Legislative and Policy Update: December 2017



SLOVAK REPUBLIC


EUROPEAN UNION

AUTOMOTIVE: On December 13, 2017, the Cabinet approved the proposal for Measures to Remove Barriers to the Sustainable Development of the Automotive Industry in Slovakia. For more information click here. (REF: www.rokovania.sk 13/12/2017)

 

BRATISLAVA: On December 13, 2017, the Cabinet approved the proposal to address the current needs of the city Bratislava, the capital city of the Slovak Republic. For more information click here. (REF: www.rokovania.sk 13/12/2017)

 

CENSUS: On December 13, 2017, the Cabinet approved the Legislative Intention of the Population and Housing Census Act 2021. For more information click here. (REF: www.rokovania.sk 13/12/2017)

 

ECONOMY: According to the Statistics Office of the Slovak Republic, the real GDP growth in Slovakia reached 3.4% over the third quarter of 2017. It thus revised up modestly, by 0.1 percentage points, its flash estimate of economic growth from the previous month. GDP growth rate accelerated by 0.7 percentage points in annual terms. The Slovak economy also maintains a quarterly growth, which reached 0.8% in the third quarter versus the second quarter. For more information click here. (REF: SITA A.M. 06/12/2017)

 

EDUCATION: On December 4, 2017, The Ministry of Education officially adopted the Slovak Qualifications Framework and the National Qualifications Framework. Slovakia has thus become the 33rd country to relate its national qualification framework to a common European frame, the European Qualifications Framework. The national qualifications framework unites demands on individual qualifications and describes different ways to achieve them. For more information click here. (REF: SITA A.M. 05/12/2017)

 

EDUCATION: According to the Round University Ranking world chart, The Comenius University in Bratislava ranked 240th in the category of natural sciences and 279th in medical sciences, which is an improvement by 37 spots from 2016. In humanities, the school placed 285th. For more information click here. (REF: SITA A.M. 07/12/2017)

 

EMPLOYMENT: According to the social insurance provider Sociálna Poisťovňa, the number of people with permanent job contracts has been on the increase. There were 2,010,805 employees registered in October, which is an increase by 77,302 compared to October 2016. The number of temporary jobs fell by 37,037 to 408,850 in October 2017 y/y. For more information click here. (REF: SITA A.M. 31/12/2017)

 

GOVERNMENT: On December 13, 2017, the Cabinet approved a Material called Focus on Control Activities of the Office of the Government of the Slovak Republic for 2018. For more information click here. (REF: www.rokovania.sk 13/12/2017)

 

HEALTH CARE: On December 21, 2017, the Parliament approved an amendment to the Healthcare Act, which introduces extra surgery hours. It means that if a doctor or a healthcare provider fulfills law-set conditions, which means that s/he has to provide specialized outpatient medical care in the scope of at least 30 hours and general medical care for 35 hours a week, s/he can establish extra surgery hours at times exactly defined. Extra surgery hours will be provided on a voluntary basis. The maximum payment by a patient for treatment during extra office hours will be 30 euros, while the original suggestion was 50 euros.  For more information click here. (REF: www.nrsr.sk 21/12/2017)

 

HIGHWAYS: The National Highway Company has handed over a 4.25-kilometer stretch D3 Žilina, Strážov – Brodno, and drivers may start using the North-West Žilina bypass to Kysuce. For more information click here. (REF: SITA A.M. 04/12/2017)

 

INVESTMENT: According to the Nitra-North Industrial Park, four new investors are coming to the industrial park in Nitra. They will open hundreds of new jobs. One of the investors will be a subcontractor of Jaguar Land Rover from Great Britain; another company is from Poland and wants to provide services for the industrial park. Two companies are already operating in Nitra and want to move to the industrial park to expand their operations. For more information click here. (REF: SITA A.M. 11/12/2017)

 

IT: According to the Deloitte Technology Fast 500 ranking for Europe, the Middle East, and Africa, four Slovak companies made it among the fastest growing technology companies in Europe this year = Inloop (51st), Riešenia (323th), Pizza SEO (388th), and RESCO (439th). For more information click here. (REF: SITA A.M. 11/12/2017)

 

LEGISLATION: On December 13, 2017, the Cabinet approved the Draft Plan of Legislative Tasks of the Government of the Slovak Republic for 2018. For more information click here. (REF: www.rokovania.sk 13/12/2017)

 

LOANS: The National Bank of Slovakia indicated that it would further tighten the provision of home loans. People would be required to provide more of their own funds, for instance from their savings as Slovaks continue taking out loans at a fast pace without worrying too much thanks to low rates and the banks’ business strategy. For more information click here. (REF: SITA A.M. 05/12/2017)

 

NBS: On December 13, 2017, the Cabinet approved the Proposal to appoint the Vice-Governor of the National Bank of Slovakia. For more information click here. (REF: www.rokovania.sk 13/12/2017)

