BUSINESS IN SHORT

Financial transaction tax passed

A EUROPEAN financial transaction tax (FTT) will become a reality after 11 eurozone countries, including Slovakia, approved it on January 21. Finance ministers from Luxembourg, the Czech Republic, Malta, and the UK were the only ones to oppose the tax, and their countries will not adopt it for now, the Sme daily wrote.

A EUROPEAN financial transaction tax (FTT) will become a reality after 11 eurozone countries, including Slovakia, approved it on January 21. Finance ministers from Luxembourg, the Czech Republic, Malta, and the UK were the only ones to oppose the tax, and their countries will not adopt it for now, the Sme daily wrote.

The original rates – 0.1 percent for bonds and 0.01 for derivatives – should be preserved, although the proposal will undergo a re-draft.

Slovakia wants to be assured that the FTT will not affect the competitiveness of the financial sector, said Slovak Finance Minister Peter Kažimír, as quoted by the TASR newswire, after the session of EU finance ministers in Brussels.

The FTT has reached another level, he said.

“When it comes to our interests, there’s still an effort to prepare such a type of tax ... which won’t worsen the competitiveness of our financial sector and won’t represent an additional burden that could consequently be transferred on to clients,” Kažimír said.

Get daily Slovak news directly to your inbox

Top stories

Cabinet agrees on COVID screening

More details will be presented tomorrow.

Košice

More tips for outings in Bratislava during the lockdown

Walks along the Danube bank offer a feeling of being far from the city rush.

This place, part of Ovsištské Lúky (Ovsište Meadows) in Petržalka, is still Bratislava.

Roundup: Fairytale app that makes children read

An award-winning design by a Slovak architect and a trip to Zádielska dolina valley. Here’s your latest roundup.

A man wearing a face covering sits in an armchair on the snow-covered Main Street in Košice on January 13, 2021.

Police investigate surveillance of journalist, IPI calls for utmost seriousness

Police launch criminal prosecution after Denník N reporter said she was followed and opposition MP Robert Fico wrote about her private life.

l-r: Head of Let's Stop Corruption Foundation Zuzana Petková, journalist Monika Tódová, journalist Adam Valček, and Xénia Makarová of the Let's Stop Corruption Foundation