Russian Discount, Slovakia Wagons, Spice Losses – Economic Diary
Here’s a summary of the provided text, broken down into key points:
Economic & Business News (Slovakia):
* Jaguar land Rover (Nitra Plant): Recovering from a cyberattack.All plants,including the Slovak one,are expected to restart in early October,tho a longer shutdown was possible.The shutdown impacted Slovak automotive industry performance by a few percent.
* Slovenské elektrárne (Nuclear Power Plant): Planning to build a large battery storage system (89 MW power, 178 MWh capacity) at Jaslovské Bohunice.
* Government Austerity Measures: The Slovak government approved a new round of public finance consolidation, introducing new taxes and levies totaling €1.25 billion. This is expected to significantly slow economic growth (from 1.6% to 0.8%) and may require further interventions.Businesses and unions are asking the President to veto the package.
* Oil Supply: It’s unclear if the Croatian Adria oil pipeline can fully replace Russian oil (Druzhba) for Slovakia and Hungary. Croatia says it can, but Slovnaft and MOL (Hungary) disagree, citing performance limitations.
New Business Ventures:
* Mere Discount Retailer: The Russian-backed discount retailer,Mere,is opening its first Slovak store in Banská Bystrica.The store is already being prepared, with logos and opening hours posted.
Other Details:
* The full summary of domestic company news is a lengthy article (1750 words, 8 minutes reading time) by Ivan Haluza.