Economy grows 6.7% in 2Q06

SLOVAKIA’s economy continues to grow at top speed. According to the latest data from the Statistics Bureau (ŠÚ), the gross domestic product in the second quarter of 2006 increased by 6.7 percent against the same period last year. The ŠÚ now predicts that annual GDP growth in 2006 could reach 6.5 percent.

Household consumption remains the main driver of the country’s economic growth, based on a rise in both real wages and employment.

For the first time in seven years, Slovakia’s jobless rate dropped under 14 percent to 13.5 percent in the second quarter of 2006, while employment was at the highest level since 1994. Real wages increased by 4 percent to Sk18,324 per month, the Hospodárske noviny daily wrote.

Get daily Slovak news directly to your inbox

Top stories

Gábor Grendel (OĽaNO), Juraj Šeliga (Za Ľudí), and SaS MPs Marian Viskupič and Jana Bittó Cigániková.

Matovič government takes after Smer in lawmaking

The second-largest testing scheme of the whole population is underway in Slovakia. Government says they ordered enough vaccines. Layoffs of transnationals in Bratislava.

3 h
PM Igor Matovič (front) and Economy Minister Richard Sulík (back)

Hlas is gaining strength, along with Sulík’s SaS

At the same time, most people think PM Matovič is not managing the coronavirus crisis well.

5 h
US President Joe Biden

Biden really is waking up each morning with the goal of making things better

The new president is old and imperfect, but it's difficult to question his motives.

19 h

Old-age pension scheme gains three new features

Brand new parental bonus raises concerns.

21. jan