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Economy

Ersek: Without Loosening Debt Brake We Won't Have Money for Highways

Ersek: Without Loosening Debt Brake We Won't Have Money for Highways

Bratislava, May 4 (TASR) – New tenders for the construction of highways can’t be announced before securing money for them, so it’s now necessary to wait for a proposal to appear in Parliament on releasing the public debt brake, Transport and Construction Minister Arpad Ersek (Most-Hid) stated on Thursday.

Slovak Banking Sector's Profits Up by 21.2% Y-o-Y in 1Q17

Slovak Banking Sector's Profits Up by 21.2% Y-o-Y in 1Q17

Bratislava, May 3 (TASR) – Slovakia’s banking sector posted profits of €165 million in the first quarter of 2017, up by 21.2 percent year-on-year, according to the latest statistics from the central bank (NBS). The Slovak Banking Association (SBA) in a commentary on Wednesday stated that these developments were

Matovic: State Loses €1 Million in Land Substitution

Matovic: State Loses €1 Million in Land Substitution

Bratislava, May 3 (TASR) – The Interior Ministry headed by Robert Kalinak (Smer-SD) has inked a disadvantageous contract on land substitution, allegedly depriving the state of around €1 million, stated Opposition OLaNO-NOVA MPs Igor Matovic and Veronika Remisova at a press conference on Wednesday. Referring partly to the information provided by

RRZ: Public Finances Heading towards Long-term Sustainability

RRZ: Public Finances Heading towards Long-term Sustainability

Bratislava, May 3 (TASR) – Slovakia’s public finances are heading towards long-term sustainability, the Budgetary Responsibility Council (RRZ) states in its latest Report on Long-term Sustainability of Public Finance for 2016 presented by RRZ President Ivan Sramko at a news conference in Bratislava on Wednesday. The long-term sustainability indicator for

Kalinak: Fines to Be Collected by Single Specialised Authority

Kalinak: Fines to Be Collected by Single Specialised Authority

Bratislava, May 3 (TASR) – Interior Minister Robert Kalinak (Smer-SD) is entertaining the notion of centralising the collection of all fines imposed by state bodies under the remit of his ministry, TASR learnt after the Government session on Wednesday. This means that a specialised central authority to enforce fines could be

SOPK: Monaco Can Help Us Gain Toehold in Africa and Arab World

SOPK: Monaco Can Help Us Gain Toehold in Africa and Arab World

Bratislava, May 2 (TASR) – Despite being a very small market, Monaco is viewed as part of the EU’s market and it provides great scope for investors and exporters from Slovakia, especially towards northern Africa and Arab countries, Slovak Chamber of Commerce and Industry (SOPK) chairman Peter Mihok said at

FinMin: Slovakia's State Budget Deficit Down by 1.7% in April

FinMin: Slovakia's State Budget Deficit Down by 1.7% in April

Bratislava, May 2 (TASR) – Slovakia’s state budget posted a deficit of €635.1 million at the end of April, down by €11 million (1.7 percent) year-on-year, the Finance Ministry reported on Tuesday. The state budget expenditures fell over the same period by €117.3 million (2.5 percent)