The future of the Slovak automotive sector depends on the decisions of four global car makers concerning where they will produce electric cars. If the car makers abandon internal combustion engines (ICE), the automotive sector will lose over a third of its jobs as it is much easier to make electric cars. The game is on where the jobs will disappear. German Labor Unions have pushed Volkswagen to move the production of electric cars to Germany. The only VW electric car is made

PM Robert Fico is ready to merge parliament’s vote on freezing politicians’ wages with a no-confidence vote in the government. The wage freeze, in effect since 2011, was approved by the government for next year as well. Parliament, though, refused to support it on Wednesday. Coalition parties Most-Híd and SNS are openly against this “populist gesture” and over half of Smer MPs voted against it too. Smer’s coalition partners responded to Fico’s ultimatum by speaking about “rap

Premiér Robert Fico je pripravený spojiť hlasovanie o zmrazení platov politikov s hlasovaním o dôvere vláde. Zmrazenie, v platnosti od roku 2011, schválila vláda aj na budúci rok. V stredu ho ale odmietol parlament, vrátane časti poslancov Smeru, a koaličné strany Most-Híd a SNS sú otvorene proti tomuto „populistickému gestu”. Tiež sa im nepáči Ficovo ultimátum, hovoria o „znásilňovaní poslancov” a „zlom precedense”. Na spojení hlasovaní o eurovale s dôverou vláde padla stred

Budúcnosť automobilového priemyslu na Slovensku ovplyvnia rozhodnutia vedenia štyroch automobiliek o umiestnení výroby elektrických áut. Ak by automobilky opustili klasické motory, zamestnanosť v automobilovom sektore by klesla minimálne o tretinu, keďže elektrické autá sú jednoduchšie na výrobu. Nie je jasné, kde tieto miesta zmiznú. Nemecké odbory Volkswagenu už dotlačili vedenie k tomu, aby sústredilo výrobu elektrických áut do Nemecka. Zatiaľ jediné e-auto značky VW sa pr

Slovakia ranks 49th among 190 countries in the Paying Taxes 2018 study compiled by the World Bank and PwC, a consultancy. Slovakia moved up seven places compared to last year. It benefits from the relative ease of tax administration, but loses out because of the relatively high tax burden, the 5th highest in the EU. Results of neighboring countries, total tax and contribution rate and time in hours to comply with all tax obligations: tax hours 39. Austria 51.

The Slovak Spectator weekly compiled the list of the largest law firms in Slovakia, based on the number of lawyers, revenues, and net profit per partner. It also published a list of their largest deals. In 2016, the ten largest law firms posted an 11% annual decrease in revenues, and their combined net profit was 28% lower. The largest law firms: 1. Soukeník – Štrpka 2. Ružička Csekes 3. Allen & Overy 4. Ecker-Kán 5. Relevans 6. Havel & Partners 7. Škubla & Partneri 8. Taylor

Týždenník Slovak Spectator zverejnil zoznam najväčších právnických kancelárií na Slovensku, na základe počtu právnikov, výnosov a zisku na partnera. Zverejnil aj ich najväčšie biznisy za vlaňajšok. Výnosy desiatich najväčších firiem na trhu vlani medziročne klesli o 11% a ich spoločný čistý zisk bol o 28% nižší. Najväčšie právnické kancelárie: 1. Soukeník – Štrpka 2. Ružička Csekes 3. Allen & Overy 4. Ecker-Kán 5. Relevans 6. Havel & Partners 7. Škubla & Partneri 8. TaylorWes

Slovensko obsadilo v rebríčku Paying Taxes 2018, ktorý vydala Svetová banka a poradenská spoločnosť PwC, 49. priečku spomedzi 190 krajín, čo oproti vlaňajšku znamenalo posun nahor o sedem miest. Slovensko boduje krátkym časom, ktorý zaberie splnenie daňových povinností, ale stráca pre vysoké daňové a odvodové zaťaženie, až piate najvyššie v EÚ. Výsledok okolitých krajín, celkové daňové zaťaženie a počet hodín potrebných na splnenie daňových povinností: dane hodiny 39. Ra

Hungarian OTP bank decided to double the basic capital of its Slovak subsidiary to €177m. It owns 99.3% of the shares in OTP Banka Slovensko. The €88.8m capital injection was approved by the shareholder in 2015 and will fund business activities expansion and meeting new capital requirements. Since 2009, the bank has posted a €28.4m cumulative loss, and it added another €3m loss three quarters into this year. OTP tried to sell its Slovak subsidiary in 2007, but now is allegedl

Parliament is going to change the government’s revision to the Income Tax Act that taxes Slovak owners of shell companies abroad. The government’s draft only applied to legal entities, but yesterday, parliament’s financial committee approved a change that extends the taxation to individuals with foreign shell companies as well. (Beblavý)