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Slovak Government Approves Treaty on European Stabilisation Mechanism

Slovak Government Approves Treaty on European Stabilisation MechanismSlovakia will contribute €659.2 million to the European Stability Mechanism (ESM). The Slovak government approved the creation of ESM on Wednesday. To come into force the treaty must be ratified by Slovak Parliament and the president.

Economic Freedom in Slovakia Worsened in 2010 due to Corruption

The economic freedom in Slovakia worsened last year, the 2011 Index of Economic Freedom released by the Heritage Foundation says. Slovakia dropped two spots from last year while its overall score has decreased by 0.2 point, mainly as a result of declines in freedom from corruption and property rights. A year ago the country gained 0.3 points.

Economic Freedom in Slovakia

Slovak Economic Sentiment in January 2011

Slovakia - In January 2011, the economic sentiment indicator (ESI) has improved by 1,9 to 97,1 percentage points. The indicator development has been affected by an increase of confidence in industry and in trade. The economic sentiment indicator has increased by 12,3 points, year-on-year, and it is still behind the long-term average by 0,8 p.p.

Development of Production Prices in Slovakia in December 2010

Slovakia - Output prices of the domestic market increased by 0,4 % in December 2010, compared with November 2010. Prices increased in electricity, gas, steam and air-conditioning supply by 0,5 % and in manufacturing by 0,3 %. Prices decreased in mining and quarrying by 0,4 %. Prices did not change in water supply, sewerage, waste management and remediation.

Broad Gauge Railway Important for Slovakia

A broad-gauge railway track through Slovakia is a very serious and important issue, Slovak Deputy Prime Minister and Minister of Transport, Construction and Regional Development Ján Figeľ said during his visit to Čierna nad Tisou - the Slovak and EU railway border crossing to Ukraine.


Slovaks Perceive Unemployment as The Most Serious Social Problem

People in Slovakia see unemployment as the most crucial problem currently worrying the country. According to the results of a survey recently conducted by Slovak Public Affairs Institute (IVO), almost two-thirds of respondents (64%) consider the high jobless rate to be the most troublesome issue.

Russian Nuclear Fuel Fabricator TVEL to Supply Fuel for New Slovakian Reactors

Russian nuclear fuel fabricator TVEL has signed a contract with Slovakia’s Slovenské Electrárne (SE) to supply fuel for units 3 and 4 of the Mochovce nuclear power plant, currently under construction. The contract covers the period from 2012 to 2017.

Slovakia Can Lose €216 Million Over Emission Quotas Scandal

The Slovak emission quotas scandal can drag on and on, and without immediate legal steps being taken Slovakia could lose at least €216 million, said Rainer K. Wachter, the director of Vienna branch of the American law firm Skadden Arps Slate Meagher & Flom LLP on Thursday.

Slovak Freight Transporters Protest Against Problems in New Road Tolling System

By blocking important roads with their lorries, Slovak carriers wanted to express their discontent over the running of the newly-introduced tolling system. Last week, the protest evoked traffic jams in major cities over Slovakia.

New Electronic Toll System Started in Slovakia

The Slovak Republic changes the system of charging the road infrastructure from highway stickers to the electronic toll collection system. The new electronic tolling system put into operation at midnight on 1st January 2010.

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