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Economy

Cabinet Passes Budget Draft, Deficit of 7.5% of GDP Expected in 2021

Cabinet Passes Budget Draft, Deficit of 7.5% of GDP Expected in 2021

Bratislava, October 14 (TASR) – Slovakia’s general government deficit is expected to reach 7.44 percent of the country’s gross domestic product next year, somewhat down from the 9.68 percent of GDP estimated for 2020, according to a budget draft for 2021-23 approved by the Cabinet on Wednesday.

Slovakia Wins International Arbitration against Polish Investor

Slovakia Wins International Arbitration against Polish Investor

Bratislava, October 8 (TASR) – Slovakia has won international arbitration against Polish investor Muszynianka, TASR learnt from the Finance Ministry’s press department on Thursday. The subject of the dispute was the use of mineral water from springs located in the Slovak village of Legnava (Presov region), which was supposed to

Gov't Approves Boosting Capital of State-run Health Insurer by €100 mn

Gov't Approves Boosting Capital of State-run Health Insurer by €100 mn

Bratislava, October 7 (TASR) – The state will boost the capital of state-run health insurer Vseobecna zdravotna poistovna (VsZP) by €100 million, Economy Minister Richard Sulik (Freedom and Solidarity/SaS) told a press briefing on Wednesday, adding that this move was approved by the Government at its session on the same

Slovakia Plans to Increase Recycling Rate to 55 percent by 2026

Slovakia Plans to Increase Recycling Rate to 55 percent by 2026

Bratislava, October 5 (TASR) – Slovakia plans to increase the proportion of municipal waste recycled from 39 percent to 50 percent, and it should even reach 55 percent by 2026, according to the national integrated reform plan called ‘A Modern and Successful Slovakia’ presented by the Finance Ministry at a news

Premier: Recovery Plan Already Being Discussed Publicly

Premier: Recovery Plan Already Being Discussed Publicly

The recovery plan is already being discussed publicly, Prime Minister Igor Matovic (OLaNO) said on RTVS’s talk show ‘Sobotne dialogy’ (Saturday Dialogues), adding that he assumes that the document, which leaked through the media to the public three weeks ago, is largely identical to the one called Modern and

Matovic Denies Merger of State Social- and Health-insurance Companies

Matovic Denies Merger of State Social- and Health-insurance Companies

Bratislava, October 1 (TASR) – Prime Minister Igor Matovic (OLaNO) at a news conference held at the Government Office on Thursday denied that state-run social-insurance company Socialna poistovna is set to merge with state-run health-insurance company Vseobecna zdravotna poistovna (VsZP). “I’ve never said anything of the kind. I regret this

Trade Unions Protest in Kosice against Reduction of Wage and Social Standards

Trade Unions Protest in Kosice against Reduction of Wage and Social Standards

Kosice, September 17 (TASR) – A protest march for employees’ rights was organised by the Confederation of Trade Unions (KOZ) in Kosice on Thursday, TASR learnt on the same day. It was aimed against the proposed legislative intentions of the Government, behind which the unions see an effort to reduce the