Economics, page 5

News on Slovakia's economy and employment

National Bank of Slovakia

Foreign trade breaks 10-year record

Machinery and transport equipment contributed to good numbers the most.

Finance Minister Eduard Heger, left, and PM Igor Matovič after the parliament approved the state budget for 2021 and general government budget for 2021-2023.

Parliament passed the law of the year. Public finances will remain in deficit for next three years

Experts say a plan to consolidate public finances during years to come is missing.

National Bank of Slovakia

Slovak economy predicted to fall by more than 6 percent

OECD December prognosis expects the economy to grow again next year.

The National Bank of Slovakia

The public finance deficit may reach 10 percent

The central bank warns of the highest annual difference between expectations and reality.

The CEIT’s automated guided vehicle in action at the Volkswagen Slovakia plant in Bratislava.

Process innovations allow Slovak innovators to shine

Slovak-made innovations make their way to the world through transnational companies.

The COVID-19 pandemic as well as antipandemic measures affect the Slovak economy.

Uncertainties abound, yet recovery is likely forthcoming in 2021

The COVID-19 pandemic determines economic development of Slovakia.

The very first VW Passat produced in the Bratislava VW plant in December 1991.

Passat returns to VW plant in Bratislava after 30 years

Moving production of the Volkswagen Passat and Škoda Superb to Bratislava will account for half of the planned €1 billion investment.

Illustrative stock photo

Consumer prices started growing again

More expensive vegetable, bread and non-alcoholic beverages pushed prices up.

A fly test of the AirCar prototype.

Slovak car-plane developers look to cash in on changing views of flying cars

AeroMobil and AirCar among a handful of firms working on special concept.

Volkswagen Slovakia

Who are the biggest corporate taxpayers?

Companies with German capital contribute to state coffers the most.

Finance Minister Eduard Heger

Coronavirus postpones balanced budget in Slovakia

The Slovak cabinet adopted the general government budget for the next three years.

Inflation hits three-year low

Food prices rose the least in the past few months.

Interior of the warehouse in P3 park in Bruck an der Leitha.

BUSINESS FOCUS: Coronavirus crisis accelerates new trends in the logistics real estate sector

Impacts of the COVID-19 pandemic, new tender for a highway toll system and the still incomplete cross-country highway are among the highlights of the latest Business Focus.

Industrial and logistics premises have also been erected outside the most popular region of western Slovakia, like this one near Košice.

COVID-19 pandemic accelerating new trends in the logistics sector

Online retail sales require more logistics space than brick-and-mortar stores.

Work hours are extended at the coated products division.

Higher demand extends work time at USSK

The situation in the European steel market remains challenging.

NBS governor Peter Kažimír

The central bank is optimistic about this year's economic growth

The forecast for next year’s GDP development is slightly worse, though.

Illustrative stock photo

Analysts are optimistic. They say economy may grow after this year's fall

Slovak economy is expected to fall in constant prices by 7 percent this year, the latest prognosis suggests.

Trucks have been paying for kilometres driven on selected roads across Slovakia for 10 years.

Slovakia gears up for a new highway toll system

The controversial contract for the current system will terminate at the end of 2022.

Amazon’s returns centre in Sereď is an example of a successful US project in Slovakia.

BUSINESS FOCUS: Pandemic changes plans of American investors in Slovakia

Slovak-US relations, impacts of the COVID-19 pandemic on US companies in Slovakia and the story of the first factory for electric car batteries in Slovakia are among the highlights of the latest Business Focus.

Finance Minister Eduard Heger

A piece of good news: Slovak economy may not fall as steeply as expected

The second pandemic wave poses some risks, though.

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