Slovakia’s parliament has passed a law to merge the country’s telecoms and post regulators in January 2014. According to the website of the National Council of the Slovak Republic, the act was adopted on 27 November 2013 and requires the new Office for Electronic Communications & Postal Services to be created on 1 January 2014, which will be run under the budget of the Ministry of Transport, Construction and Regional Development (MDVRR). The new dual-sector regulator becomes the legal successor to the Telecommunications Office of the Slovak Republic (TU SR) and the Postal Regulatory Office on that date, and assumes all rights, duties, powers and responsibilities of the former regulators. The move is part of a wider scheme to save costs by reducing the number of individually funded state organisations under the MDVRR; the same act also included the formation of a new transport authority to be formed by merging the Railway Regulatory Authority, Civil Aviation Authority and State Navigation Administration. The ministry estimates that the mergers will save EUR2.1 billion (USD2.85 billion) during the first three years of operation, EUR1.1 billion of which will come from the Office for Electronic Communications & Postal Services.