Minister of Economy Saková discussed the possibilities of gas transport to Slovakia from the Caspian Region
On Wednesday 10 April 2024, Deputy Prime Minister and Minister of Economy of the Slovak Republic Denisa Saková met with the Minister of Economy of Azerbaijan Mikayil Jabbarov. Also, Prime Minister of the Slovak Republic Robert Fico attended the meeting, which addressed the possibilities of gas transport to Slovakia from the Caspian Region. Beyond this, discussions focused on enhancing trade cooperation between the two countries, promotion of mutual investments and preparations for the first session of the Joint Slovak-Azerbaijani Work Group on Cooperation in Economy.
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The European Commission has today officially approved an investment aid in favour of Volvo Cars Slovakia that will create some 3,300 jobs in eastern Slovakia
On Monday 8 April 2024, the European Commission officially approved a state investment aid in favour of Volvo Cars Slovakia that carries out its investment in the State Industrial Park in Valaliky located near Košice. The approved aid marks a significant step in a successful implementation of the project. The investment will not only profoundly promote the development of eastern Slovakia, but will also create some 3 300 jobs in eastern Slovakia, while contributing to the transition of the Slovak automotive industry to electromobility.
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Nuclear Energy is supposed to contribute in a significant way to ensuring sufficient energy and decarbonisation
At the first-ever Nuclear Energy Summit organized in Brussels, as many as 36 countries, including China, India and USA, addressed the irreplaceable importance of nuclear energy in ensuring sufficient energy for a common consumption and also for industry. In their discussions, the countries highlighted also the irreplaceable role of nuclear energy in the transition from fossil fuels. Financing modalities of construction of new nuclear sources and a possible lifetime extension of existing reactors were among issues debated at the summit. In this connection, France has taken an initiative aimed at involving multilateral institutions, such as the World Bank, the European Bank for Reconstruction and Development or their equivalents from Asia or America, to a greater extent, in financing these projects.
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Amendments to Energy Laws bring strengthening of consumer rights and protection in the energy sector and the transfer of powers to ÚRSO in the field of state supervision
Ministry of Economy of the Slovak Republic elaborated extensive amendments to four basic energy laws that mainly take account of the experience from the application practice. Amendments to the energy laws bring about clearer invoices for consumers and extension of powers and new control competences for the Regulatory Office for Network Industries (ÚRSO), which means its stronger position. At the same time, ÚRSO obtains new powers from the Slovak Trade Inspection (SOI) in the field of state supervision. In addition to this, there are changes in exercising the ways of price regulation and regarding provisions relating to the imposition of obligations in the general economic interest. Amendments will also make it easier to connect renewable sources. Amendments to the energy laws are proposed to enter into force as of 1 July 2024, following the approval by the Slovak Parliament.
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Procedures in industrial parks construction to be reviewed by the Supreme Audit Office of the Slovak Republic
Ministry of Economy of the Slovak Republic will be providing assistance to the Supreme Audit Office (NKÚ) of the Slovak Republic that launched an audit of processes related to the preparation and construction of Industrial Parks in Rimavská Sobota and in Valaliky located near Košice. Preparatory works of strategic investors for starting their production are currently underway in both industrial parks.
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State Secretaries of the Ministry of Economy of the Slovak Republic engaged in talks held with the former Prime Minister of Italy Enrico Letta
State Secretaries of the Ministry of Economy of the Slovak Republic Kamil Šaško and Vladimír Šimoňák engaged in talks held with the President of Jacques Delors Institute and the former Prime Minister of Italy Enrico Letta that were organized on Tuesday 5 March 2024 at the Office of the Government of the Slovak Republic. Joint talks were led by the Prime Minister of the Slovak Republic Robert Fico and they dealt with reviewing major challenges of the European Union Single Market while focusing on experiences and conditions of the Slovak economy.
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