Economics, page 11
News on Slovakia's economy and employment
Foreign trade grew at a surprising pace in November 2017
Lower imports only stressed foreign trade surplus for last November, causing a surprising result, macro-economic analyst opines.
Slovak economy should sustain solid growth momentum in 2018
The challenges are ageing and the lack of a labour force.
Demand inflation and increase in prices affected inflation in November
Apart from food prices which continue accelerating inflation, demand inflation and price of fuel were added in November.
Registrations of newly self-employed in Slovakia reach record numbers
In the course of 2017, the number of new licenses for the self-employed grew by many thousands, mostly in the construction industry.
Analysts: Households and investments increased Slovak GDP
The economy is expected to continue growing.
European institutions agreed to ban on unjustified geo-blocking
In some defined cases, merchants will and online shops will not be allowed to require consumers to pay with a debit or credit card issued in another country; this means discrimination by online shops based on a consumer's location, a practice known as geo-blocking.
2017 summer season beat last year by number of tourists
A total of 3.71 million guests were accommodated in Slovakia between January and August 2017.
Economic growth slows
Growth is expected to continue in following quarters.
Number of foreigners working in Slovakia is on the rise
The nation most frequently represented on the Slovak labour market is Serbia.
Economic gap between Slovakia and western Europe remains wide
Slovakia is still lagging behind in economic convergence towards the more advanced Europe, according to the analysis of the convergence of the Slovak economy compiled by the Slovak central bank, NBS.
Slovak Business Agency receives huge fine for overpriced conference
The Public Procurement Office imposes a €10,000 fine on the Slovak Business Agency (SBA).
Firms continue to increase wages
Wages in 2017 increased by 3.9 percent; next year they should hike by 3.4 percent
The economy should rise at nearly 4 percent
The central bank’s survey of analysts showed expectations of GDP at 3.3 percent for 2017.
Eurostat increased Slovakia’s deficit due to the gas utility
Slovakia failed to achieve its deficit objective last year, the European Union’s statistic office informed in a notification, warning that the country’s failure is second worst, after Greece.
Unemployment rate declined, mainly thanks to cyclical economic revival
The Slovak unemployment rate in September continued to fall to new historic minimum levels, despite the traditional influx of secondary school leavers, according to an analyst.
Slovaks currently save too little
The country is below the European average in savings but this could change for the better in the future.
Slovakia saw surprising trade balance deficit in August
Slovakia’s foreign trade deficit in August was due to strong imports and the summer shutdowns of factories, according to analysts.
Number of companies not paying income tax increases
Analysis shows that the number of companies not paying corporate income tax has increased. There are various reasons for this.
Minister Kažimír presents a new budget
According to the draft budget, the Slovak government is planning a deficit of 0.83 percent.
Slovakia worsened in economic freedom ranking
The Index of Economic Freedom shows that Slovakia has worsened, ranking at 53.
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