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Economy

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

Jaguar Land Rover: We're Still Coming to Slovakia Despite Brexit

Jaguar Land Rover: We're Still Coming to Slovakia Despite Brexit

Bratislava, July 26 (TASR) – British carmaker Jaguar Land Rover will still come to Slovakia despite Brexit, Alexander Wortberg, the company’s executive director for the investment in Nitra, told a news conference in Bratislava on Tuesday. Jaguar is keeping to its schedule so far, and it would like to launch

Value for Money Project to See Some €400 million Spent More Efficiently

Value for Money Project to See Some €400 million Spent More Efficiently

Bratislava, July 25 (TASR) – Around €400 million should be allocated more efficiently within the expenditures of public administration over the next three years thanks to the Value for Money project, TASR learnt from Finance Minister Peter Kazimir (Smer-SD) on Monday. The project will be launched in the health, IT and

Matecna: This Year's Harvest Rich; Prices to Go Down

Matecna: This Year's Harvest Rich; Prices to Go Down

Modra, July 22 (TASR) – This year’s harvest of crops will probably be the largest in recent years, with yields per hectare above average,” said Agriculture and Rural Development Minister Gabriela Matecna (Slovak National Party/SNS nominee) at a briefing on Friday. Speaking in the middle of a wheat field

Scientists Protesting against Cuts Worth €1 million from SAV Budget

Scientists Protesting against Cuts Worth €1 million from SAV Budget

Bratislava July 21 (TASR) – Scientists and university lecturers are rejecting the Finance Ministry’s proposal to cut more than €1 million from the Slovak Academy of Sciences (SAV) budget, TASR learnt on Thursday. The Finance Ministry has recently asked SAV to draft measures by which SAV will economise the money,