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Economy

Analysts: New Car Plant to Be Key Driver of Slovakia's GDP Growth in 2019

Analysts: New Car Plant to Be Key Driver of Slovakia's GDP Growth in 2019

Bratislava, December 31 (TASR) – Slovakia’s economy is expected to continue growing in 2019, with the new Jaguar Land Rover plant in Nitra being a major contributing factor, while the key risks will be represented by a possible hard Brexit and growing global protectionism, according to analysts approached by TASR.

MPs Override President's Veto, Levy for Retail Chains to Be Introduced

MPs Override President's Veto, Levy for Retail Chains to Be Introduced

Bratislava, December 13 (TASR) – MPs on Thursday overrode President Andrej Kiska’s veto concerning the law on a special levy for retail chains, approving it in its original wording, which sets the levy at 2.5 percent of net turnover, TASR learnt on the same day. The bill was supported

President Vetoed Special Levy for Chains, Considers It to Be Non-Systemic

President Vetoed Special Levy for Chains, Considers It to Be Non-Systemic

Bratislava, December 12 (TASR) – Slovak President Andrej Kiska has vetoed the act on a special levy for retail chains, proposing that MPs should not adopt it as a whole when they vote on it again, TASR learnt on Wednesday. The head of state considers the new special levy to be

EIB to Give Slovakia €319.6 mn Loan for Transport Projects

EIB to Give Slovakia €319.6 mn Loan for Transport Projects

Bratislava, December 10 (TASR) – The European Investment Bank (EIB) will provide Slovakia with a loan worth €319.6 million to co-fund the country’s transport projects supported by EU funds, with Slovakia and the EIB signing a new framework agreement to this effect on Monday. This is the second part

MPs Approve Kazimir as New NBS Governor and Hudak as Vice-governor

MPs Approve Kazimir as New NBS Governor and Hudak as Vice-governor

Bratislava, December 6 (TASR) – Incumbent Finance Minister Peter Kazimir (Smer-SD) will become new Slovak Central Bank (NBS) governor in March, with Parliament approving a Government-sponsored proposal to this effect in a secret vote at its session on Thursday. A total of 86 out of the 138 MPs present voted in

Opposition: Is 2019 Budget Really Balanced? There's Lack of Investment

Opposition: Is 2019 Budget Really Balanced? There's Lack of Investment

Bratislava, December 5 (TASR) – Although the 2019 state budget approved by Parliament on Wednesday is balanced, the Opposition parties remain sceptical towards it, as they believe that it fails to cut the tax-levy burden or prepare Slovakia for the future. “A balanced budget is not a reality, only a pledge,

Coalition Praises Balanced Budget for 2019, Its Priorities Fully Met

Coalition Praises Balanced Budget for 2019, Its Priorities Fully Met

Bratislava, December 5 (TASR) – The 2019 budget husbands public finances in a rather responsible fashion, yet on the other hand it’s able to meet all the priorities of the individual political parties that form the governing coalition, stressed Prime Minister Peter Pellegrini (Smer-SD) after the budget draft was approved