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BUSINESS BRIEFS

Car industry riding crest of wave

The booming Slovak auto industry last year saw investments of Sk28.2 billion crowns, almost three times the amount from the year before; domestic car sales were also up, by 27.3 per cent, reaching levels last seen before the fall of communism.

However, the president of the Automobile Industry Association, Jozef Uhrík, warned that Slovak cars were still far fewer and older than common in western countries.

The average age of a Slovak car in 2001 was 13.3 years; there was 1 car for every 4.16 people, against a less than 1:2 ratio in western European countries.

Top stories

General Prosecutor filed a motion for the dissolution of ĽSNS

The Slovak Supreme Court received a motion to dissolve the extreme right ĽSNS party founded and led by Marian Kotleba.

Jaromír Čižnár

Russian spies allegedly recruit also Slovaks

They are using martial art clubs in Germany and dozens more in other EU states, in the Western Balkans, and in North America.

Illustrative stock photo

EC scrutinises state aid for Jaguar Photo

There is a question whether the scrutiny may impact the carmaker’s plans to invest in Slovakia.

The construction site of a brand new plant of Jaguar Land Rover near Nitra.

GLOBSEC forum will host guests from 70 countries

The 12th year of the conference will be attended by the highest number of participants in its history.

Slovak President Andrej Kiska gives the opening speech of The Globsec 2016 security conference.