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Economy

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

Tomas: Civil Servants Should See Hikes in Bonuses as Well

Tomas: Civil Servants Should See Hikes in Bonuses as Well

Bratislava, January 25 (TASR) – Hikes in bonuses for night, holiday and weekend work should involve not only people working for private firms, but also state and public administration employees, stated governing Smer-SD MP Erik Tomas on Thursday. Tomas wants to submit an amending proposal to this effect at the next

Ministry Has Prepared Package of 35 Rail Routes for Liberalisation

Ministry Has Prepared Package of 35 Rail Routes for Liberalisation

Bratislava, January 24 (TASR) – The Transport and Construction Ministry headed by Arpad Ersek (Most-Hid) has prepared a total of 35 rail routes for the first package to be liberalised in Slovakia, TASR learnt from ministry spokesperson Karolina Ducka on Wednesday. Carriers will be able to compete to operate the routes