Spectator on facebook

Spectator on facebook

FOCUS SHORT

New law applies to retail chains

THE BARGAINING position of Slovak suppliers of retail chains should soon improve. The Slovak Parliament adopted a law with this objective on October 26. Taking effect on January 1, 2013, the law on unfair terms in retail chains, the subject of which is food, defines as unreasonable conditions the requirement of a fee for the inclusion of a supplier in the register of suppliers, a fee for the inclusion of a food product into the records of sold products, as well as financial benefits for services that were not provided. A merchant can be fined from €1,000 to €300,000 if such inappropriate terms are anchored in a business contract with a supplier, the SITA newswire wrote.

THE BARGAINING position of Slovak suppliers of retail chains should soon improve. The Slovak Parliament adopted a law with this objective on October 26. Taking effect on January 1, 2013, the law on unfair terms in retail chains, the subject of which is food, defines as unreasonable conditions the requirement of a fee for the inclusion of a supplier in the register of suppliers, a fee for the inclusion of a food product into the records of sold products, as well as financial benefits for services that were not provided. A merchant can be fined from €1,000 to €300,000 if such inappropriate terms are anchored in a business contract with a supplier, the SITA newswire wrote.

The legislation met with stiff resistance from the opposition. Zsolt Simon, MP for Most-Híd and former agriculture minister, regarded the bill as plainly wrong. He said merchants would get around it by concluding contracts with suppliers from abroad, which will ultimately mean a further disadvantage for local suppliers and reduce the share of Slovak food in retail chains.

“These relationships need to be addressed at the EU level,” Simon said.

Top stories

Governmental campaign should bring Slovaks home from the UK

The Slovak cabinet plans to persuade its expats living and working in the UK with at least a bachelor degree to return home: a campaign offering specific jobs should help.

Young researchers, IT experts and medical staffers are needed in Slovakia, illustrative stock photo.

EU lawyers claiming the Russian annexation of Crimea as legal is a hoax

One lawyer does not mean all EU lawyers; immigrants attacking a shepherd dog and HAARP causing hurricanes in the US are hoaxes, too.

Hoax on immigrants attackign two German shepdherds and ebing bitten yb them

Co-founder and co-owner of Sme daily dies

A major Slovak entrepreneur, Peter Vajda, died in Prague on October 15. He was exceptional for his innate sense of democracy and believing in equal opportunities for all.

Peter Vajda

Šefčovič: Slovakia’s economy has grown 60 percent since joining the EU

Slovak consumers are growing economically stronger and will be an important stabilisation factor in the future

European Commission Vice-president for Energy Union Maroš Šefčovič