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Economy

Eurozone States Including Slovakia Put Chinese Yuan in FOREX Reserves

Eurozone States Including Slovakia Put Chinese Yuan in FOREX Reserves

Bratislava, February 8 (TASR) – China’s yuan currency is becoming part of the foreign-exchange (FOREX) reserves held by eurozone countries, and following the European Central Bank (ECB) and the German Bundesbank, Slovakia is next to include Chinese assets in its FOREX reserves. “The National Bank of Slovakia (NBS) is investing

Telecom Operators Should Cover White Spots with Internet by 2020

Telecom Operators Should Cover White Spots with Internet by 2020

Bratislava, February 6 (TASR) – Telecom operators should cover so-called white spots (areas lacking broadband infrastructure) in Slovakia with internet connection by 2020, with their commitments being defined by memorandums on cooperation signed on Tuesday by Vice-premier for Investments and Informatisation Peter Pellegrini (Smer-SD) and officials from Orange Slovensko, O2 Slovakia

Kazimir: Foreign Firms No Longer View Slovakia as Land of Cheap Labour

Kazimir: Foreign Firms No Longer View Slovakia as Land of Cheap Labour

Bratislava, February 5 (TASR) – Some foreign investors are beginning to realise that Slovakia is no longer a country with cheap labour, Finance Minister Peter Kazimir (Smer-SD) told a news conference on Monday dedicated to presenting the country’s macroeconomic prognosis. News appeared in late January that South Korean firm Samsung

FinMin: State Budget Posted Surplus of €147 mn to End of January

FinMin: State Budget Posted Surplus of €147 mn to End of January

Bratislava, February 1 (TASR) – Slovakia’s state budget posted a surplus of €146.9 million at the end of January of this year, an increase of €54.5 million when compared to the surplus recorded for the same period last year, the Finance Ministry reported on Thursday. State budget incomes

President Kiska Visits Gelnica Plant of Connectors Maker Klauke Slovakia

President Kiska Visits Gelnica Plant of Connectors Maker Klauke Slovakia

Gelnica, January 19 (TASR) – Dolny Kubin (Zilina region)-based company Klauke Slovakia plans to employ 50 new people at its cable connectors manufacturing plant in Gelnica (Kosice region) this year, said the company’s operations manager Vladimir Cernicky during President Andrej Kiska’s visit to the Gelnica plant on Monday.

Kosice Court Declares Bankruptcy on Rapid Life Insurer's Property

Kosice Court Declares Bankruptcy on Rapid Life Insurer's Property

Kosice, January 29 (TASR) – The Kosice I District Court has declared bankruptcy on the assets of the Kosice-based life insurance company Rapid Life, TASR learnt from a ruling published in the Commercial Bulletin on Monday. The court determined Kosice attorney Dana Hustakova to be the receiver of assets in bankruptcy.

OLaNO: State Failing in Employment of Poor Roma from Settlements

OLaNO: State Failing in Employment of Poor Roma from Settlements

Bratislava, January 26 (TASR) – The state has been failing when it comes to the employment of people from poor areas, especially from Roma settlements, stated the Opposition OLaNO party in a press release on Thursday, adding that the state should focus on employing these people instead of issuing work permits