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| Slovakia News Summary (August 27 - September 1) |
| Bratislava, 09.09.2008 |
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| Weekly update on Slovak economy and business
[3.9.2008, TREND / Tosca Cicuttová]
AUGUST 29
In the first half of 2008 the balance of payments current account deficit was 47.6 bil. Sk (1.58 bil. €) according to interim figures published by the National Bank of Slovakia. In July the deficit increased by 8.7 bil. Sk (288.8 mil. €). The trade balance also booked a deficit of 1.7 bil. Sk (56.43 mil. €) during the first six months.
More developers are to locate in Prešov. A new shopping park and leisure centre is to be built in the capital of Šariš. The Targest company plans to build a trade centre for the sale of consumer and non-food products at a total cost of around 300 mil. Sk (99.581 mil. €). Construction work is scheduled to start this year and the centre is planned for completion next year.
Crown Bevcan Slovakia, s.r.o., a member of the US-based international group, Crown Holdings, Inc., plans to invest 40 mil. eur (1.205 bil. Sk) in the village of Kechnec. The company plans to build a factory in Eastern Slovakia for the production of aluminium beverage cans for alcoholic and non-alcoholic beverages. The investor plans to create 200 new jobs.
AUGUST 27
Units 3 and 4 of the Mochovce nuclear power plant will be completed one year and 18 months later than the original deadline declared by Slovenské elektrárne, a.s. (SE) stated the Minister of Economy, Ľubomír Jahnátek after a cabinet meeting. SE announced that the 3rd unit will be put into operation in December 2012 and the 4th unit should be ready 18 months later.
The cabinet decided military courts are to be abolished by supporting a new act on the abolition of these courts.
Effective as of next year the enforcement of receivables of health care insurance companies from their clients will become faster and more efficient. The cabinet approved a Proposal to Simplify Health Insurance Premium Collection and the Collection of Outstanding Payments.
This year cereal production (wheat, rye, barley, oats) will be 35.1% higher compared to last year’s harvest. An estimate published by the Slovak Statistical Office on August 15 states that the cereal crop will be 4.53 tons per hectare whereas in 2007 it was 3.46 t/ha.
In the second quarter the growth of real estate prices in Slovakia slowed a little. The average price per square meter of flat or house increased by 31.2% y/y to 46 658 Sk (1,549 €).
AUGUST 28
Jarovnice Village in Prešov district plans to build an industrial park. The total cost of the industrial zone will be more than 36 mil. Sk (1.194 mil. €). During the first phase the industrial park will create 420 new jobs. The industrial zone will provide premises and warehouses for small to medium companies operating in the engineering, electro-technical and clothing industries.
According to figures published by the Slovak Statistical Office in August, the economic sentiment indicator increased compared to June by 0.6 percentage points to 97.1 points thanks to positive developments in the retail sector and the stable situation in the construction industry. The index fell by 11.5% y/y and by 3.9 percentage points compared to the long-term average.
AUGUST 29
The parental allowance will be increased from the current 4 560 Sk (151.4 €) to 4 780 Sk (158.7 €) effective as of September this year according to a decree on the amount of parental allowance that will enter into force on September 1.
SEPTEMBER 1
Slovak Prime Minister Robert Fico cast doubts on the results of a public opinion poll showing that as many as 40 percent of young Slovaks do not have a positive relation towards Hungarians. His Hungarian counterpart Ferenc Gyurcsany mentioned the survey at a joint news conference in Brussels. Mr. Fico doubted as well trustworthiness of the non-governrmental organization Open Society Foundation on this occasion.
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Address : Euro-Brew Ltd., Hlboká 22, 917 01 Trnava, Slovakia
Tel. : +421 33 53 418 53, Fax : +421 33 53 418 52, E-mail : info@eurobrew.sk |
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