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Economy

Analyst: Robust Household Consumption Boosted Slovak GDP in 2Q17

Analyst: Robust Household Consumption Boosted Slovak GDP in 2Q17

Bratislava, September 5 (TASR) – Slovakia’s economy was boosted in the second quarter of 2017 mainly by household consumption, with the contribution of exports dropping also due to stagnation in the car sector, said UniCredit Bank Czech Republic and Slovakia analyst Lubomir Korsnak on Tuesday. As suggested earlier by figures

Fico: Bratislava to Host Consumer Summit in mid-October

Fico: Bratislava to Host Consumer Summit in mid-October

Bratislava/Lednice, September 4 (TASR) – A consumer summit that will mainly focus on double quality standards of food and unfair trading practices should take place in Bratislava in mid-October, stated Slovak Prime Minister Robert Fico (Smer-SD) at a press conference on Monday. Fico was speaking after a joint session of

Mihal and Beblavy Propose Different Calculation of Minimum Wage

Mihal and Beblavy Propose Different Calculation of Minimum Wage

Bratislava, August 28 (TASR) – Independent MPs Jozef Mihal and Miroslav Beblavy are proposing changes to the way in which the minimum wage is computed with the aim of significantly increasing the take-home earnings of low-income groups, TASR learnt on Monday. In the current set-up of social and health-care levies, the

Association Aims to Introduce Traditional Regional Labels for Food Origin

Association Aims to Introduce Traditional Regional Labels for Food Origin

Nitra, August 25 (TASR) – A civic association called Strong Regions announced on Friday in Nitra region a pilot project entitled Regional Products for Our Shelves, aimed at supporting domestic producers and boosting the presence of regional food products in shops. According to Daniel Balko, one of the project coordinators, the

Biswajit Banerjee Becomes Slovak Finance Ministry's Chief Economist

Biswajit Banerjee Becomes Slovak Finance Ministry's Chief Economist

Bratislava, August 24 (TASR) – American economist Biswajit Banerjee has become the Slovak Finance Ministry’s chief economist, a post that was originally intended for the late chief of the Finance Ministry’s analytical institute Martin Filko, said Finance Minister Peter Kazimir at a press conference on Thursday. “We’re in

SNS: Businesses Welcome Idea of 13th and 14th Salaries

SNS: Businesses Welcome Idea of 13th and 14th Salaries

Bratislava, August 22 (TASR) – The proposal to introduce 13th and 14th salaries (i.e. two extra monthly salaries per year) as part of a ‘systemisation of remuneration’ sits well with entrepreneurs, said the Slovak National Party (SNS) after meeting their representatives in Bratislava on Tuesday. That said, Republican Union of

FinMin: Slovakia Wins International Arbitration on Talc Mining Licence

FinMin: Slovakia Wins International Arbitration on Talc Mining Licence

Bratislava, August 22 (TASR) – Slovakia has won another international arbitration, this time with companies called EuroGas and Belmost Resources concerning a licence for talc mining in Gemerska Poloma (Kosice region), TASR learnt on Tuesday. “Slovakia has an exceptionally high score in lawsuits with foreign investors. Our country is starting to