Spectator on facebook

Spectator on facebook

BUSINESS IN SHORT

Slovakia can continue trading with CO2 emissions quotas

SLOVAKIA will be allowed to continue trading with the AAU emissions quotas after the UN commission for evaluating the fulfilment of obligations of the Kyoto protocol announced its decision on July 16.

SLOVAKIA will be allowed to continue trading with the AAU emissions quotas after the UN commission for evaluating the fulfilment of obligations of the Kyoto protocol announced its decision on July 16.

“The decision is a success that shows that the reputation of our country in this area has significantly improved compared to the past,” Environment Minister Peter Žiga said, as quoted by the official press release. Slovakia managed to turn over the negative evaluation from August 2011.

The UN commission officially launched the compliance procedure in May 2012, which could result in Slovakia’s losing the right to trade its emissions quotas AAU (Assigned Amount Units). Slovakia reacted by a number of remedy measures, among them also the creation of the Commission for the Coordination of the Climate Change Policy, the Environment Ministry reported.

Slovakia currently possesses 27 million tonnes of AAU quotas available for sale. The ministry is currently negotiating with potential buyers: Japanese companies as well as two European governments.

Top stories

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

Russian spies allegedly recruit also Slovaks

They are using martial art clubs in Germany and dozens more in other EU states, in the Western Balkans, and in North America.

Illustrative stock photo

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.

GLOBSEC forum will host guests from 70 countries

The 12th year of the conference will be attended by the highest number of participants in its history.

Slovak President Andrej Kiska gives the opening speech of The Globsec 2016 security conference.