Kinstellar’s Bratislava office has advised Austria's European City Estates on its acquisition of the Business Centrum Tesla 2 office complex in Kosice, in Eastern Slovakia, from Penta Real Estate. Skubla & Partners advised Penta Real Estate on the sale.
Bratislava Property Forum 2019, 2nd April 2019, Sheraton Bratislava Hotel, Slovakia
In its December session the Slovak parliament will decide whether to adopt a sectoral tax in the form of a 2.5% levy on net quarterly turnover of retail chains (the “retail chains levy”). The official purpose of the bill under consideration is to reach the strategic goal of food self-sufficiency, to finance the creation of mechanisms supporting Slovakia’s agricultural production and food industry, and to weaken the allegedly dominant position of large retail chains as regards their profits. The annual yield of the new tax is estimated at approximately EUR 150 million – a figure on which the Ministry of Finance relied in calculating its state budget for 2019.