Business

Finance Minister Ladislav Kamenický (Smer) speaks about the consolidation of public finances during a press conference on 4 December 2023 in Bratislava.

Slovakia’s public finances remain in deep trouble

The government’s costly subsidies and giveaways pushed the deficit to nearly 5.3 percent of GDP in 2024.

The Upfan's team

Slovak startup Upfan declares war on fake tickets

After being duped by fake tickets, Andrej Nagy created Upfan – a platform that could revolutionise event access.

Volkswagen Slovakia

Hundreds of people ousted from Bratislava’s Volkswagen

The current turmoil has nothing to do with US tariffs, but one brand is in trouble.

Honeywell Safety Products Slovakia

US giant pulls plug on Slovak factory, axing 137 jobs

Honeywell cites ‘high labour costs’ as it shutters Slovak plant that once employed 500 workers.

Consumer prices for goods and services rose by 0.3 percent month on month in March, marking a slower pace than in the previous two months. Year-on-year inflation reached 4 percent, the highest level since December 2023.

Prices surge in Slovakia as inflation hits 15-month high

Services and essential goods drive 4 percent rise, with more pressure expected from new transaction tax.

Lowa’s retreat from Handlová, following so closely on the heels of Ecco’s exit from Martin, has sharpened fears about the competitiveness of Slovakia’s manufacturing sector and the government's ability to keep international investors onside.
Malina store

When to shop over Easter: Opening hours for supermarkets in Slovakia

Shoppers are encouraged to check local store listings for exact opening times.

Ecco in Martin, central Slovakia

Danish shoemaker to shut Slovak factory, axing 650 jobs in fresh blow to struggling region

Ecco’s closure marks end of an era and renews questions over Slovakia’s economic stability under Fico.

The U.S. Steel factory building in Košice

Košice steelworks sinks deeper into the red

Despite fading revenues and market instability, U. S. Steel Košice places hope in potential investment from Japan’s Nippon Steel.

Ivan Mikloš.
Labour Minister Erik Tomáš

Slovakia opens door for pension funds to fuel national growth

Government clears the way for voluntary investment of retirement savings in key infrastructure projects.

Container terminal in the northern basin of the Winter Harbour in Bratislava on 29 October 2018.

Slovakia tops labour cost charts in central Europe

Labour costs are climbing as taxes and mandatory benefits rise under government policy.

The proposed incinerator near Hontianske Tesáre in southern Slovakia.

Local fuming over plans to burn waste near famous mineral springs

Proposals for incinerator spark fierce resistance from mayors, activists and spa lovers — and some say shady politics are to blame.

BYD's Seal model.

China’s answer to Tesla has landed in Slovakia

BYD plans a rapid expansion in the country.

Bratislava downtown
The new tax has led some businesses to encourage customers to pay by cash.

Don’t be afraid to use cash, say entrepreneurs as transaction tax begins

The new tax has added new costs for businesses in Slovakia.

Daniel Tomko junior with father Daniel Tomko from Tomark company.

From furniture to finance: businesses that shaped Slovakia’s market economy

Celebrating 30 years of entrepreneurship and expansion.

SPP logo

Slovakia clings to its gas transit dream, even as pipelines burn

Despite an explosion at a key Russian station, Bratislava presses ahead with plans to restore gas flows via Ukraine.

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VW Slovakia plant in Bratislava

Volkswagen Slovakia posts strong 2024 results despite tariff threat

The Bratislava plant boosted profit and output last year, but US protectionism and rising costs pose fresh risks for Slovakia’s flagship exporter.

The unfinished Hotel Alibaba.

Syrian about to finally finish hotel in Bratislava started 17 years ago

The hotel will have a fitness centre, wellness centre, and a congress hall as well.

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