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THE YEAR IN BUSINESS

Corporate taxes to change, again

SLOWER than expected economic revival as Slovakia remains dependent on external trading partners was the prevailing economic trend for the year. Thus, even though Slovakia’s economy managed to grow, estimated at 0.9 percent for 2013, the rate was too low to make a significant impact on job creation. The unemployment rate remains among the highest in the EU. While 2012, the year in which Prime Minister Robert Fico’s government took power, was rich in tax and labour legislation changes, 2013 also brought change. The government introduced tax licenses to be paid even by loss-making firms. This is to be accompanied by a 1 percent point drop in corporate tax rates and extension of collective bargaining rights. Measures to combat tax evasion began to bear fruits in the form of higher collection during the final months of 2013.

SLOWER than expected economic revival as Slovakia remains dependent on external trading partners was the prevailing economic trend for the year. Thus, even though Slovakia’s economy managed to grow, estimated at 0.9 percent for 2013, the rate was too low to make a significant impact on job creation. The unemployment rate remains among the highest in the EU. While 2012, the year in which Prime Minister Robert Fico’s government took power, was rich in tax and labour legislation changes, 2013 also brought change. The government introduced tax licenses to be paid even by loss-making firms. This is to be accompanied by a 1 percent point drop in corporate tax rates and extension of collective bargaining rights. Measures to combat tax evasion began to bear fruits in the form of higher collection during the final months of 2013.

Here we look back on the most significant economic and business news events of the year as they happened.

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Top stories

Technology does not force people out of logistics

People still play an important role in logistics.

Warehouses are starting to implement new technology.

How can we improve the integration of foreigners in Bratislava?

Municipalities recognise there is a lack of outreach on the part of administrators to foreigners, but the problem goes both ways.

Several foreigners attended the latest round table hosted by the Human Rights League.

Finding meaning in the Gorila audio

Even though it won’t lead to charges, new evidence will make political choices starker.

2012 Gorilla protests

Activists protest over violence against women Photo

Every third woman in Slovakia experiences violence.