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Economy

NBS: Slovak Banking Sector Posted Profit of €634.6 mn at End of 11/2016

NBS: Slovak Banking Sector Posted Profit of €634.6 mn at End of 11/2016

Bratislava, January 5 (TASR) – Slovakia’s banking sector recorded profits of €634.6 million at the end of November, up by €39.8 million month-on-month and by €38.5 million year-on-year, the central bank (NBS) announced on Thursday. Net interest incomes, which represent the main source of income for banks,

Danko: RegioJet Should Seek Culprit for Failing Business in Own Ranks

Danko: RegioJet Should Seek Culprit for Failing Business in Own Ranks

Bratislava, January 5 (TASR) – Reintroducing state-run company ZSSK’s InterCity trains on the Bratislava-Kosice route has created healthy competition in Slovakia, as private carrier RegioJet previously had an absolute monopoly on this route, stated the coalition Slovak National Party (SNS) on Thursday. SNS also stated that RegioJet is cherry-picking. “Slovakia

Kazimir Heralds Further Changes to Tax Laws in 2017

Kazimir Heralds Further Changes to Tax Laws in 2017

Bratislava, January 3 (TASR) – A number of changes in taxes that the coalition okayed last year were based on the Government Manifesto and coalition agreements, and more of the kind will follow this year, Finance Minister Peter Kazimir (Smer-SD) has said in an interview for TASR. As of January 1,

Ziga: 29 Investment Projects Worth €930 mn Brought to Slovakia in 2016

Ziga: 29 Investment Projects Worth €930 mn Brought to Slovakia in 2016

Bratislava, January 2 (TASR) – Last year saw Slovakia recording its best results in five years in terms of the number of new jobs and their composition, and it appears that its stable and predictable business environment and legislation make Slovakia an attractive country for foreign investors, Economy Minister Peter Ziga

Banks and Financials Now Required to Be More Prudent in Loan Provision

Banks and Financials Now Required to Be More Prudent in Loan Provision

Bratislava, January 2 (TASR) – Financial institutions need to be more prudent when providing loans now that an amendment to the Consumer Loans Act has taken effect as of January 1. The piece of legislation was drafted to accommodate recommendations by the Slovak central bank (NBS) from 2014 to introduce more

NKU to Focus on ESO, European Funds and Universities in 2017

NKU to Focus on ESO, European Funds and Universities in 2017

Bratislava, December 26 (TASR) – Reform of the ESO public administration system, European funds for informatisation, universities and legal services for the state will be subjects of scrutiny for the Supreme Audit Office (NKU) next year, TASR has learnt from NKU chair Karol Mitrik. NKU has gradually been abandoning financial inspections

UDZS Approves Revival Plan for Vseobecna zdravotna poistovna

UDZS Approves Revival Plan for Vseobecna zdravotna poistovna

Bratislava, December 22 (TASR) – The Health Care Supervisory Office (UDZS) has approved a revival plan submitted by state-owned health insurer Vseobecna zdravotna poistovna (VsZP), which is expecting a record loss this year, TASR learnt on Thursday. “The Office has concluded that the proposed measures represent realistic prospects for the gradual