 

PRICES: According to the Statistics Office of the Slovak Republic, prices of services in Slovakia dropped slightly compared to last year. The prices of selected market services in the third quarter of this year decreased by 0.4% versus the third quarter of last year. In comparison with the second quarter of this year, the prices of selected market services were also lower, by 0.2%. In an annual comparison, in particular the prices for land transport and transport by pipelines services went down by 3.6%. On the other hand, mainly prices in postal and courier services increased by 3.6%. For more information click here. (REF: SITA A.M. 01/12/2017)

 

R&D: On December 13, 2017, the Cabinet approved the Report on the State of Research and Development in the Slovak Republic and its comparison with abroad for the year 2016. For more information click here. (REF: www.rokovania.sk 13/12/2017)

 

REAL ESTATE: According to the Statistics Office of the Slovak Republic, residential real estate prices in the third quarter of this year soared by 2.2% compared to the second quarter of the same year. Prices of new residential property went up by 4.4% and prices of existing apartments increased by 1.3 %. Compared to the third quarter of 2016, residential property prices grew by 7.3%. Prices of new residential real estate increased by 9.3%. For more information click here. (REF: SITA A.M. 01/12/2017)

 

REGIONS: On December 6, 2017, the Cabinet approved the Draft Addendum to the second Development Plan of the Revúca, Poltár, Rožňava and Kežmarok District and a Proposal for financial assistance from the Government reserve of the Slovak Republic. For more information click here. (REF: www.rokovania.sk 06/12/2017)

 

SOCIAL: According to the Cabinet Office, a municipal social company Gemer will be founded in the village of Gemer. The enterprise will make pasta and will create five jobs and will also employ disadvantaged jobseekers. The Action Plan of the district of Revúca plans on opening six social companies in the district. For more information click here. (REF: SITA A.M. 13/12/2017)

 

TAXES: On December 7, 2017, the Parliament approved the draft amendment to the Income Tax Act. For more information click here. (REF: SITA A.M. /www.nrsr.sk 07/12/2017)

 

WAGE: According to the Statistics Office of the Slovak Republic, the average nominal monthly wage of an employee in the Slovak economy in the third quarter of 2017 reached 935 EUR and grew by 5.2% y-o-y. As the Statistics Office of the Slovak Republic further informs, a lower increase in consumer prices compared with nominal wage growth influenced the development of real wages that soared 3.6% in annual terms. For more information click here. (REF: SITA A.M. 06/12/2017)



AGRICULTURE: On January 1, 2018, major improvements to EU agriculture rules came into force to continue a simpler, more modern Common Agricultural Policy. For more information click here. (REF: IP/17/5242)

 

CARS: The European Parliament, the European Council, and the European Commission reached a political agreement to significantly raise the quality level and independence of vehicle type-approval and testing, to increase checks of cars that are already on the EU market and to strengthen the overall system. For more information click here. (REF: IP/17/5131)

 

EDUCATION: On December 5, 2017, the Commissioner for International Cooperation and Development, announced the EU's additional contribution of 100 million EUR to replenish the Global Partnership for Education. The new funding comes on top of the 375 million EUR already committed in 2014. This support will help to ensure inclusive and equitable quality education and to promote lifelong learning opportunities for all, thus contributing to the achievement of the Sustainable Development Goals and the objective of leaving no one behind. For more information click here. (REF: IP/17/5103)

 

ENERGY: On December 11, 2017, EU launched the new platform which will facilitate the development of projects and long-term strategies in coal regions, with the aim of kick-starting the transition process and responding to environmental and social challenges. For more information click here. (REF: IP/17/5165)

 

ENERGY: On December 19, 2017, EU reached a political agreement on new rules for improving the energy performance of buildings.The improvements agreed include measures to strengthen the energy performance of new buildings, to accelerate the rate of building renovation towards more energy efficient systems and tapping into the huge potential for efficiency gains in the building sector. For more information click here. (REF: IP/17/5129)

 

ENVIRONMENT: On December 12, 2017, the European Commission responded to the European Citizens' Initiative "Ban glyphosate and protect people and the environment from toxic pesticides" and commits to presenting a legislative proposal in 2018, to further increase the transparency and quality of studies used in the scientific assessment of substances. For more information click here. (REF: IP/17/5191)

 

EU: According to Eurostat, the statistical office of the European Union, in October 2017, compared with September 2017, industrial producer prices rose by 0.4% in both the euro area and the EU28. In September 2017, prices increased by 0.5% in both zones. For more information click here. (REF: STAT/17/5102)

 

EU: According to Eurostat, the statistical office of the European Union, seasonally adjusted GDP rose by 0.6% in both the euro area and the EU28 during the third quarter of 2017, compared with the previous quarter. In the second quarter of 2017, GDP grew by 0.7% in both areas. For more information click here. (REF: STAT/17/5162)

