Spectator on facebook

Spectator on facebook

BUSINESS IN SHORT

Banking fees to go up again

SLOVAK banks have been increasing their fees on a monthly basis since January 2012, and August will be no exception, the Sme daily reported on July 15, when five banking institutions plan to increase their fees.

SLOVAK banks have been increasing their fees on a monthly basis since January 2012, and August will be no exception, the Sme daily reported on July 15, when five banking institutions plan to increase their fees.

Three banks, VÚB Bank, UniCredit Bank and ČSOB will hike fees for certain service packages in an effort to make new services more attractive.

Although the banks deny that the continual rise in fees is motivated by the increased bank levy (requiring banks to pay the state €175 million within two years) introduced by the Robert Fico government, analyst Vladimír Baláž of the Slovak Academy of Sciences suggested for Sme that it might be so.

The Slovak Banking Association has already argued that the tax is six times higher than the average rate in the European Union, Sme reported, and it will be the highest in the EU after Hungary cancels its banking tax as of next year.

The banks, on the other hand, argue that the higher fees are a result of lower revenues from fees, irregular loan activity of retail and corporate clients, and introduction of new technologies that the banks had to invest in.

Top stories

EU roaming fees to end on June 15 – in theory

Slovak customers still waiting to find out how mobile operators will implement change.

Archaeologist pieces together early history of what is now western Slovakia Photo

For an archaeologist, the most important thing is his most recent rare discovery, says Július Vavák.

Students visited Svätý Jur as part of their European Wanderer project

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.

General Prosecutor filed a motion for the dissolution of ĽSNS

The Slovak Supreme Court received a motion to dissolve the extreme right ĽSNS party founded and led by Marian Kotleba.

Jaromír Čižnár