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Economy

Kiska: If We Want Youth to Opt for Business, We Must Create Conditions

Kiska: If We Want Youth to Opt for Business, We Must Create Conditions

Santiago, August 2 (TASR correspondent) – Slovakia and Chile have the same problem in terms of young people’s access to business, said Slovak President Andrej Kiska following his visit to a development centre for start-ups called ‘Start-Up Chile’ on the first day of his official visit to the South American

Kia Motors Slovakia Produced 177,900 Cars in First Half of 2016

Kia Motors Slovakia Produced 177,900 Cars in First Half of 2016

Zilina, July 28 (TASR) – Kia Motors Slovakia manufactured 177,900 vehicles in the first half of 2016, which represents a 4.7-percent hike year-on-year compared to the first half of 2015, Kia Motors Slovakia spokesman Jozef Bace told TASR on Thursday. The engine production rose by 11 percent and by

Slovakia Was Third Biggest Net Recipient from EU Budget Last Year

Slovakia Was Third Biggest Net Recipient from EU Budget Last Year

Bratislava, July 28 (TASR) – Slovakia was the third biggest net recipient from the European Union budget in 2015, with the country’s net income from the EU amounting to €3.095 billion last year, according to the latest data released by the European Commission.Only Bulgaria and Hungary were bigger

Fico: This Year's Harvest Above Average

Fico: This Year's Harvest Above Average

Bratislava, July 27 (TASR) – This year’s harvest of crops will be above average in Slovakia and is likely to be better than last year’s, which reached the best figures in the last decade, said Prime Minister Robert Fico (Smer-SD) at a briefing on Wednesday. Fico was speaking in

NBS Raises Countercyclical Capital Buffer Rate

NBS Raises Countercyclical Capital Buffer Rate

Bratislava, July 26 (TASR) – Banks active in Slovakia will have to comply with stricter regulatory rules, having their countercyclical capital buffer set at 0.5 percent of risk-weighted assets effective as of August 1, 2017, the Slovak central bank (NBS) Bank Board decided on Tuesday. The Slovak central bank has

Value for Money to Save €497 million in Informatisation

Value for Money to Save €497 million in Informatisation

Bratislava, July 26 (TASR) – State informatisation projects in 2017-20 should bring savings amounting to as much as €497 million, according to a preliminary report on revision of informatisation costs released by the Finance Ministry on Tuesday. The report makes up part of the Value for Money project, which is a

Some €468 mn to Be Saved and Spent in Better Way in Transport

Some €468 mn to Be Saved and Spent in Better Way in Transport

Bratislava, July 26 (TASR) – Around €468 million should be saved and spent more effectively in the area of transport between 2017-20 thanks to the Value for Money project aimed at revising expenditures in transport, TASR learnt on Tuesday. The money saved will be spent on operating, maintaining and repairing roads