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| Weekly update on Slovak economy and business |
| Slovakia, 21.10.2008 |
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| [15.10.2008, TREND / Tosca Cicuttová]
OCTOBER 7
A Metro shopping centre is to be built in Bratislava. Metro Cash & Carry Slovakia, s.r.o. plans to build a wholesale self-service centre for approximately 350 mil. Sk (11.617 mil. €) between Lamač and Záhorská Bystrica.
The European Commission has requested that Slovakia allow economic competition in the hybrid post sector. The EC believes that recent amendments to legal regulations on postal services breach the provisions of the European Union Treaty related to a dominant position on the market. After the introduction of the euro in Slovakia, exchange rates published by the National Bank of Slovakia (NBS) on a daily basis will change as well starting as of 1 January 2009. Based on a decision taken by the NBS Bank Board, starting from January 2009, direct quotations showing the value of foreign currency in Slovak crowns will be replaced with indirect quotations, which will show how many units of foreign currency are paid for one unit of local currency, i.e. the euro.
OCTOBER 8
At a meeting held in Spišská Nová Ves, the cabinet approved a draft amendment to the Act on deposit protection, submitted by the Minister of Finance, Ján Počiatek. The cabinet also approved a proposal that the amendment should be discussed by parliament in a shortened legislative procedure. In addition, the cabinet also approved the National Programme of Reforms of the SR for 2008-2010. The total expenses of the public administration budget spent on measures stipulated in the programme will amount to 74 bil. Sk (2.5 bil. EUR). This estimate also includes the cost of the construction of motorways, which represents more than 50% of total costs.
In the World Economic Forum’s list of competitiveness, Slovakia ranked 46 of the 134 countries assessed, a fall of four places compared with the previous year.
The town of Levice is to enlarge its industrial zone by a further 30 hectares. A study has been drawn up and the municipality has begun negotiations with the Slovak Land Fund. The Mayor of Levice, Štefan Mišák, told the SITA press agency that two Italian companies had expressed interest.
Swedish company, SWEP, plans to diversify production at the Kechnec industrial park. The investment in the diversification of the production of compact heat exchangers will total 180 mil. Sk (5.974 mil. €). According to the investment plan, 90 new jobs are to be created in Eastern Slovakia. The investor plans to start construction of the new production premises in November, and the construction should be completed in September 2009.
OCTOBER 9
In mid-November, the United States will decide whether Slovaks can travel to the US without a visa, stated US President, George Bush, at a briefing in the Oval room, after his meeting with the Slovak President, Ivan Gašparovič.
The Australian government has decided to include the Slovak Republic into a new visa system – so-called E-Visitors. This will unify the visa regime for all EU member states. Slovenské elektrárne, a.s. (SE) plan to construct a CHP cycle with a capacity of around 400 megawatts at the Vojany power plant.
The participants of a meeting of the Board of Directors of the Slovak Chamber of Agriculture and Food, which was held in Liptovský Ján, stated that insufficient sales of commodities of vegetable and livestock productions meant agriculture was in a deep crisis, the worst since 1989.
The company, Trajekt, a.s. plans to build office, logistic and storage centre for more than 1 bil. Sk (33.193 mil. €). Based on the investment plan, the investor wishes to start construction of the centre in Ružinov in March 2009. The construction should be completed within one year.
As a response to the requirements of ĽS-HZDS, the director of Symsite Research, Vladimír Dohnal, told the SITA press agency that the state did not have any reason to claim shares in banks for guarantying citizen’s deposits. The political party stated that it would support unlimited guarantees for deposits in banks provided that the state obtains a stake in these institutions.
OCTOBER 10
Two new industrial parks are to be built in Slovakia. BSI Investment s.r.o. plans to build a new park in Trenčianske Stankovce at a cost of more than 220 mil. Sk (7.302 mil. €). Topoľčany municipality wishes to build a new industry zone in Práznovská at a cost of more than 87 mil. Sk (2.887 mil. €). The industrial park close to Trenčín will be a logistic park and the one in Topoľčany will focus on engineering and electrotechnics.
Slovenské elektrárne, a.s. (SE) plans to build at least four small hydroelectric power plants. Company spokesman, Juraj Kopřiva, told the SITA press agency that the power plants will be built on the Rivers Hron and Váh.
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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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