Spectator on facebook

Spectator on facebook

ECONOMIC BRIEFS

Study shows decreased output with companies

A study carried out by the Slovak Statistical Office (ŠÚSR) revealed that 48 percent of Slovak companies registered decreased output in July compared to June, while 33 percent had higher output during the same period and 19 percent remained about the same.

Companies reported that the major obstacles to increased production are a lack of funds, low demand on domestic and international markets, competition from abroad and insecure economic conditions.

Employment reflected the trend in decreased output. The number of employees dropped in 24 percent of companies in July compared to June, while 13 percent of companies said their employment figures rose.

This downturn may be temporary, though. For the August-October period, 51 percent of companies predict increased production, while only 7 percent said output would decrease, the ŠÚSR's study said.

Top stories

No Slovaks among the victims of Manchester attack so far

The representatives of Slovakia have expressed their sympathy to the families of the victims.

Police guard close to the Manchester Arena in Manchester, Britain, on May 23, 2017, a day after an explosion.

It's not your Slovakia, Bystrica protesters told Kotleba

President Andrej Kiska spoke to the crowd at the protest gathering, asking Slovaks what kind of country they want to have.

Lajčák gives two versions of the Evka story

The Foreign Ministry gives opposing statements about suspicious procurement related to the Slovak Presidency over the EU Council.

Government of PM Robert Fico (left) endorses Lajčák as its official candidate.

Napoleon’s oak planted in Bratislava's Tyršovo Embankment Photo

An oak of Napoleonic legend was replanted, part of a commemoration spanning several days.

Planting "Naopoleon's oak" on May 20, 2017.