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Economy

Fico: Last Year's State Budget Ended Year Much Better than Expected

Fico: Last Year's State Budget Ended Year Much Better than Expected

Bratislava, January 3 (TASR) – The state budget ended last year in a substantially better condition than originally expected, Prime Minister Robert Fico told a news conference held on Wednesday with Finance Minister Peter Kazimir (both Smer-SD) in attendance. “I’d like to announce that the state budget deficit was projected

State Finances Almost €800 mn Better than Projected Last Year

State Finances Almost €800 mn Better than Projected Last Year

Bratislava, January 2 (TASR) – State finances performed better than projected last year, with the state budget deficit standing at €1.22 billion in late December 2017, meaning an improvement of €733 million compared to the budget approved for the same year, TASR learnt from the Finance Ministry on Tuesday. According

Kazimir Wins The Banker's 2018 European Finance Minister of the Year

Kazimir Wins The Banker's 2018 European Finance Minister of the Year

Bratislava/London, January 2 (TASR) – Slovak Finance Minister Peter Kazimir has been chosen for the 2018 European Finance Minister of the Year award by British monthly The Banker in recognition of his work and the results accomplished by the Slovak economy, TASR learnt from the Finance Ministry press department on

Slovakia to Face Another Arbitration in Talc Mining Case in 2018

Slovakia to Face Another Arbitration in Talc Mining Case in 2018

Bratislava, December 22 (TASR) – A company called EuroGas next year wants to sue the Slovak Republic again within arbitration proceedings for the alleged illegal withdrawal of a licence for talc mining in Gemerska Poloma (Kosice region), EuroGas managing board chairman Wolfgang Rauball told TASR on Friday. “Based on new evidence

Labour Ministry Submits 3 Options for Bonus Changes to Social Partners

Labour Ministry Submits 3 Options for Bonus Changes to Social Partners

Bratislava, December 21 (TASR) – The social partners are seeking a compromise for increasing work bonuses along with the Labour Ministry and coalition MPs for Smer-SD, said Labour, Social Affairs and the Family Minister Jan Richter (Smer-SD) at a press conference on Thursday. Following the meeting at the ministry, Richter submitted

ARDAL: €4.5 bn Needed to Cover Gov't Debt and Deficit Next Year

ARDAL: €4.5 bn Needed to Cover Gov't Debt and Deficit Next Year

Bratislava, December 20 (TASR) – The total amount needed to cover Government debt and the state budget deficit is projected at €4.5 billion next year, TASR learnt from the Debt and Liquidity Management Agency (ARDAL) on Wednesday. The aforementioned sum stems from the approved state budget for 2018 and is

Unemployment Rate in Slovakia Fell to 5.59 percent in November

Unemployment Rate in Slovakia Fell to 5.59 percent in November

Bratislava, December 20 (TASR) – The unemployment rate in Slovakia in November 2017 stood at 5.59 percent, down by 0.19 percentage points (p.p.) month-on-month and by 2.83 p.p. year-on-year, Labour, Social Affairs and the Family Centre (UPSVaR) general director Marian Valentovic said at a press conference