October: The year in business

Construction giant in trouble. The Bratislava I District Court accepted the request to start the restructuring process in the construction company Váhostav. After Doprastav, it is the second big construction company in Slovakia in trouble.

Construction giant in trouble. The Bratislava I District Court accepted the request to start the restructuring process in the construction company Váhostav. After Doprastav, it is the second big construction company in Slovakia in trouble.

Minimum monthly wage raised by 7.95 percent. The minimum monthly wage in Slovakia will go up from €352 in 2014 to €380 (€2.184 per hour) in 2015, which represents an increase of €28 or 7.95 percent. By the more significant increase of the minimum wage the cabinet wants to secure a higher monthly income than the poverty threshold.

Slovak Telekom fined. The European Commission fined Slovak Telekom (ST) and its parent company Deutsche Telekom €38.84 million for the abuse of their dominant position on the market. Deutsche Telekom (DT) also received an additional fine of €31.07 million to prevent recidivism. Thus the total fine of ST and Deutsche Telekom stands at almost €70 million.

Constitution will protect water. The parliament passed a constitutional ban on exporting water.
The income tax law revised. The parliament adopted an extensive revision to the income tax law bringing changes especially in depreciation.

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