 

EU: According to Eurostat, the statistical office of the European Union, globalization has an impact on businesses, governments and citizens, as globalized trade and investment notably changes our consumption, and production patterns, triggers the transformation of labor markets, supports technology transfer as well as industrial restructuring. Statistics can help to better understand how significant these impacts are. For more information click here. (REF: STAT/17/5245)

 

EU: According to Eurostat, the statistical office of the European Union, the number of persons employed increased by 0.4% in the euro area and by 0.3% in the EU28 in the third quarter of 2017 compared with the previous quarter. In the second quarter of 2017, employment increased by 0.4% in the euro area and by 0.5% in the EU28. These figures are seasonally adjusted. For more information click here. (REF: STAT/17/5265)

 

EU: According to Eurostat, the statistical office of the European Union, in October 2017 compared with September 2017, seasonally adjusted industrial production rose by 0.2% in the euro area and by 0.3% in the EU28. In September 2017, the industrial production fell by 0.5% in both zones. For more information click here. (REF: STAT/17/5264)

 

EU: According to Eurostat, the statistical office of the European Union, actual Individual Consumption is a measure of the material welfare of households. Across the Member States in 2016, AIC per capita expressed in Purchasing Power Standards varied from 53% of the European Union average in Bulgaria to 132% in Luxembourg. For more information click here. (REF: STAT/17/5282)

 

EU: According to Eurostat, the statistical office of the European Union, last year, 16% of enterprises located in the European Union and employing at least 10 persons had received orders via a website or via apps. Web sales include both sales to individual consumers and to other enterprises. The share of EU enterprises making web sales rose from 12% in 2010 to around 16% in 2014, since when it has been relatively stable. Among those EU enterprises with web sales in 2016, nearly all (97%) sold to their own country, while less than half (44%) sold to customers located in the other EU Member States and over a quarter (28%) to non-EU customers. For more information click here. (REF: STAT/17/5281)

 

EU: According to Eurostat, the statistical office of the European Union, the job vacancy rate in the euro area was 1.9% in the third quarter of 2017, stable compared with the previous quarter and up from 1.6% in the third quarter of 2016. In the EU28, the job vacancy rate was 2.0% in the third quarter of 2017, stable compared with the previous quarter and up from 1.7% in the third quarter of 2016. For more information click here. (REF: STAT/17/5317)

 

EU: According to Eurostat, the statistical office of the European Union, euro area annual inflation was 1.5% in November 2017, up from 1.4% in October. In November 2016, the rate was 0.6%. European Union annual inflation was 1.8% in November 2017, up from 1.7% in October. A year earlier the rate was 0.6%. For more information click here. (REF: STAT/17/5349)

 

EU: According to Eurostat, the statistical office of the European Union, the first estimate for euro area exports of goods to the rest of the world in October 2017 was 187.9 billion EUR, an increase of 8.8% compared with October 2016. Imports from the rest of the world stood at 168.9 billion EUR, a rise of 10.1% compared with October 2016. As a result, the euro area recorded a 18.9 billion EUR surplus in trade in goods with the rest of the world in October 2017, compared with +19.2 billion EUR in October 2016. Intra-euro area trade rose to 160.0 billion EUR in October 2017, up by 9.7% compared with October 2016. For more information click here. (REF: STAT/17/5303)

 

EU: According to Eurostat, the statistical office of the European Union, hourly labor costs rose by 1.6% in the euro area and by 2.1% in the EU28 in the third quarter of 2017, compared with the same quarter of the previous year. In the second quarter of 2017, hourly labor costs increased by 1.8% and 2.3% respectively. For more information click here. (REF: STAT/17/5355)

 

EU: On December 19, 2017, a new Eurobarometer was released and a majority of Europeans think the situation of the economy is good. Support for the euro is at its highest since 2004 in the euro area and optimism for the future of the EU outweighs pessimism. For more information click here. (REF: IP/17/5312)

 

FINANCE: On December 7, 2017, the European Commission followed up on an agreement to further strengthen the international post-crisis rules for banks. The Group of Governors and Heads of Supervision, the oversight body of the Basel Committee on Banking Supervision, has endorsed a package of amendments to the Basel III framework, the internationally agreed prudential standards for banks that aim to finalize the post-crisis reforms. This agreement is the result of a strategic review of those international reforms which was conducted by the Basel Committee with the aim of improving the balance between simplicity, comparability and risk sensitivity. For more information click here. (REF: IP/17/5171)

 

INNOVATION: On December 7, 2017, the European Commission announced which interregional partnerships will receive tailored support under a new EU-funded pilot action for innovative projects. The aim of this pilot action is to help these partnerships scale up their projects in priority sectors such as big data, bioeconomy, resource efficiency, advanced manufacturing or cybersecurity. For more information click here. (REF: IP/17/5108)

