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Economy

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

Number of Beekeepers in Slovakia Now Highest in Two Decates

Number of Beekeepers in Slovakia Now Highest in Two Decates

Bratislava, October 31 (TASR) – The number of beekeepers currently in Slovakia is the highest in the past 20 years, with Slovakia one of the few EU-member countries to see this figure grow, partly due to comprehensive state support, the Agriculture Ministry said on Thursday. “We now have more than 19,

MOL to Squeeze Out Minority Owners in Slovnaft; They're Unhappy with Price

MOL to Squeeze Out Minority Owners in Slovnaft; They're Unhappy with Price

Bratislava, October 28 (TASR) – Minor shareholders in refinery Slovnaft disagree with the value of €85 per share as decided by the General Meeting and okayed by the central bank (NBS), due to be paid to them by the refinery’s majority stakeholder MOL from Hungary, TASR learnt on Monday. An

Danko: I Won't Attend Coalition Council Sessions Anymore

Danko: I Won't Attend Coalition Council Sessions Anymore

Bratislava, October 22 (TASR) – Parliamentary Chair Andrej Danko (Slovak National Party/SNS) stated on Tuesday that he doesn’t intend to take part in the future sessions of the coalition council. Danko’s statement came after Parliament on the same day rejected two motions from SNS, namely an amendment to

Government Approves Budget for 2020; Deficit to Stand at 0.49 percent of GDP

Government Approves Budget for 2020; Deficit to Stand at 0.49 percent of GDP

Bratislava, October 14 (TASR) – The Government on Monday approved a draft budget drawn up by the Finance Ministry for upcoming years, according to which the general government deficit in 2020 should stand at 0.49 percent of GDP and at the same time admitted that the original goal of a