Slovakia: New Burden for Insurance Industry

Politics ♦ Published: October 21, 2013; 07:20 ♦ (Vindobona)

The Slovak government extends special taxes for companies operating regulated sectors. The bank tax will be abolished in the course of the next years.

Slovakia: New Burden for Insurance Industry / Picture: ©

Prime Minister Fico emphasized that austerity measures are a priority for the Slovak government. After a budget deficit of 4.3% in 2013, Slovakia´s government wants to lower the budget gap to 3.0% of GDP. Due to the promising economic frame conditions, Slovakia´s government may actually reach this objective.

Like other smaller and open countries in Central and Eastern Europe,…