September - 2019

Jaguar Land Rover received the first half of investment stimuli

The Economy Ministry is sending Jaguar Land Rover car maker €65.4m as the first half of the investment stimuli for its new plant in Nitra. In exchange for the €129.8m stimulus, the car maker promised to invest €1.4bn into a new plant with annual capacity of 150,000 cars and create 2,800 jobs. The plant already employs 2,600, makes the LR Discovery model and is getting ready for the production of the LR Defender model. Besides the stimulus, the state also spent €500m on the Ni

Government approved a major hospital reform

The government approved a major hospital reform that strives to improve the quality of care via closing down hospital units and entire hospitals that do not meet criteria in terms of quality and size. PM Peter Pellegrini (Smer) admitted the reform does not have the support of the Smer and SNS parties, necessary for parliament to approve it. He will continue talks with all political parties. So far, the opposition parties SaS, OĽaNO and Sme rodina back the reform, along with t

Vláda schválila reformu nemocníc

Vláda schválila reformu nemocníc, ktorá s cieľom skvalitnenia poskytovanej starostlivosti povedie k zatváraniu oddelení a nemocníc nespĺňajúcich kvalitatívne a veľkostné kritériá. Premiér Peter Pellegrini (Smer) priznal, že reforma nemá podporu jeho strany ani SNS, bez ktorej v parlamente neprejde. Bude preto rokovať s politickými stranami. Reformu už podporili opozičné strany SaS, OĽaNO a Sme rodina, ako aj koaličný Most-Híd. Reforma sa má implementovať do roku 2030 a zatiaľ

Jaguar Land Rover dostal prvú časť investičného stimulu

Ministerstvo hospodárstva posiela automobilke Jaguar Land Rover 65,4 mil. €, čo je prvá polovica investičnej pomoci na výstavbu závodu v Nitre. Výmenou za stimul 129,8 mil. € automobilka sľúbila investovať 1,4 mld € do závodu s kapacitou 150.000 áut ročne a vytvoriť 2.800 pracovných miest. Závod už zamestnáva 2.600 ľudí, vyrába model LR Discovery a pripravuje výrobu modelu LR Defender. Okrem stimulu štát investoval 500 mil. € do priemyselného parku v Nitre. (SME/4)

Schaeffler will develop drive modules for hybrids and electric vehicles in Slovakia

The Kysucké Nové Mesto plant of Germany’s Schaeffler will develop drive modules for hybrids and electric vehicles. The German company employs almost 10,000 in its two Slovak plants (the other in Skalica) in the production of bearings. Within three years, it will create 200 new jobs in electromobility. Last year, Schaeffler invested €65m in Slovakia, down 16% annually. Continental, Schaeffler’s sister company, is developing Industry 4.0 technologies in its Zvolen brake compone

Tax revenues will be €251m lower compared to state budget

The tax revenues will be €251m lower this year compared to the approved state budget, according to the updated Finance Ministry’s tax prognosis. Next year, they will be €1bn lower, but still will grow 4% annually. Last year, the tax revenues were €900m higher than planned (by €700m higher in 2017) which allowed the government to approve ’social’ measures. The lower tax intake comes on the back of economic slowdown in Western Europe that curbs the Slovak economic growth, too.

Schaeffler bude na Slovensku vyvíjať pohonné moduly pre hybridy a elektromobily

Závod v Kysuckom Novom Meste nemeckej firmy Schaeffler bude vyvíjať pohonné moduly pre hybridy a elektromobily. Nemecká firma na Slovensku zamestnáva vo výrobe ložísk takmer 10.000 ľudí, druhý závod má v Skalici. Do troch rokov vytvorí v elektromobilite 200 nových pracovných miest. Vlani Schaeffler na Slovensku investoval 65 mil. €, čo je medziročný pokles o 16%. Continental, sesterská firma Schaeffler, zas vo svojom závode vo Zvolene vyvíja technológie pre Priemysel 4.0. (et

Daňové príjmy budú tento rok o 251 mil. € nižšie v porovnaní so štátnym rozpočtom

Daňové príjmy budú tento rok o 251 mil. € nižšie v porovnaní so štátnym rozpočtom schváleným koncom vlaňajška, uvádza aktualizovaná prognóza Ministerstva financií. Budúci rok budú o 1 mld € nižšie než plán, ale medziročne stále o 4% vyššie. Vlani pritom boli príjmy štátu o 900 mil. € vyššie než plán (700 mil. € v roku 2017) a vláda tak mohla realizovať sociálne balíčky. Dôvodom nižších daňových príjmov je spomalenie ekonomického rastu v západnej Európe, ktoré spomalí tempo ra

Penta is seeking strategic partner for its hospitals

Penta is seeking a strategic partner for its 34 hospitals in Slovakia, Czechia and Poland. It has already hired an advisor and is talking to three potential investors from the USA, Italy, and China. Penta intends to keep a majority stake and managerial control in its hospitals. The reasons for the move include concerns over political interference in healthcare, as well as new capital and know-how. The partner won’t gain a stake in Penta’s insurer Dôvera and Dr.Max pharmacy ch

Prima banka the first bank in the CEE region to issue bonds with a negative yield

Prima banka, owned by Penta, is the first bank in the CEE region to issue collateralized bonds with a negative yield. Its 7-year issue totaling €500m has a yield of -0.096%. Scandinavian banks sold bonds with a negative issue this summer. The issue was managed by Commerzbank, DZ BANK and LBBW. SLSP has recently sold 7-year bonds worth €500m with a yield of 0.221%, Tatra banka 7-year bonds totaling €250m with a yield 0.16% and VÚB 10-year bonds totaling €1bn with a yield of 0.

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