May - 2018

Tighter credit standards

A dozen new international retail brands entered the Slovak market last year, according to data from Cushman & Wakefield, a consultancy. They include Nespresso, Domino's Pizza, Iqos, Khiel's, Douglas, Tasty Donuts&Coffee, U.S. Pollo, Poe Poe, Kobe Steak Grill Sushi, Galileo, and Superdry. Slovakia is often the last country in the region where brands set up shop. Czechia saw the inflow of over 30 new brands last year. This year, Slovakia expects a higher number of new brands co

Tighter credit standards

On Tuesday, the central bank NBS approved further measures aimed at curbing the growth in retail lending, the volume of which has doubled since 2012. Starting in July, banks won’t be allowed to provide loans to applicants with debts over 8-times their net annual income. Mortgages for more than 90% of the real estate value will be banned, and those over 80% will be restricted. NBS emphasizes that credit standards will be tightened gradually and the July measures start where th

Sprísňovanie úverových štandardov

Centrálna banka NBS v utorok prijala ďalšie opatrenia s cieľom zmierniť rast úverov domácnostiam. Ich objem sa od roku 2012 zdvojnásobil. Banky od júla nebudú môcť poskytnúť úver žiadateľom s dlhom nad 8-násobok ročného čistého príjmu. Tiež nebudú môcť poskytnúť hypotéku nad 90% hodnoty nehnuteľnosti a objem hypoték nad 80% bude limitovaný. NBS zdôrazňuje, že limity sa budú sprísňovať postupne a začínajú tam, kde sa trh dnes nachádza. Pre klientov tak príde zmena postupne a n

Nové značky na slovenskom trhu

Na slovenský trh vlani prišlo 12 nových medzinárodných retailových značiek, ukazujú údaje poradenskej firmy Cushman & Wakefield. Príkladom sú značky Nespresso, Domino's Pizza, Iqos, Khiel's, Douglas, Tasty Donuts&Coffee, U.S. Pollo, Poe Poe, Kobe Steak Grill Sushi, Galileo, či Superdry. Slovensko je zväčša poslednou krajinou v regióne, kde značky prídu. V Česku vlani prišlo na trh vyše 30 značiek. Tento rok sa na Slovensku očakáva ešte väčší prílev, príkladom sú značky Burger

Jaguar Land Rover will launch production on September 3

The new plant of British car maker Jaguar Land Rover in Nitra already employs 1,300 people and makes several cars a day, all to be shredded. The plant will launch actual production on September 3. Its first model will be Discovery and another model, yet to be identified, will be added later. Next year, it expects to make 150,000 cars. It will increase its workforce to 2,800 in 2020, and production capacity to 300,000 vehicles in 2021. It is training its workers in a new €7.5m

Slovakia will receive 22% less in EU funds

Slovakia will receive 22% less in EU funds in 2021-27 compared to 2014-20, proposed the European Commission on Tuesday. The V4 countries will be impacted the most by cuts in cohesion funds, due to their rising living standards and more money going to regions hit by migration and financial crises. The EC proposed the largest increases in spending for Italy, Spain, and Greece. Slovakia should be allocated €11.8bn, down from the current €15.1bn (these are 2018 prices; in current

Jaguar Land Rover spustí výrobu 3. septembra

Nový závod britskej automobilky Jaguar Land Rover v Nitre už zamestnáva 1.300 ľudí a vyrába niekoľko áut SUV modelu Discovery denne. Zatiaľ idú všetky do šrotu. Závod odštartuje výrobu 3. septembra, najprv s modelom Discovery a neskôr s ďalším, ktorého meno ale zatiaľ neprezradil. Budúci rok očakáva výrobu 150.000 áut, od roku 2021 bude výrobná kapacita 300.000 vozidiel. Do roku 2020 navýši zamestnanosť na 2.800 ľudí. Zamestnancov školí v tréningovej akadémii, do ktorej inves

Slovensko dostane o 22% menej EÚ fondov

Slovensko dostane na roky 2021-27 o 22% menej EÚ fondov v porovnaní s rokmi 2014-20, navrhla včera Európska komisia. Škrty v kohéznych fondoch sa najviac dotknú krajín V4, pre ich rastúcu životnú úroveň a presun peňazí do regiónov postihnutých migračnou a finančnou krízou. Najväčšie nárasty EK navrhla pre Taliansko, Španielsko, či Grécko. Slovensko má dostať 11,8 mld €, v porovnaní s 15,1 mld € v súčasnom období (prepočet na stále ceny roka 2018; v bežných cenách dostane Slov

Pellegrini has stood up to the Fico-Kaliňák duo

PM Peter Pellegrini refused Marián Slobodník as a candidate for new Police Chief. He was put forward by Interior Minister Denisa Saková. Slobodník’s son-in-law does business with Ladislav Bašternák, charged with tax fraud. Both are shareholders of a loss-making outlet center in Voderady. Media also reported several cases where Slobodník settled the traffic offences of well-connected people. This is the second time Pellegrini has stood up to the Fico-Kaliňák duo. First, he for

Finance Ministry plans to introduce a new digital services tax

The Finance Ministry plans to introduce a new digital services tax and will present legislation in September. The new tax will apply on revenues from the provision of digital services, such as the sale of online advertising space, digital mediation services, and the sale of users’ data. The Slovak draft will be based on a directive the EU submitted in March. The EU directive aspires to tax companies such as Google and Amazon in countries where they create value and not where

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