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Economy

Parliament Passes Law of the Year, Deficit to Drop to 1.29% of GDP in 2017

Parliament Passes Law of the Year, Deficit to Drop to 1.29% of GDP in 2017

Bratislava, November 29 (TASR) – The public finance deficit should reach 1.29 percent of GDP in 2017, while it should drop to 0.44 percent in 2018 and switch to a surplus of 0.16 percent in 2019, according to the state budget draft for next year approved by Parliament

Slovakia Signs Memos on Drawing €113 million from EEA/Norway Grants

Slovakia Signs Memos on Drawing €113 million from EEA/Norway Grants

Bratislava, November 28 (TASR) – Slovakia will be able to draw €113 million from the European Economic Area and Norway Grants until 2021 following the signing of relevant memos by Slovak Foreign and European Affairs Minister Miroslav Lajcak and Norway’s Minister of EEA and EU Affairs Elisabeth Vik Aspaker in

Ziga: Slovak EU Presidency Has Managed to Do Away with Geo-blocking

Ziga: Slovak EU Presidency Has Managed to Do Away with Geo-blocking

Brussels, November 28 (TASR-correspondent) – The Slovak Council of the EU Presidency has managed to secure a general agreement among member states to scrap trade barriers in internet commerce, said Economy Minister Peter Ziga at the Council of the EU for Competitiveness in Brussels on Monday. So-called “unjustified geo-blocking” on the

World Bank to Help Slovakia with Low-carbon Strategy

World Bank to Help Slovakia with Low-carbon Strategy

Bratislava, November 28 (TASR) – Slovak Environment Minister Laszlo Solymos and the World Bank’s Country Manager for Bulgaria, the Czech Republic and Slovakia Antony Thompson in Bratislava on Monday signed an agreement of cooperation regarding Slovakia’s low-carbon strategy. This cooperation will result in a study of low-carbon growth in

Kazimir: Budget Based on Prognoses That Haven't Been Fabricated

Kazimir: Budget Based on Prognoses That Haven't Been Fabricated

Bratislava, November 25 (TASR) – Parliament has concluded a debate on the state budget for next year, with over 30 MPs taking the floor on the issue in three days. “I can describe the debate on the law of the year as professional, but we didn’t avoid some theatrical performances

NBS: 8-percent Deductions Won't Shake Insurers

NBS: 8-percent Deductions Won't Shake Insurers

Bratislava, November 24 (TASR) – The expansion of 8-percent state levies to cover all non-life insurance policies, due to concern only new contracts as of January 2017, won’t affect the stability of insurance companies, the Slovak central bank (NBS) stated on Thursday. Parliament earlier this week adopted a bill to

NBS: Profits of Slovak Banks to Fall in Next Few Years

NBS: Profits of Slovak Banks to Fall in Next Few Years

Bratislava, November 24 (TASR) – The Slovak financial sector has maintained its high resilience to external shocks, with all banks in Slovakia having enough of their own resources at their disposal and also meeting all capital criteria with comfortable margins, said the central bank’s (NBS) financial market supervision department director