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ANOTHER YEAR OF FISCAL BELT-TIGHTENING

May: The top business stories of 2012

Parliament okays Fico’s programme. On May 15 parliament adopts the programme statement which the government of Prime Minister Robert Fico will pursue over the next four years. The programme is organised around 10 priorities, with the government stating that the top priority will be to ease the impacts of the European economic crisis and strengthen economic security for Slovak citizens, followed by the commitment to reduce the country’s public finance deficit to 3 percent of GDP or less in 2013, and to support economic growth and price stability. The government also aims to reduce the high level of unemployment among young people and seek solutions to deal with the large proportion of the population that has been unemployed for a year or more. The programme statement also speaks about improving the enforceability of the law in Slovakia and systematically eliminating corruption at all levels of society.

Parliament okays Fico’s programme. On May 15 parliament adopts the programme statement which the government of Prime Minister Robert Fico will pursue over the next four years. The programme is organised around 10 priorities, with the government stating that the top priority will be to ease the impacts of the European economic crisis and strengthen economic security for Slovak citizens, followed by the commitment to reduce the country’s public finance deficit to 3 percent of GDP or less in 2013, and to support economic growth and price stability. The government also aims to reduce the high level of unemployment among young people and seek solutions to deal with the large proportion of the population that has been unemployed for a year or more. The programme statement also speaks about improving the enforceability of the law in Slovakia and systematically eliminating corruption at all levels of society.

Owner of Tatravagónka buys German chassis manufacturer ELH. The company Optifin Invest, which is 100-percent owner of the sole manufacturer of railway freight wagons and carriages in Slovakia and one of the largest in Europe, Tatravagónka Poprad, makes its third foreign acquisition. After the acquisition of the Polish company Fabryka Wagónow Gniewczyna in 2009 and the Serbian company Bratstvo Subotica in 2011, it acquires a 100-percent stake in German company ELH Eisenbahnlaufwerke Halle GmbH. KG, Landsberg.

February: The top business stories of 2012

March: The top business stories of 2012

April: The top business stories of 2012

June: The top business stories of 2012

July: The top business stories of 2012

August: The top business stories of 2012

September: The top business stories of 2012

October: The top business stories of 2012

17. Dec 2012 at 0:00  | 

Top stories

Robert Fico has lost the electoral magic he once had Plus

But his party can still bounce back if they do the things that make parties resilient.

Robert Fico claims that Smer won the regional elections because it is the party with the most chairs in regional councils.

New legislation protects creditors from unfair mergers

Fraudulent mergers were a legal business model enabling unfair businesses to get rid of debts

Tightening conditions when merging companies will increase the red tape of lawful mergers and prolong this procedure.

Fifty Shades of Grey: Slovakia's Olympic outfits will not stray from tradition Photo

The official outfit for Slovak athletes at the Pyongyang Olympic Games has been presented; the Slovak Olympic Committee (SOV) is not satisfied.

Olympic outfit of Slovak athletes

Blog: How long until a robot takes your job?

Are robots really taking over? What are the benefits and what are the risks?

Illustrative stock photo