The energy price spike could be a favorable environment to curb energy-intensive production in Slovakia and it would be good if some manufacturers leave Slovakia, said Environment Minister Ján Budaj (OĽaNO). He gave Slovalco (aluminum) and Duslo (fertilizers) as examples. However, he is concerned that the current government might provide special subsidies to energy-intensive companies. He refuses to subsidize them from the Environmental Fund. (sme.sk)

EPH (Daniel Křetínský) is selling its 49% stake in energy distributor SSE, HN sources say. It bought the stake in 2013 for €400m (the state owns the remaining 51%). Suitors are already conducting due diligence in SSE. EPH and SSE declined to comment. The price tag is allegedly €1bn and the suitors include ČEZ (Czechia), MVM, Mavir (Hungary) and E.ON (Germany). In 2018-20, distributor SSE posted an average net profit of €97m on €433m sales (net profit margin of 22%). (hnonlin

EPH (Daniel Křetínský) pripravuje predaj 49% podielu v energetickom distribútorovi SSE, tvrdia zdroje HN. Akcie kúpil v roku 2013 za 400 mil. € (zvyšných 51% vlastní štát). V spoločnosti už údajne prebieha due diligence. EPH aj SSE odmietli informácie komentovať. Cena má údajne dosahovať 1 mld € a medzi záujemcami sú český ČEZ, maďarské MVM a Mavir, či nemecký E.ON. V rokoch 2018-20 vykázal SSE priemerný ročný čistý zisk 97 mil. € pri tržbách 433 mil. € (čistá zisková marža

Súčasný prudký rast cien energií by mohol byť dobrým prostredím na obmedzenie energeticky náročnej výroby na Slovensku a bolo by dobré, keby niektoré výroby zo Slovenska odišli, uviedol minister životného prostredia Ján Budaj (OĽaNO). Ako príklad uvádza hlinikáreň Slovalco a výrobcu hnojív Duslo. Obáva sa, že súčasná vláda bude energeticky náročné výroby ďalej podporovať, on im dotácie z Environmentálneho fondu nechce poskytovať. (sme.sk)

Czech-based Pale Fire Capital has invested €2.3m into the local CF Group (Jozef Bardík) that runs fast food chains Regal Burger, Poke Bistro, La Garnacha, Chuck&Frida, and Banh-mi-Ba. CF Group used some of the money to acquire a majority stake in Vietnamese street food chain Banh-mi-Ba from Pale Fire Capital. The chain is entering the Slovak market and is opening the first joint in the Nivy center. CF Group plans to open 20 new places in the final quarter of this year. Its Re

A Creditor Committee of insolvent Arca Capital Slovakia has approved a debt restructuring proposal according to which the company is to repay 73% of its debts within five years. Its previous plan offered 67% and the Committee rejected it. Smaller creditors unsuccessfully asked for the repayment of 95-100% of debts. In 30 days, all creditors will vote on the plan. (sme.sk)

Veriteľský výbor insolventnej Arca Capital Slovakia schválil reštrukturalizačný plán, podľa ktorého má firma do piatich rokov splatiť 73% svojich dlhov. Predchádzajúci plán ponúkal 67% a veritelia ho odmietli. Menší veritelia neúspešne žiadali splatenie 95-100% dlhov. Do 30 dní budú o pláne hlasovať všetci veritelia. (sme.sk)

Česká skupina Pale Fire Capital investovala 2,3 mil. € do slovenskej CF Group (Jozef Bardík), ktorá prevádzkuje gastronomické koncepty Regal Burger, Poke Bistro, La Garnacha, Chuck&Frida a Banh-mi-Ba. CF Group použila časť investície na získanie väčšinového podielu v sieti vietnamského street foodu Banh-mi-Bratislava od Pale Fire Capital. Táto sieť vstupuje na slovenský trh a prvú prevádzku bude mať v nákupnom centre Nivy. Celkovo chce CF Group otvoriť v poslednom štvrťroku t

The third pandemic wave is impacting the real economy much less compared to last year’s second wave. Household consumption keeps growing and the labor market is stable, although the demand for labor is weaker, says the Financial Policy Institute. The frequency of working from home did not increase significantly. eKasa data show that retail sales for the first 20 days of October were up by 9.4% annually and restaurant sales by 32% higher. Searching for the word "profesia" on t

The Finance Ministry has declared that the tax break for ETF funds is not automatic and yields from some ETF funds must be taxed. Based on legislation passed in 2015, the general consensus was that yields from ETF funds traded on stock exchanges are not taxed if the funds are held for over a year. The ministry, though, now says that some ETF funds resemble mutual funds, which are not tax exempt. Securities traders and banks are confused and disagree. The ministry is not offer