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Economy

Slovak Court Approves Distrainor's Actions vis-a-vis Naftogaz

Slovak Court Approves Distrainor's Actions vis-a-vis Naftogaz

Bratislava, November 18 (TASR) – The Bratislava II District Court hasn’t registered any complaint against the distrainor in a case of seizure of gas from Ukrainian company Naftogaz in Slovakia, while it views the distrainor’s actions as lawful, said court chair Nora Vladova in a statement provided to TASR

Analysts: Weak Foreign Demand Dragged Slovak GDP Growth Down in 3Q19

Analysts: Weak Foreign Demand Dragged Slovak GDP Growth Down in 3Q19

Bratislava, November 14 (TASR) – Slovakia’s economic growth decelerated significantly to 1.3 percent year-on-year in the third quarter of 2019, far below expectations, which were at the levels seen in the previous quarter, namely 1.8-2.4 percent y-o-y, analysts noted on Thursday. The slowdown was mainly due to

Banks: Special Levy Unconstitutional

Banks: Special Levy Unconstitutional

Bratislava, November 11 (TASR) – If Parliament approves the doubling of the special bank levy as of next year, banks will unite to take the legislation to the Constitutional Court, the Slovak Banking Association (SBA) announced on Monday. The special bank levy, introduced in response to the crisis a decade ago,

EC Predicts Slower GDP Growth in Slovakia until End of 2021

EC Predicts Slower GDP Growth in Slovakia until End of 2021

Brussels, November 7 (TASR correspondent) – Slovakia’s real GDP growth will significantly decelerate from last year’s level of 4.0 percent to 2.7 percent in 2019 and remain at similar levels – 2.6 percent and 2.7 percent – in 2020 and 2021, respectively, stated the European Commission (EC)

NBS: Increase in Bank Levy Will Affect Banking Sector's Profitability

NBS: Increase in Bank Levy Will Affect Banking Sector's Profitability

Bratislava, November 5 (TASR) – An increase in the bank levy in Slovakia will affect the profitability of the entire banking sector, Slovakia’s central bank (NBS) warned on Tuesday. Finance Minister Ladislav Kamenicky (Smer-SD) will submit a proposal at Wednesday’s (November 6) Cabinet session to double the special levy

Fico: Bank Levy Should Go Up from Next Year

Fico: Bank Levy Should Go Up from Next Year

Bratislava, November 5 (TASR) – The bank levy should increase as of next year from 0.2 percent to 0.4 percent from the value of banks’ liabilities lowered by the amount of equity, with the levy expected to channel about €120-130 million into the state budget next year, said head

Court Issues Injunction against Activists Slamming Coop Jednota over Cage Eggs

Court Issues Injunction against Activists Slamming Coop Jednota over Cage Eggs

Bratislava, October 31 (TASR) – A court has issued an injunction obliging a civic association called Human Progress to refrain from a campaign against Slovak retail chain Coop Jednota aimed at getting the latter to commit to cease selling cage eggs, TASR has learnt. Meanwhile, the activists called the injunction an