possessed by Satan, exorcist claims

An exorcist can help a believer to escape their problems but not to solve them, psychiatrist Hunčík says.

Priest and exorcist Ľuboš Václavek consecrates the office of Erika Jurinová (OĽaNO).

End of investigative show a cause for concern

Media freedom watchdogs believe the scrapping of the only investigative show on public-service television is a threat to its independence.

Jaroslav Rezník

Slovakia is 26th on the Employment Flexibility Index

Higher work surcharges will push Slovakia down.