Sign in Subscribe

Economy

Vano: Debt Brake in Place to Avoid Draconian Cuts in Hard Times

Vano: Debt Brake in Place to Avoid Draconian Cuts in Hard Times

Bratislava, January 19 (TASR) – The debt brake currently in place will enable Slovakia to be spared painful cuts during a future crisis, said Sberbank Europe chief economist Vladimir Vano on a discussion programme on TABLET.TV on Thursday. “We need more investments, but the question to consider is whether they

KDH and Simon Call on Holjencik to Resign from URSO Chairman Post

KDH and Simon Call on Holjencik to Resign from URSO Chairman Post

Bratislava, January 19 (TASR) – The extra-parliamentary Christian Democrats (KDH) along with MP Zsolt Simon (Independent) on Thursday called on Jozef Holjencik to resign from his Office for Regulation of Network Industries (URSO) chairman post, TASR learnt on the same day. KDH cites the URSO-issued price decisions for 2017 as the

URSO Instructed to Do U-Turn on 2017 Energy Fiats

URSO Instructed to Do U-Turn on 2017 Energy Fiats

Bratislava, January 18 (TASR) – The Slovak Government expressed a ‘fundamental political disapproval’ of the regulatory energy framework for 2017, Prime Minister Robert Fico said after a Government session on Wednesday. As a result, the energy regulator URSO will need to ‘box the compass’ and restore the prices for electricity and

Analysts: Britain Might Receive Support of CEE Countries in Brexit Talks

Analysts: Britain Might Receive Support of CEE Countries in Brexit Talks

Bratislava, January 17 (TASR) – Tuesday’s speech by British Prime Minister Theresa May on Brexit was good news for financial markets, as it has shed light on several aspects surrounding the UK’s departure from the EU, concurred analysts on Tuesday, adding that the overall economic impacts will yet depend

ZAP: Slovakia's Car Output also Exceeded Million Threshold in 2016

ZAP: Slovakia's Car Output also Exceeded Million Threshold in 2016

Bratislava, January 17 (TASR) – Slovakia’s automotive industry exceeded the one million threshold in terms of car output also in 2016, representatives of the Slovak Automobile Industry Association (ZAP) told a news conference on Tuesday. Over 1.04 million vehicles were manufactured at Kia Motors Slovakia, Peugeot Citroen Slovakia and

SNS in Favour of Closing Shops on Public Holidays

SNS in Favour of Closing Shops on Public Holidays

Bratislava, January 14 (TASR) – Work on public holidays – unless required for the essential personnel such as fire-fighters, police officers and doctors – is equivalent to modern-day slavery, and the supra-national retail chains are typically the slaveholders, according to the Slovak National Party (SNS). To this end, SNS – along with its coalition

Analysts Predict Inflation to Pick Up Pace in 2017

Analysts Predict Inflation to Pick Up Pace in 2017

Bratislava, January 13 (TASR) – The annual 0.5-percent drop in consumer prices in 2016 represents a mild deepening of deflation following a drop in prices by 0.3 percent on the year in 2015, Slovenska Sporitelna analyst Katarina Muchova said on Friday. Meanwhile, the annual inflation in December alone was