 

INVESTMENT: On December 12, 2017, Members of the European Parliament voted to adopt the Regulation to extend and enhance the European Fund for Strategic Investments, the central pillar of the Investment Plan for Europe. For more information click here. (REF: IP/17/5169)

 

LEGISLATION: On December 12, 2017, the European Parliament launched a new online register, which will make it easier to find and track EU decisions taken in the form of delegated acts. For more information click here. (REF: IP/17/5221)

 

LEGISLATION: On December 14, 2017, representatives of the European Commission, the European Parliament and the European Council signed the new Joint Declaration on the EU's legislative priorities for 2018 - 2019 for more united, stronger and more democratic European Union. For more information click here. (REF: IP/17/5266)

 

R&D: According to Eurostat, the statistical office of the European Union, in 2016, the Member States of the European Union spent all together over 300 billion EUR on Research & Development. The R&D expenditure as a percentage of GDP remained stable at 2.03% in 2016. Ten years ago (2006), R&D intensity was 1.76%. For more information click here. (REF: STAT/17/5061)

 

SOCIAL: According to Eurostat, the statistical office of the European Union, since 2010, social protection expenditure in the European Union has increased slightly, from 28.6% of GDP in 2010 to 29.0% in 2015. In 2015, the two main sources of funding of social protection at EU level were social contributions, making up 54% of total receipts, and general government contributions from taxes at 43%. For more information click here. (REF: STAT/17/5187)

 

SOCIAL: On December 21, 2017, the European Commission adopted a proposal for a new Directive for more transparent and predictable working conditions across the EU. The Commission's proposal complements and modernizes existing obligations to inform each worker of his or her working conditions. In addition, the proposal creates new minimum standards to ensure that all workers, including those on atypical contracts, benefit from more predictability and clarity as regards their working conditions. For more information click here. (REF: IP/17/5285)

 

TAX: On December 5, 2017, Ministers of Finance of EU Member States agreed on the first EU list of non-cooperative tax jurisdictions. In total, 17 countries failed to meet agreed tax good governance standards. In addition, 47 countries have committed to addressing deficiencies in their tax systems and to meet the required criteria, following contacts with the EU. This unprecedented exercise should raise the level of tax good governance globally and help prevent the large-scale tax abuse. For more information click here. (REF: IP/17/5121)

 

TAX:  On December 5, 2017, the European Commission welcomed an agreement on a series of measures to improve how VAT works for online companies in the EU. The new system will make it easier for consumers and businesses, in particular start-ups and SMEs, to buy and sell goods cross-border online. It will also help Member States to recoup the current estimated 5 billion EUR of VAT lost on online sales every year. For more information click here. (REF: IP/17/4404)

 

TAX: According to Eurostat, the statistical office of the European Union, the overall tax-to-GDP ratio, meaning the sum of taxes and net social contributions as a percentage of GDP, stood at 40.0% in the European Union in 2016, an increase compared with 2015 (39.7%). In the euro area, tax revenue accounted for 41.3% of GDP in 2016, slightly up from 41.2% in 2015. The tax-to-GDP ratio is therefore on the increase again in both zones after a slight decline recorded in the previous year. For more information click here. (REF: STAT/17/5161)

 

TAX: According to Eurostat, the statistical office of the European Union, the European Commission put forward new guidelines on withholding taxes to help Member States reduce costs and simplify procedures for cross-border investors in the EU. The new Code of Conduct offers solutions for investors who, as a result of how withholding taxes are applied, end up paying taxes twice on the income they receive from cross-border investments. For more information click here. (REF: IP/17/5193)

 

TRADE: According to Eurostat, the statistical office of the European Union, in October 2017 compared with September 2017, the seasonally adjusted volume of retail trade decreased by 1.1% in the euro area and by 0.5% in the EU28. In September, the retail trade volume rose by 0.8% in the euro area and by 0.2% in the EU28. For more information click here. (REF: STAT/17/5102)

 

TRADE: On December 5, 2017, a political agreement was reached between the European Commission, the European Council and the European Parliament on the modernisation of the EU's trade defence instruments. Anti-dumping and anti-subsidy regulations become more effective, transparent and easier to use for companies, and in some cases will enable the EU to impose higher duties on dumped products. For more information click here. (REF: IP/17/5136)

 

TRADE: On December 19, 2017, the European Commission tabled two legislative proposals to make it easier for companies, especially SMEs, to sell their products across Europe, and to strengthen controls by national authorities and customs officers to prevent unsafe products from being sold to European consumers. For more information click here. (REF: IP/17/5301)



 
 
 

Legislative and Policy Updates

   
 
 
 
 
Go to top